ATI Supports $305m Road project in Angola financed by Deutsche Bank
African Trade Insurance Agency (ATI) has supported Deutsche Bank with a comprehensive nonpayment insurance cover, insuring the bank against non-payment by the Government of Angola on the loan facility advanced to the Ministry of Finance to fund the construction and…
FAAC Shares N786.161bn May 2023 Revenue to FG, States and LGAs
The Federation Account Allocation Committee (FAAC) has shared a total sum of N786.161 billion May 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued at the end of the…
NGX commends Coronation Group’s regulatory recognition
Nigerian Exchange Limited (NGX) has commended the Board and Management of Coronation Group Limited’s recent regulatory recognition and added that this is a start of another exciting chapter for the barometer of Nigeria’s economy- the capital market. Its Chief Executive…
Ecobank explains New CBN FX Policy on Domiciliary Accounts
Pan African financial giant, Ecobank has given fresh insights to its customers on the imports of recent policy directives bordering on foreign exchange as given by the Central bank of Nigeria (CBN). In an email to all customers, the said…
Heirs Towers: Name of contractor means nothing to structural defects—Expert
Many building experts have continued to look at the findings of the Lagos State Building Control Agency (LASBCA), that the Heirs Towers on Victoria Island was exhibiting structural defect. Business Hilights recalls that the eagle-eyed Lagos agency through its General…
‘Ignore viral fake social media new on Heritage Bank’
Leading financial giant, Heritage Bank has come out to deny reports in some sections of the media alleging that some humongous amount of money was diverted from the bank’s account. A number of media outlets have in the last few…
DSS searches Emefiele’s Lagos House, recover 18 big bags of money, document
About 18 (Ghana-must-go) bags containing money and documents have been carted away by operatives of the Department of State Services (DSS) from the residence of the suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, Nigerian Tribune has…
(Special Report) Learn how Diaspora Nigerians redefined currency exchange
Fresh findings show that most Nigerians living abroad send money home without transferring foreign currency. Many Nigerians who live in foreign cities, states or provinces (London, Calgary, California, etc) belong to WhatsApp or Telegram groups. When Mr A needs ₦5…
Meet Uwajumogu, Tinubu’s SA Industry, Trade & Investment
Strong facts and figures have started emerging to confirm President Bola Tinubu’s stand on building an administration based on teamship which he asserted during his chat at Chatham House in London before the presidential election. On building a team of…
CBN makes operational changes in forex market
The Central Bank of Nigeria (CBN) wishes to inform all authorized dealers and the general public of the following immediate changes to operations in the Nigerian Foreign Exchange (FX) Market: Abolishment of segmentation_ All segments are now collapsed into the…
