Tags: CBN

How House of Reps. Resolved Airlines’ Strike Dispute

The leadership of the House of Representatives has resolved the issues that led the Airlines Operators Association of Nigeria (AOAN) to threaten to shut down flight operations across the country. At a meeting that lasted over three hours at the National Assembly on Monday, the House leadership, led by Speaker Femi Gbajabiamila secured the commitment…

Innovative Ways Stanbic IBTC is Contributing to Nigeria’s Creative Sector

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, restated its commitment to develop sustainable impact in the global creative industry and contribute to the growth and advancement of the Nigerian creative industry through world-class products, value-driven opportunities, and partnerships. The financial institution stated that it supported key stakeholders in the creative space through…

Heritage Bank Promotes Financial Literacy to Commemorate Global Money Week

In alignment with the Central Bank of Nigeria’s (CBN) Financial Literacy Day, Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider has joined the rest of the world in the celebration of 2022 Global Money Week. The 2022 Global Money Week was scheduled to take place from the 21st – 27th of March 2022 and…

Buhari impressed with Dangote’s $2.5bn Fertiliser plant, Says Nigeria to Witness Agric Boom

President Muhammadu Buhari yesterday commissioned the new 3 million Metric Tonnes capacity per annum state-of-the-art Dangote Fertiliser Urea Plant, with an emphatic assurance that the project would give a huge fillip to Nigeria’s agricultural sector, which revitalisation has been a focal point of his administration’s economic policy. The new plant, which he commissioned in the…

Heritage Bank Plc, Lagos Commodities and Futures Exchange (LCFE) and other participating financial institutions explored opportunities on export revenue from the Commodities Ecosystem as part of its supports to the Central Bank of Nigeria’s (CBN) to raise $200billion in foreign exchange repatriation from the non-oil exports over the next three to five years. At a…

Fidelity Bank Sensitizes Customers on Emerging Opportunities in Non-Oil Exports and CBN RT200 FX Policy

The Central Bank of Nigeria’s (CBN) efforts towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have been given a major boost with a recently held workshop for exporters and investors in Akure, Ondo State. Hosted by leading financial institution, Fidelity Bank Plc, the workshop tagged, Harnessing…

GTCO Plc Releases 2021 Full Year Audited Results, Reports Profit Before Tax of ₦221.5billion

Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2021, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group’s balance sheet remained well structured and resilient with total assets and shareholders’ funds closing FY 2021…

Fidelity Bank Restates Support for CBN FX Repatriation Push

Fidelity Bank Plc, a leading Nigerian bank, has reaffirmed its commitment to actively support the Central Bank of Nigeria’s (CBN) efforts to achieve its goal of $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years. The Executive Director, Northern Businesses, Fidelity Bank Plc, Hassan Imam made this known on…

N450m Diezani Bribe: Ex- Minister, Sarah Ochekpe, Two Others to Spend 6 Years in Prison

The Economic and Financial Crimes Commission, EFCC, Gombe Zonal Command, on Tuesday, February 22, 2022, secured the conviction of a former Minister of Water Resources in the administration former President Goodluck Jonathan, Sarah Ochekpe. Ochekpe was convicted along with two others, Evan Leo Sunday Jitong and Raymond Dabo, deputy director for Goodluck/Sambo 2015 election campaign…