Business

The President, African Export-Import Bank, Dr Benedict Oranma, has said there are plans by the bank to support Nigeria and a number of other African countries with $25bn within the next three years. He disclosed this during an interview with our correspondent on the sidelines of the African Export-Import Bank Annual Meetings in Abuja. He said following the move by the...

The Central Bank of Nigeria (CBN) on Friday commenced sale of foreign exchange in Chinese Yuan (CNY). The exercise marks the formal take-off of the Bilateral Currency Swap Agreement (BCSA) the bank signed on April 27, 2018 with the People’s Bank of China (PBoC). A statement by the CBN spokesperson, Isaac Okorafor, sent to PREMIUM TIMES said the sale shall be...

The Nigerian Stock Exchange (NSE) will today list the FGN N10.69 billion Green Bond on the Exchange, as part of efforts to make Nigeria one of the favoured investment destinations in Africa. Nigeria became the first the first nation to issue a climate bonds certified sovereign green bond, the first African nation to issue a sovereign green bond and the...

The bears continued to dominate transactions on the equity sector of the Nigerian Stock Exchange (NSE), as most blue chip stocks depreciated in price, causing the All-share index to plunge further by 0.6 per cent. Yesterday, the All- share index shed 215.52 points, representing a decline of 0.58 per cent to close at 36,748.18 points. Also, the market capitalisation declined...

The Central Bank of Nigeria (CBN) has released an amended regulatory framework for Bank Verification Number (BVN) operations and watch-lists for Nigerian financial system, saying a valid court order is a requirement to have access to a customer’s BVN. The central bank disclosed this in a circular posted on its website yesterday, that was addressed to all banks, switches, mobile...

The Africa Export-Import Bank (Afreximbank) disclosed yesterday that its investment in the Nigerian economy stands at over $17 billion . Afreximbank President, Dr. Benedict Oranmah, who spoke at the ground-breaking ceremony of the Anglophone Regional Office, in Abuja, stated that the decision to invest in the Nigerian economy was in appreciation of the critical role the nation played in the...

FIRST BANK Plc ALLEGEDLY FORGES DOCUMENTS AGAINST WHITEPLAINS BRITISH SCHOOL, FLOUTS COURT JUDGEMENT. The court case between Whiteplains British School, Jabi Abuja and First Bank Plc is far from over as First Bank appears bent in illegally taking over the property known as Whiteplains British Secondary School located at Jabi, Abuja. ‎ During an interview with the Director of Whiteplains British School,...

Dangote Cement PLC (DANGCEM-NL) (DangoteCement.com), Africa’s largest cement producer, announces the issuance of 50 billion Series 1 and 2 Notes under its 150 billion Commercial Paper Programme, announced on 27th June 2018. The Series 1 and 2 Notes will be listed on Nigeria’s FMDQ OTC Securities Exchange on 19th July 2018. Funds raised in the Commercial Paper (CP) Programme will be used...

A mega cement warehouse located at the Industrial Layout, Onitsha Road, Owerri, capital of Imo State, to serve corporate outfits and people of the Southeast and other zones in the country, was on Monday, opened for commercial use. Present at the event were the President, Dangote Group, Aliko Dangote, the Imo State Governor, Rochas Okorocha, among others captains of industry.Declaring...

Searching for a business to start with N100,000 in Nigeria? Search no more. Read this post from beginning to the end to find any preferable business. “People who succeed have momentum. The more they succeed, the more they want to succeed, and the more they find a way to succeed. Similarly, when someone is failing, the tendency is to get...