The Central Bank of Nigeria (CBN) yesterday said that the nation’s Balance of Payments deteriorated to deficit of $4.5 billion in the third quarter of the year (Q3’18) from $503 million surplus in the second quarter of the year (Q2’18)…
The Central Bank of Nigeria (CBN) says the migration of the Federal Government Ministries, Departments and Agencies (MDAs) to the Treasury Single Account (TSA) has led to positive growth in the value and volume of transactions recorded in the end to end…
In a move that will strengthen the nation’s SME sector, Union Bank has engaged operators in the sector in a capacity development programme. At a seminar, themed, ‘Managing a Successful Small Business’,organised for operators across the country, the bank’s Head of…
The Federal Ministry of Water Resources has revealed the economic values of the $495 million credit facility the World Bank gave in support of the Transforming Irrigation Management in Nigeria Project (TRIMING). A document obtained by THISDAY from the…
Nigeria is said to be the largest recipient of African-Export-Import Bank (Afreximbank) `s facilities, with the total commitments during the last two decades exceeding $17 billion. Benedict Oramah, President of Afreximbank, who said this at the inaugural Intra-…
Shareholders of Trustbond Mortgage Bank Plc have commended the financial performance of the bank for the year ended December 31, 2017 during which its profit after tax from continuing operation rose about 13 percent to N23,443 million, up from…
A Federal High Court in Lagos on Friday sentenced a former acting managing director of Century Microfinance Bank Limited, Olise Robinson, to 19 years imprisonment for stealing N29 million from the bank. Justice Okon Abang convicted Robinson of five counts…
The Federal Government has disclosed that 36 state governments and the Federal Capital Territory, FCT, will soon access World Bank’s $750 million loan and grant facility. This was made known by the Minister of Finance, Zainab Shamsuna Ahmed, while addressing…
Working with Big Win Philanthropy and Aliko Dangote Foundation, the African Development Bank has unveiled a new Multi-Sectoral Nutrition Action Plan that aims at raising investments towards reducing stunting by 40 percent in African children under…