Category Archives: Money
Minister solicits UNESCO’s support for Nigerian women
The Minister of State for Industry, Trade and Investment, Ambassador Mariam Yalwaji Katagum, has urged the United Nations Education, Scientific and Culture Organisation (UNESCO) to support women empowerment in vocational skills such as that of Information, Communication and Technology (ICT).
Paxful boosts financial inclusion with bitcoin
A global peer-to-peer bitcoin marketplace, Paxful, is making inroads into Africa with its platform for bitcoin trading which has achieved widespread acceptance in other parts of the world. Paxful, which has over two million users and facilitated the trading of
CBN’s proposed policy on loan defaulters commendable – Experts
Financial experts across the country have lauded the Central Bank of Nigeria’s (CBN) proposed policy that will ensure that loan defaulters forfeit their deposits in others banks. Commenting on the proposed policy at the weekend, a financial expert, Mr Solomon Itodo,
Access Bank to delay H1 2019 financial results
Access Bank Plc has said it would delay the filing of its half year audited financial statement to the Nigerian Stock Exchange (NSE). The bank, in a notification to the NSE at the weekend, explained that due to the recently concluded
Group urges CBN to extend deadline for return of mutilated notes
Consumer Awareness and Financial Enlightenment Initiative (CAFEi) has urged the Central Bank of Nigeria (CBN) to extend deadline for the exchange of mutilated naira notes by another four months. Otunba ‘Debola Osibogun, CAFEi President, said in Lagos on Sunday that extension
Pound dives on increased no-deal Brexit prospect
The pound slumped more than one percent versus the dollar and euro Wednesday as Britain’s government moved to extend the suspension of parliament, increasing the likelihood of a no-deal Brexit. Britain’s currency slid 1.1 percent to $1.2157, while the euro
Nigeria can not sustain $9bn spent on freight says Hassan
BelloHassan is the Executive Secretary and Chief Executive, Nigerian Shippers Council (NSC), the economic regulator of the nation’s shipping industry. He joined the Council in 1998 as Deputy Director and Head of Legal Services and later became a director in
Special agro-processing zones to attract $1b from AfDB, says Governors’ Forum
The Nigeria Governors’ Forum (NGF) has said that the establishment of special agro-processing zones (SAPZs) in Nigeria has the potential of attracting about $1 billion from the African Development Bank (AfDB). NGF’s Chairman, Governor Kayode Fayemi of Ekiti State, who
Tax appeal tribunal resolves disputes worth N10bn
The Tax Appeal Tribunal sitting in Kaduna has in the last eight months since the commencement of sitting resolved tax disputes amounting to over N10 billion. According to a statement, the tribunal which has jurisdiction over the North-west Zone, comprising
Diaspora remittances to Nigeria may reach $34.8 billion by 2023
The latest report by the PricewaterhouseCoopers (PwC), has estimated that migrant remittances to Nigeria could grow to $25.5 billion, $29.8billion, and $34.8billion in 2019, 2021, and 2023 respectively. In its White Paper Series cited by The Guardian yesterday, titled: “Strength
AFBTE seeks engagement on proposed FX ban on food imports
The Association of Food, Beverage & Tobacco Employers (AFBTE) has appealed to the federal government to engage members of the organised private sector (OPS) and stakeholders in the food industry on plan to end the allocation of foreign exchange for
Why banks’ customer base may shrinks
The doubt hovering over the possibility of the financial technology (FinTech) firms to displace commercial banks on the payment service banking (PSB) space in the country has been finally laid to rest. Telecom operators (telcos) and financial technology companies (fintechs) ,
Naira Exchange Rates