UBA, First Bank, Fidelity, Ecobank disburse forex to BDCs

No fewer than four commercial banks yesterday disbursed the first batch of diaspora inflow-related foreign exchange (forex) to over 350 bureaux de change (BDCs),...

Nigeria loses N115 billion to the shutdown of Forcados terminal

With global oil prices trading above the $50 per barrel mark since November 30, the shutdown of the Forcados terminal, through which the nation’s...

Salary & Pension: Buhari disburse 522bn for states

President Muhammadu Buhari approved the disbursement o N522.74 billion to states who claimed that deductions from their federation revenue to settle external debt obligations between...

Akwa Ibom presents N365.2 billion for 2017 budget

The Akwa Ibom Government says it will spend N94.8 billion or 26 per cent of its N365.2 billion budget for 2017 on roads, works...

Lagos N813 billion 2017 budget’s been passed

The Budget 2017 presented by Governor Akinwunmi Ambode on November 29, 2016 to the Lagos State House of Assembly, yesterday was passed. The Budget proposal...

Promo: Painter emerges winner of N42 million land

One Mr. Saheed Lawal, a house painter in Ijebu-Igbo, Ogun State, last week, was handed a plot of land worth N42 million in the...

AfDB approves $350m loans to Nigerian banks

The African Development Bank (AfDB) has approved $300 million and $50 million trade finance loans to First Bank of Nigeria and FSDH Merchant Bank...

Lagos issues N47bn Bond

The Lagos State Government on Friday issued its N47bn Series 1 Bond maturing in December, 2023 under its N500bn Third Debt Issuance Programme. Governor Akinwunmi...

First Bank dismisses involvement in alleged N11.2b fraud in NPA

First Bank of Nigeria at the weekend absolves itself of any involvement in the alleged N11.2 billion fraud at Nigerian Ports Authority (NPA). This came...

‘Adeosun admits the only option left is to borrow’

The Minister of Finance, Mrs. Kemi Adeosun, on Thursday said that the inability of the Federal Government to generate enough revenue to meet its...

United Capital Plc, Societe Generale, others support African SMEs with €77m

United Capital Plc, a leading African investment banking group, has partnered with global financial and corporate institutions to set up a Franco-African Investment Fund...

NPFPL transfers N36.5 billion to police RSAs

The NPF Pensions Limited says it has transferred N36.55bn to the Retirement Savings Accounts of 234,296 police beneficiaries. The money, according to the Managing Director...

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