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Africa Project Development Fund: AfDB Creates Alliance, Approves $10 Million Stake

Africa Project Development Fund: AfDB Creates Alliance, Approves $10 Million Stake

… AGIA-PD fund runs for 15 years and should reach its capitalization target in three years Access Multimedia Content The Board of Directors of the African Development Bank Group (www.AfDB.org) approved the proposal to take an initial stake of up ...

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Again, CBN Raises Import Duty Forex Rate, 4th Time In 10 Days

Again, CBN Raises Import Duty Forex Rate, 4th Time In 10 Days

The Central Bank of Nigeria (CBN) has raised the exchange rate for computing Customs duties at the nation’s seaports again, making it the fourth increase in 10 days. Information obtained from the official trade portal of the Nigeria Customs Service ...

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WIGWE: Access Holdings Appoints Bolaji Agbede As Acting Group CEO

WIGWE: Access Holdings Appoints Bolaji Agbede As Acting Group CEO

The board of directors of Access Holdings Plc has appointed Ms. Bolaji Agbede as the acting Group chief executive officer of the company following the unfortunate demise of its former Group CEO, Dr. Herbert Wigwe. The company stated this in a ...

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Again, CBN Raises Import Duty Forex Rate, 4th Time In 10 Days

Again, CBN Raises Import Duty Forex Rate, 4th Time In 10 Days

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has reiterated the need to follow due process and ensure that all discussions around the adjustment of the minimum wage are based on a comprehensive understanding of the ...

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AFEX Drives Pension Investment In Commodities Sector

AFEX Drives Pension Investment In Commodities Sector

A private commodities exchange in Nigeria, AFEX, is driving pension investment in the commodities sector by hosting an executive roundtable discussion for stakeholders in the pension industry. The discussion was meant to expand market participation in the commodities sector by ...

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CBN, NDIC Collaborate To Deepen Deposit Insurance Knowledge, Boost Banking System Resilience

CBN, NDIC Collaborate To Deepen Deposit Insurance Knowledge, Boost Banking System Resilience

Lawmakers and officials from the Nigeria Deposit Insurance Corporation (NDIC) on Saturday gathered in Abuja for a retreat aimed at strengthening the legislative framework for deposit insurance and ensuring the continued stability of the Nigerian banking system. The retreat, themed ...

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Int’l Money Transfer Firms Stop Forex Remittance Payments, Opt For Naira

Int’l Money Transfer Firms Stop Forex Remittance Payments, Opt For Naira

Following the directive of the Central Bank of Nigeria (CBN) barring international money transfer operators (IMTOs) from paying Nigerians in foreign currencies, Nigerians abroad will no longer be able to send dollars or foreign currencies into bank accounts in the ...

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Again, CBN Increases Customs Duty On Cargo Clearance By ₦4

Again, CBN Increases Customs Duty On Cargo Clearance By ₦4

The Central Bank of Nigeria (CBN) has, for the third time this year, increased the exchange rate for calculating customs duties at the nation’s seaports from ₦1,413.62/$ to ₦1,417.635/$. With the upward review, Nigerians will pay more to clear their ...

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NNPCL, CBN Partner To Deepen Relationship, Guarantee Seamless Commercial Operation

NNPCL, CBN Partner To Deepen Relationship, Guarantee Seamless Commercial Operation

The group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, have reviewed the decision of the oil company to domicile a significant portion ...

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BoI Disburses N200bn To Support Businesses

BoI Disburses N200bn To Support Businesses

The Bank of Industry (BoI) is set to execute the three funds totaling N200 billion created by the federal government, through the Federal Ministry of Industry, Trade, and Investment (FMITI),  to support businesses across Nigeria. The Funds are: The Presidential ...

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