Category: Business Report

Central Bank of Nigeria, CBN, and three other banks in the country received $41.736 million dividends (N12.938bn) in 2017 from their investments in regional multinational financial institution, the Africa Finance Corporation, AFC. CBN Governor, Mr Godwin Emefiele The other banks, according to data obtained from…

The Central Bank of Nigeria (CBN), has urged insurance operators in the country to ensure diverse insurance products to enable more citizens to key into insurance. Mrs Temitope Akin-Fadeyi, the Head, Financial Inclusion Secretariat, CBN, gave the advice at the ongoing National Insurance Conference on…

Although Nigeria has committed to the execution of the naira-yuan swap deal to salvage the naira, that has not foreclosed other alternatives from being dangled before it, even from no less a personality than the French President, Emmanuel Macron. During his last week working visit to…

The Nigerian Export Promotion Council has said that Nigeria is targeting $30bn in foreign exchange earnings with the zero-oil scheme. The Chief Executive Officer, NEPC, Mr. Olusegun Awolowo, stated this in Lagos during the second National Committee on Export Promotion meeting. Awolowo noted that the…