[B]WASHINGTON, April 20, 2018[/B] – Seven Multilateral Development Banks (MDBs) launched a new platform to enhance their collaboration on economic migration and forced displacement today on the margins of the IMF-World Bank Group Spring Meetings. The platform will advance strategic dialogue and operational coordination to maximize the imp ... Read more

A Federal High Court in Lagos  on Thursday threw out a suit filed by the Economic and Financial Crimes Commission (EFCC), seeking to forfeit to the Federal government of Nigeria, the sum of $5,316.66 USD, domiciled in Skye Bank Plc, and linked to the former first lady, Mrs. Patience Jonathan and six others. The court threw out the suit at the in ... Read more

April 19, 2018 - Ecobank Transnational Incorporated (ETI) and its two affiliate countries - Nigeria and Ghana- have emerged winners in three strategic categories of The Asian Banker – West Africa Awards 2018. The annual awards saw ETI winning the Best Financial Inclusion Initiative Application or Programme with its innovative Xpress Accou ... Read more

[B]The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside US $50-million ... Read more

The Abuja division of the Federal High Court has halted the planned sale of embattled telecommunication firm, Etisalat (now 9mobile) following opposition to the move by some aggrieved shareholders. The shareholders – Afdin Ventures Limited and Dirbia Nigeria Limited – who claimed to be major investors, complained of being left out in the firm's ... Read more

The Benue Board of Internal Revenue Service (BIRS) has sealed up six firms, including three commercial banks, over alleged non-payment of taxes to the tune of N 774.5 million. Mrs. Mimi Orubibi, Executive Chairman, BIRS, who led the team that carried out the exercise on Wednesday in Makurdi, said that the firms had failed to remit Personal Incom ... Read more

The Federal Government has offered for
subscription by auction N90 billion worth of bonds in its April 25 auction, the Debt Management Office (DMO) said. The offer circular obtained from its website on Tuesday in Abuja, stated that it would sell N30 billion of a five-year new issue maturing in April 2023 at an undisclosed rate. It would also ... Read more