Nova Bank wants to partner in financing Nigeria’s economic recovery – MD
Mr Duroha said the bank was looking at the prospect of creating medium to long term loans with tenor ranging between three and five years for industries like agriculture, telecoms and healthcare, where clear opportunities exist to tap into.
Maritime agencies plan 24-hour operation in Nigerian ports
“We are looking at the workability of 24-hour port services to ease the pressure on our ports in terms of congestion.”
Customs resume e-auction amid complaints of inability to access portal
Prospective participants are expected to possess a Tax Identification Number among other requirements
NOVA Merchant Bank’s N10bn bond oversubscribed by 300% -official
Bank says oversubscription was in spite of the havoc of the new coronavirus pandemic on the economy.
Oil prices fall over rising coronavirus infections
Denting fuel demand, cities from Manila to Melbourne are tightening lockdowns to battle new infections
BUA Cement records N34.8 half-year profit, 12.7% revenue increase
This was contained in a filing to the Nigerian Stock Exchange.
AIICO Insurance Gross Written Premium hits N31.9bn
The N31.9 billion recorded by AIICO as of June signifies a 26 per cent increase, compared to N25.4 billion recorded in comparative period of 2019.
Shoprite’s shares appreciate amid plans to sell Nigerian subsidiary
In recent years, Africa’s top supermarket has been reviewing its long-term options in Africa.
EXPLAINER: CBN’s new GSI Policy: What bank customers need to know
The GSI policy will facilitate improved credit repayment culture in the country and reduce non-performing loans.
NNPC to sue Mexican firm over alleged stolen 48m barrels of crude
The NNPC described the allegations as “diversionary tactics in furtherance of the scheme to fleece Nigeria”.
Malabu Scandal: Shell ‘writes down’ OPL 245 licence
The oil giant on Thursday listed the controversial licence for an offshore oilfield in Nigeria, which it holds alongside Eni, as parts of its writedowns.
AfDB Board reacts to report of High-Level Panel clearing Akinwunmi Adesina
The High-Level Panel had concurred with the bank’s Ethics Committee in respect of all allegations against Mr Adesina.
Polaris Bank partners Facebook to build capacity for SMEs
The bank explained that this move is intended to equip Small and Medium-scale Enterprises (SMEs) who are focused on leveraging social media tools to drive business and sales.
No going back on deregistration of Ohaneze Ndigbo, Arewa socio-cultural groups – CAC
Mr Abubakar said, henceforth, requests for registration by socio-cultural groups and organisations would not be granted by the CAC without a certificate of security screening and clearance of their Board of Trustees members.
Naira strengthens marginally to dollar at I&E window
The Naira gained marginally to the dollar at the Investors and Exporters (I &E) window closing at N389.25 to a dollar as against N389.50 posted on Friday.
NOVA Merchant Bank’s debut N10bn Bond oversubscribed by 300%
The transaction represents NOVA’s first bond issuance in the debt market and was oversubscribed by 300 per cent.
NCC begins implementation of framework for Telecom Industry
The commission said it is committed to the creation of an enabling environment for competition among operators in the industry.
CBN’s Maize Import Ban Ill-timed, May Cripple Poultry Sector – Don
The scholar said the apex bank’s decision to ban maize importation was too abrupt, urging the CBN to reverse the decision.
How CBN’s non-interest intervention credits will deepen financial inclusion in Nigeria — NSCIA
NSCIA praises CBN for non-interest intervention credits, says move will deepen financial inclusion.