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Financial inclusion: CBN unveils new policy to capture the unbanked

The Central Bank of Nigeria (CBN), on Thursday unveiled the National Financial Inclusion Strategy designed to ensure that at least 80 per cent of Nigerians…

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Posted in NAIJA BIZ

CBN is set to launch its revised national financial inclusion strategy

The Central Bank of Nigeria (CBN), will on Thursday and Friday this week, meet with stakeholders for the launch of key policy documents in financial…

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Banks to lose interest on petrol subsidy-induced loans

In a move to reduce the outstanding subsidy debts owed by the Federal Government to oil marketers, the Central Bank of Nigeria (CBN) has asked…

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Wapic Insurance launches ombudsman

An ombudsman desk has been established by Wapic Insurance Plc. in a bid to improve customers’ experience pertaining to insurance. During the inauguration in Lagos…

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NSE lifts suspension on C&I Leasing shares

The full suspension placed on trading on shares of C&I Leasing have been lifted after the company informed the Nigerian Stock Exchange (NSE) that the…

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Nigerian SMEs sector to receive N12 billion boost

In a bid to bridge the gap for financing in the Small and Medium Enterprises (SMEs) sector, the Afri-Invest West Africa has partnered Syntaxis Capital Africa. The partnership…

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These companies’ shares are below listing standard according to NSE

The Nigerian Stock Exchange disclosed over the weekend that eighteen companies’ shares are below listing standard due to the deficiency in their free floats. The…

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NSE extends trading hours after 4 hour glitch

The Nigerian Stock Exchange (NSE) today encountered a technical glitch which impacted trading activities for about four hours.The bourse disclosed this in a notice posted…

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Meyer Plc reacts to publications about FIRS’ shut down of its premises

Meyer Plc has issued a press statement in response to last week’s media publications about the shut down of its Ikeja factory by the Federal…

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Monetary Policy: CBN set to unfold 2019 plans

Governor Godwin Emefiele of the Central Bank of Nigeria (CBN), will next week, unveil the apex bank’s monetary policy direction for the year 2019. Emefiele…

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Dangote Refinery begins installation of a major refinery equipment

The Fluid Catalytic Cracking equipment for Dangote Oil Refinery Company Limited has arrived Lagos, even as the company now prepares to install the monstrous-looking, but a…

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NCC steps into 9mobile’s ongoing tussle

Nigerian Communications Commission (NCC) has intervened in the current crisis at 9mobile barely days after bid winner, Teleology Holdings Limited pulled out of the telecoms…

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Imo guber: Tension heightens as Gov. Okorocha, Aisha clash in Owerri

Wife of the President, Mrs. Aisha Buhari has disagreed with Governor Rochas Okorocha of Imo State after the governor boasted that his son in-law, Uche…

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NEXIM, SMEDAN sign pact to boost exports

The Nigerian Export-Import Bank (NEXIM) has concluded a pact with Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). NEXIM disclosed this in a statement. Abba…

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Nigeria’s total debt rises by N10.31 trillion in latest DMO report

Debt Management Office (DMO) has pegged Nigeria’s total debt at N22.43 trillion as at September 2018, an increase of 85.06 per cent when compared to…

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These companies have been shut down by FIRS for owing taxes

Nine companies in Lagos were earlier this week shut down by Nigeria’s Federal Inland Revenue Service (FIRS) for owing taxes to the tune of N199.4…

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World Bank expects Nigeria’s economy to grow by 2.2% in 2019

Nigeria’s economy will grow by 2.2 per cent, a new World Bank report on Global Economic Prospects has revealed, as growth in Sub-Saharan Africa is expected to rise…

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Heritage Bank joins the bandwagon by targeting the “unbanked”

The management of Heritage Bank Plc has expressed the bank’s commitment to focus more on retail banking, while availing low-income earners and rural dwellers the…

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How NNPC intends to lower the price of cooking gas

The Nigerian National Petroleum Corporation (NNPC), has indicated its interest to crash the price of Liquefied Petroleum Gas (LPG), also known as cooking gas. This was made…

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FG deploys proceeds of Sukuk fund

The Federal Government has enlisted no fewer than 28 road contracts that will benefit from the ₦100 billion Sukuk bond issued in December 2018 by the…

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