Business/Finance

Analysts Forecasts: Mpc Set To Raise Rates Amid Hi

Stanbic IBTC Set To Focus On Wellness For Improved Productivity

Stanbic IBTC Bank has disclosed that improving the health consciousness of the nation’s working population is critical to increasing productivity. Due to this, the financial institution recently gathered experts from the industry and the health sector for a breakfast session in Lagos to chart progressive path for the business of healthcare in ... Read more

Clearing Agents Threaten To Shut Ports Due To Unstable Customs’ Duties

Taiwo Mustapha (Chairman, Board of Trustees (BoT), ANLCA)

If the government fails to tackle the persistent fluctuations in foreign exchange rate used in calculating customs duty on imported goods within the next 30 days, the clearing agents, under the aegis of Association of Nigerian Licensed Customs Agents (ANLCA), have threatened to shutdown the nation’s ports. Although, it was reported that th ... Read more

Quality Healthcare System Will Affect Migration, Says Oramah

Professor Benedict Oramah (President of Afreximbank)

The President of Afreximbank, Professor Benedict Oramah, has disclosed the significance of a robust health system in reducing the migration of healthcare workers from the African continent. In a statement from Afreximbank, this was disclosed by Oramah on Friday during a visit with President Bola Tinubu in Abuja, which was centred on the bank&rsq ... Read more

ECOMOF 2024: UBA Affirms Pledge to Stimulate African Economic Expansion through Strategic Supports for Mining and Oil Sectors

Africa’s Global Bank, United Bank for Africa (UBA) Plc has reaffirmed its unwavering commitment to spearhead economic growth across the continent through targeted policies aimed at maximizing the benefits derived from the mining and oil sectors. To this end, the bank is poised to collaborate with the Economic Community of West Africa State ... Read more

Qatar Authorities Reject Tinubu’s Proposed Business Meeting

The government of Qatar has reportedly rejected President Bola Tinubu’s request to visit the country for a business and investment meeting over legal disagreement. The Qatari authorities in a letter sent to Nigeria’s Ministry of Foreign Affairs on Thursday, said that the Middle East country would not be able to welcome President Tinu ... Read more

CBN On Talk To Raise BDC’s Share Capital To N2bn

Dr. Olayemi Cardoso (Governor, Central Bank of Nigeria (CBN)

The Central Bank of Nigeria has expressed commitment to increase the share capital of Bureau De Change operators to N2bn and N500m for Tier 1 and Tier 2 licences. Previously, the currency operators were charged N35m for a general licence. This was disclosed in the draft paper of a “Revised Regulatory And Supervisory Guidelines For Burea ... Read more

CBN Battle Continues With Fresh Nai

Dr. Olayemi Cardoso (Governor, Central Bank of Nigeria (CBN)

The naira declined further both at the official and parallel foreign exchange ma ...
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Foreign Capital Inflow To Banking I

Dr. Olayemi Cardoso (Governor, Central Bank of Nigeria (CBN)

It was reported that the banking sector has received about $832.64m in foreign c ...
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Banking Industry, CEOs Mourns Wigwe

Bank Directors Association of Nigeria (BDAN) sadden over the tragic death of Dr ...
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CBN On Talk To Raise BDC’s Share Ca

Dr. Olayemi Cardoso (Governor, Central Bank of Nigeria (CBN)

The Central Bank of Nigeria has expressed commitment to increase the share capit ...
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Peter Obi Urges FG To End Customs F

The 2023 presidential candidate of the Labour Party, Peter Obi, has urged the Fe ...
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