Category: News

CBN liquidity mop up to persist as N170bn hits interbank

•Investors inject $727m in I&E window By Babajide Komolafe Efforts by the Central Bank of Nigeria (CBN) to mop up idle cash (liquidity) is expected to persist this week, even as N170 billion inflow hit  the interbank money market. Last week, in addition to the regular treasury bills (TB) issue, the CBN issued special TBs 

CIIN targets additional 3,000 members

By Rosemary Onuoha President of the Chartered Insurance Institute of Nigerian (CIIN), Mrs. Funmi Babington-Ashaye has said that the Institute is on a drive to achieve an additional 3,000 members within the next one year. Ashaye, who disclosed this at a media parley in Lagos, said that the institute is presently made up of 8,976

Q3’17: 22 manufacturing companies borrow N839.2bn

Pay N108.3bn as interest to banks Dangote, Lafarge Wapco, Flour Mills lead borrowers’ list By Peter Egwuatu Amidst the country’s economic recovery phase and inability to raise long term capital from the Nigerian capital market, top 22 manufacturing companies listed across the sub sectors on the Nigerian Stock Exchange, NSE were constrained to borrow about

Mix of profit takings, bargain hunting to trail equities market

… Analysts list Unilever, Dangote Sugar, Access Bank as stock to watch By Peter Egwuatu Following the bullish market witnessed last week in the Nigerian equities market, financial analysts have predicted that a mixed of profit takings and bargain hunting by investors will characterise the market this week. To this extent, analysts at Cowry Assets

Fund transfer: Between NIP and NEFT

By Elizabeth Adegbesan THERE are different types of funds transfer services and it is important for bank customers to understand the differences and implications. Fund transfer is when you send  money to person or persons from your bank account using a transfer channel. You can transfer funds to people living within and outside the country

NDIC calls for restoration of banking services in North East

  The Nigeria Deposit Insurance Corporation (NDIC) has called for restoration of banking services to the North Eastern zone of the country. Managing Director/Chief Chief Executive, NDIC Alhaji   Umaru Ibrahim     made this call in Kano at   the corporation’s annual workshop for Business Editors and Finance   Correspondents   Association of Nigeria, tagged: “The role of Nigerian

Fidelity Bank partners Africa’s Young Entrepreneurs on youth empowerment

Fidelity Bank Plc. is partnering with Africa’s Young Entrepreneurs (A.Y.E) to empower entrepreneurs in Nigeria. The partnership agreement between both organizations, signed recently, will strengthen the on-going efforts and initiatives of A.Y.E in developing and supporting future business leaders. It will also afford Fidelity Bank the opportunity to offer financial and technical advisory services to

BOI tasks women entrepreneurs to employ more people

By Franklin Alli The Bank of Industry, BOI, has challenged women entrepreneurs in the country to take advantage of its funding windows to improve their businesses and create more employment. The General Manager, BOI, Joseph Babatunde made the call during the bank’s gender business group customers’ forum held in Lagos. He noted that there are

First Bank: Revised investment forecast put to test

By Emeka Anaeto, Business Editor Despite the bullish investor sentiment at the backdrop of upwards review of Target Price (TP) by investment analysts, it seems that a rebalancing in the pricing of the stock of First Bank of Nigeria (FBN) Holdings has begun. But not before the investors had reaped bountiful returns in price appreciations