Insecurity and lingering foreign exchange crisis have forced the capital importation into Nigeria to decline further by 23 per cent, findings by The PUNCH have shown
Capital Importation measures the aggregate of foreign investments into an economic entity within a given period. It is divided into portfolio investments, other investments and Foreign Direct Investments.
According to data collated…
Leadway Assurance has signed a Memorandum of Understanding with the Federal Civil Service Staff of Nigeria Cooperative Society Union to provide over 300,000 civil servants with affordable bespoke insurance coverage.
The insurer disclosed in a statement that the MoU between…
Currency in circulation fell by N107.08bn from N3.35tn in April to N3.24tn in July, latest figures on currency from the Central Bank of Nigeria has revealed.
According to the CBN, the CIC which stood at N3.33tn in May fell to N3.25tn in June.
The CBN recently warned Deposit…
The International Organisation of Securities Commissions (IOSCO) has underscored the importance of investors education in protecting them from possible risks in sustainable finance investments.
IOSCO – the global body of securities markets’ regulators – has published a report that identified recent developments in investor education on sustainable finance, to enhance investor education and…
Chelsea have sacked Manager Thomas Tuchel after a shock loss to Dynamo Zagreb on Tuesday in the opening Champion League group game.
A statement by the coach on its website on Wednesday morning reads:
“On behalf of everyone at Chelsea FC, the Club would like to place…
Nigeria’s Pension fund assets rose to N14.36 trillion in July, this year, from N14.267 trillion the previous month.
This represent N100 billion or 0.7 percentage growth in one month.
This was made by in the National Pension Commission (PenCom) Pension Funds Industry…
UBA foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced the commencement of its National Essay Competition (NEC). The Foundation also called call for entries for this year’s edition.
In a statement yesterday, the Foundation said yearly NEC competition, is part of UBA Foundation’s education initiative which is aimed at promoting literacy…
Twenty-three startups out of the 60 shortlisted in Africa for $4 million funding by Google are Nigerian firms.
The ”equity-free cash” comes under the tech giant’s funding scheme called Google Black Founders Fund (BFF) for startup tech firms in African…
Customers accessed loans worth N3.38tn at single-digit interest rates under the Central Bank of Nigeria’s intervention funds as of the end of June.
A member of the Monetary Policy Committee meeting, Aliyu Sanusi, disclosed this in his personal statement at the last MPC…
The Federal Government, on Thursday, presented certificates of registration and sales permit to authorised fertiliser dealers in Nigeria.
It stated that based on the registration and permits, non-licensed operators were not allowed to produce, blend, import, market or distribute fertilisers across the country.
The Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Ernest…
