London summit: ACFTA to top discussion as Adesina visits UK

London summit: ACFTA to top discussion as Adesina visits UK

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Dr Akinwumi Adesina, President Africa Development Bank (AfDB) The African Continental Free Trade Area (ACFTA) will top discussion as Dr Akinwumi Adesina, the President of African Development Bank (AfDB) is expected in London for the milestone investment summit. The bank’s Communication and…

FG eyes N97 per litre fuel for Nigerians

FG eyes N97 per litre fuel for Nigerians

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The Minister of State for Petroleum Resources, Timipre Sylva, on Thursday said that the Federal Government was planning on making fuel available at N97 per litre, using the compressed natural gas (CNG) as an option to premium motor spirit (PMS). CNG is…

Onitsha-based businessman sues Sterling Bank Plc 

Onitsha-based businessman sues Sterling Bank Plc 

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By Sunny A. David An Onitsha based businessman drags Sterling Bank Plc to court over refusal to honour the cheque issued by Pyrochy International Limited to his creditors. In the statement of claim, the defendant Sterling Bank Plc is a banker and…

President Buhari nominates Dr Kingsley Obiorah as CBN Deputy Governor

President Buhari nominates Dr Kingsley Obiorah as CBN Deputy Governor

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Dr Obiora, CBN Deputy Governor nominee By Sam Tor President Muhammadu Buhari has sent the name of Dr Kingsley Isitua Obiora to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria. In a letter to President of the Senate,…

FG/IFAD/VCDP additional financing kicks-off

FG/IFAD/VCDP additional financing kicks-off

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By Sunny A. David The Anambra State Programme Coordinator, FG/IFAD VCDP, Mr. Nnamdi Agwuncha has announced the commencement of the FG/IFAD VCDP Additional-Financing following the conclusion of the six years programme on December 31, 2019. FG/IFAD VCDP is an agricultural intervention programme…

Boon for Africa’s SMEs as African Guarantee Fund receives $33m Capital Increase

Boon for Africa’s SMEs as African Guarantee Fund receives $33m Capital Increase

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Africa’s leading Guarantee Institution, African Guarantee Fund (AGF) has received an additional USD 33M financing from German lender KfW Development Bank , in a move that will catapult AGF’s efforts to enable African SMEs continue to play their critical role in driving…

President Buhari congratulates First Bank MD, Adeduntan on international award

President Buhari congratulates First Bank MD, Adeduntan on international award

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First Bank’s MD, Dr Adeduntan By Sam Tor President Muhammadu Buhari felicitates with Managing Director/Chief Executive Officer, First Bank, Dr Adesola Adeduntan, on his award of Distinguished Alumnus of the Year by Cranfield School of Management, United Kingdom. The President believes the…

Plateau excited with huge internal revenue, hope for more as over N16bn realized

Plateau excited with huge internal revenue, hope for more as over N16bn realized

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Mr. Arlat, Executive Chairman, Plateau Internal Revenue Service By Raymond Gukas, Jos The Plateau Government has generated N16.48 billion internally generated revenue within the 2019 fiscal year ostensibly the highest in the history of the state inspite of the u friendly economic…

AfCFTA excites AfDB President, Adesina says free trade area worth $3.3trn

AfCFTA excites AfDB President, Adesina says free trade area worth $3.3trn

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AfDB President, Nigeria’s Adesina President of the African Development Bank, Akinwunmi Adesina, has said that the biggest thing to happen to Africa is the African Continental Free Trade Area (AfCFTA), saying the free trade area itself is worth over 3.3 trillion dollars….

CBN slashes bank charges, protects customers in revised guidelines

CBN slashes bank charges, protects customers in revised guidelines

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CBN building, Abuja The Central Bank of Nigeria (CBN) on December 20, 2019 released two (2) regulatory guidelines- a revised Guide to Charges by Banks, other financial and non bank financial institutions, to replace the one issued in May 2017, and Consumer…