Mrs Priscilla Ekwere Eleje has made history by becoming the first woman i Nigeria to have her signature on the 1000 Naira note. Mrs Ekwere Eleje is the first female Director of Currency Operations at the Central Bank of Nigeria, CBN. She has also been confirmed as the substantive director of CBN. Mrs Eleje was reportedly confirmed Substantive Director of …
Following the failure being experienced in structure of microfinance institutions, Vice President Yemi Osinbajo has called on Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation to take over funding and management of N’Power, Trader Moni, Market Moni and other such programmes. Receiving board and management members of NDIC in his office last weekend, Osinbajo said it was desirous …
Innoson Group, on Sunday warned GTBank to respect the judgement of the Supreme Court which ordered it to pay the company N8.7billion. The Federal High Court sitting in Ibadan had on Friday refused to hear or grant GTBank an injunction to restrain Innoson from continuing to levy execution against it; the court also refused to stay execution. Cornel Osigwe, Head …
The King Salman bin Abdulaziz of Saudi Arabia has launched four wellbeing projects for the kingdom’s capital Riyadh, which will significantly improve the lives of its citizens, transform the city into an attractive destination and make it one of the world’s most livable cities. The four wellbeing projects – King Salman Park, Sports Boulevard, Green Riyadh and Riyadh Art – …
The Nigerian Stock Exchange (NSE) in partnership with the Global Reporting Initiative (GRI), supported by UK aid, hosts a half-day workshop on sustainability reporting where the NSE Sustainability Disclosure Guidelines will be unveiled. The workshop, scheduled for Tuesday, March 19, at the Exchange House, will bring together C-level executives, Corporate Social Responsibility and Sustainability experts, non-governmental organisations and other stakeholders …
The Nigerian Stock Exchange (NSE) over the seven-day trade continued a bearish run associated to profit taking and cautious trading by investors who await clear direction after the elections period. Specifically, All-share index (ASI) and market capitalisation depreciated by 2.45 per cent to close the week at 31,142.72 basis points and N11.614 trillion respectively, as Month-to-Date and Year-to-Date returns dip …
A research analyst at Forex Time, an award-winning international forex broker, Lukman Otunuga, says the decision to change or retain governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, will impact Foreign Direct Investment (FDI). Otunuga, who spoke at a media briefing in Lagos on Wednesday, said keeping Emefiele would signal continuity, and remove elements of uncertainty while changing …
Transactions on the Nigerian Stock Exchange (NSE) opened for the month of March on a positive trend, after declining for three consecutive days. The News Agency of Nigeria (NAN) reports that the crucial market indices rebounded by 0.34 percent with Nestle leading the gainers’ pack. Specifically, the All-Share Index inched 108.54 pointed or 0.34 percent to close at 31,827.24 compared …
President Muhammadu Buhari’s election victory probably means continued political interference in Nigeria’s economy and slower growth, according to Bloomberg Economics. It will be recalled that Naija News had earlier reported that President Muhammadu Buhari and Vice President Yemi Osinbajo were presented certificates of return by the Independent National Electoral Commission after defeating the main opposition, Alhaji Atiku Abubakar of Peoples …
The Federation Accounts Allocation Committee (FAAC) has shared a total of N610.368 billion to the three tiers of government. According to a statement on Wednesday by the Director of Information at the Ministry of Finance, Hassan Dodo, the money was the federal revenue generated in the month of January but shared in February. The statement quoted the Accountant General of …
