Conoil Shareholders Approve N1.39bn Dividend Payment
Shareholders of Conoil Plc have approved the payment of N1.39 billion dividend, amounting to 200 kobo on every 50 kobo ordinary share for the year 2019. The Shareholders gave the approval during…
CBN To Sanction Exports Without Export Proceeds Number
The Central Bank of Nigeria, CBN, has threatened to sanction exporters who ship out goods without Nigerian Export Proceeds (NXP) numbers. Governor of CBN, Godwin Emefiele, disclosed this during a virtual…
Union Bank Gets $40m IFC Facility To Boost Trade
By Our Correspondent Union Bank has received a $40 million Finance Guaratee Facility from the Internationak Finance Corporation, IFC, to boost access to finance for local businesses. The Bank in…
SIFAX Group Opens New Terminal To Facilitate Trade
By Our Correspondent SIFAX Group, one of Nigeria’s foremost conglomerate with investments in Maritime, Oil & Gas, Logistics, Aviation, Hospitality and Financial Services sectors, on Wednesday in an effort…
Permanent Secretary Commends Shippers Council’s Initiatives To Facilitate Trade
The newly-appointed Permanent Secretary, Ministry of Transportation, Dr. Magdalene Ajani has commended the Nigerian Shippers Council (NSC) for its promotion of the establishment of Vehicle Transit Areas (VTA) amongst other…
NEPC Calls For Formalisation Of Informal Cross Border Trade
The Nigerian Exports Promotion Council (NEPC) has made a case for formalization of the Informal Cross Border Trade (ICBT) in the country. Mr Olusegun Awolowo, NEPC Chief Executive Officer, said this…
FG Engages Heritage Bank, 5 Others To Open 774, 000 SPW Beneficiaries’ Accounts
By Our Correspondent Following its commitments to teeming entrepreneurs and youths’ empowerment, Heritage Bank Plc, Nigeria’s Most Innovative Banking Service providers has been engaged by the Federal Government to commence…
Fitch Revises Nigeria’s Outlook To ,’Stable’ Says Level Of Uncertainty Decreasing
Fitch, a foremost global credit rating agency has revised the outlook on Nigeria’s long-term foreign currency issuer default rating, IDR to ‘stable’ from negative and affirmed the IDT at ‘B’.…
Buhari Seeks NASS Approval To Reimburse Five States With N148.13bn
The Senate on Tuesday, received a request from President Muhammadu Buhari to approve the sum of N148,141,969,161.24, as promissory notes to five states for Federal Road projects executed by the…
Access Bank Announces Strategic Business, Transactions Update To Actualise ‘Africa’s Gateway To The World’ Vision
Access Bank Plc on Monday announced that it has received the Central Bank of Nigeria’s Approval-in-Principle for restructuring to a holding company (“HoldCo”). According to the Lender the proposed HoldCo…