Tag: Business
CBN Launches The MFB Application Online And Digitises Licences
CBN Licensing, Approval and Other Requests Portal (CBN LARP) is a new online platform that the Central Bank of Nigeria (CBN) has launched for the submission of microfinance bank (MFB) license applications. Isa AbdulMumin, the CBN’s Director of Corporate Communications,
NUPCPS Works To Promote The Well-Being Of Retirees And Workers
The Nigerian Union of Pensioners Contributory Pension Scheme (NUPCPS) has urged the federal government to promote the social welfare of retirees and workers in order to foster economic growth. This was the group’s presentation at the eighth annual National Conference
MTN Receives Extra 2.6ghz Spectrum To Enhance Services
The Nigerian Communications Commission (NCC) has authorized the technology company MTN Nigeria Communications Plc to purchase 2.6GHz spectrum. According to a statement released by MTN yesterday and posted on the Nigerian Stock Exchange, the license for the 2.6GHz spectrum is
FSD Africa Pledges To Invest $19.5 Million In Financing Green Projects
The investing arm of FSD Africa, FSD Africa Investments (FSDAi), announced a $19.5 million commitment to assist infrastructure projects in Africa that are climate-aligned and climate-adaptive in order to advance the continent’s climate programs. The new commitment, which includes $12
FMDQ FX Market Turnover Reaches $445.6m In Five Days
FMDQ Securities Exchange reported a total turnover in its foreign exchange (FX) spot and derivatives markets sector of $445.58 million. The amount is down $105 million (19.2%) from the $551.48 million recorded for the week ending September 1, 2023. The
ABCON Requests CBN’s Assistance With The Switch To Digital
Association of Bureaux de Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to democratize and centralize the Bureau de change’s (BDCs) operational methods and encourage them in going digital as exchange rate volatility continues to
AfDB Will Provide Agricultural Businesses With Climate Change Insurance
The African Development Bank (AfDB) has launched the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA) to protect countries from severe weather catastrophes. Dr. Akinwumi Adesina, president of the AfDB, made this declaration in a statement posted on the bank’s
NGX Exhorts Banks To Adopt ESG For Increased Global Competitiveness
NGX Regulation Limited (NGX RegCo) Chief Executive Officer Tinuade Awe has stated that Nigerian banks must quickly incorporate environmental, social, and governance (ESG) principles into their business model in light of Nigeria’s commitment to adopt the International Sustainability Standards Board
Ngozi Okonjo-Iweala Urges Multilateral Cooperation And Open Trade
Dr. Ngozi Okonjo-Iweala, Director General of the World Trade Organization (WTO), asserted that moving away from open trade will only result in more price volatility, inflationary pressures, and generally worse growth prospects. She claimed that predictable trade is a source
Oyo State Govt Seals Commercial Banks, Telecoms
The Oyo State government has blocked off some commercial banks and phone masts near the city of Ibadan. During an enforcement tour of the city of Ibadan, the Enforcement team of the Ministry of Lands, Housing, and Urban Development, led