UBA Gets $100m Fund to empower women led SMEs The African Guarantee Fund (AGF) and United Bank for Africa (UBA) has signed a partnership that ensures that UBA provides $100 million in new loans to Small and Medium Enterprises (SME) and business owners across the 20 African countries where[Read More…]
Jandor says Bode George no longer member of PDP The Peoples Democratic Party (PDP) governorship candidate for Lagos State in the 2023 election, Abdulazeez Olajide Adediran, popularly known as Jandor, has clarified his earlier stance of suspending Chief Bode George from the party. Bode George was a former deputy[Read More…]
Electricity workers picket headquarters of Kaduna Disco, demand seizure of company licence The licence of Kaduna Electricity Distribution Company (KAEDC) should be withdrawn, according to protesting workers who have already picketed the entrance of the company. The workers, under the aegis of the National Union of Electricity Employees (NUEE),[Read More…]
Chudi Offodile takes over Bashir Jamoh as Acting NIMASA DG Chudi Offodile has taken over the affairs of the Nigerian Maritime Administration and Safety Agency (NIMASA, as the Executive Director, Finance and Administration from the outgoing DG, Bashir Jamoh. Jamoh’s tenure ended on March 10, 2024. In a statement[Read More…]
TCN Transmission vandalized for the fifth time in 4 weeks The Transmission Company of Nigeria (TCN) has reported a destruction of its infrastructure -the Shiroro-Katampe 330kV transmission line which makes it the fifth time the incident has occurred since February. A statement by the company said that the latest incident[Read More…]
FX reforms paying off as overseas remittances swell by over 400% says CBN On Thursday, the apex bank said overseas remittances into the country rose to $1.3 billion in February compared to $300 million in the preceding month. The bank’s acting Director, Corporate Communications Department, Mrs. Hakama Sidi Ali,[Read More…]
CBN to sanction Microfinance banks over late submission of monthly returns The Central Bank of Nigeria has threatened to sanction development finance institutions, primary mortgage banks, and microfinance banks regarding the timely submission of their statutory monthly returns through the Financial Institutions Returns Automation (FinA) application. The Apex Bank gave[Read More…]
Tinubu Signs Executive Orders to boost Nigeria’s Oil, Gas Sector President Bola Tinubu has signed an executive orders with policy directives that will improve the investment climate and position Nigeria as the preferred investment destination for the oil and gas sector in Africa. In a statement by presidential spokesman, Ajuri[Read More…]
FBNQuest, Metropolitan educates Nigerians on Islamic Estate Planning FBNQuest Trustees, a subsidiary of FBN Holdings, has partnered with the Metropolitan Law firm to host the sixth Islamic Estate Planning Clinic to enlighten individuals on the importance of estate planning under Islamic law. FBNQuest Trustees, a subsidiary of FBN[Read More…]
CBN slashes Customs FX duty rate by 5.3% as naira stabilies The Central Bank of Nigeria (CBN) has further slashed the exchange rate for computing Customs duties at the nation’s seaports by 5.3 percent following the stability in the exchange rate of naira to the dollar. The Customs FX duty[Read More…]
