Renewed Hope Budget: Tinubu accords security, job creation, poverty reduction, priority in N27.5tr Budget By maritimemag
Financial News AMCON takes over Jimoh Ibrahim’s NICON Insurance, Nigeria Reinsurance Corporation over N69 billion debt The Asset Management Corporation of Nigerian (AMCON) on Tuesday announced it has taken over NICON Insurance Limited and the Nigeria Reinsurance Corporation (Nigeria ... By maritimemagJuly 28, 20210
Economy CBN retains monetary policy rate The Central Bank of Nigeria has retained the monetary policy rate at 11.5 per cent, with the assymetric corridor of +100/-700 basis points ... By maritimemagJuly 28, 20210
Financial News CBN halts sale of $5.7 billion to bureaux de change The Central Bank y Nigeria(CBN) has halted the sale of foreign exchange to money changers to ease pressure on the nation’s currency, According ... By maritimemagJuly 28, 20210
Financial News Experts laud CBN financial discipline in power sector, decry poor Services Energy experts have described the financial discipline introduced by the Central Bank of Nigeria (CBN) in the electricity industry as a result-oriented and ... By maritimemagJune 6, 20210
Financial News Electronic payment transactions hit N356.47 trillion in Q4 — NBS A total volume of 3,464,811,083 transactions worth N356.47 trillion was recorded on electronic payment channels in the fourth quarter of 2020 (Q4 ... By maritimemagMay 3, 20210
Financial News CBN sacks all First bank directors, reinstates sacked Managing Director The Central Bank of Nigeria (CBN) has sacked all the directors of First Bank of Nigeria (FBN) Limited and First Bank of Nigeria ... By maritimemagApril 30, 20210
Financial News EFCC arrests 34 internet fraudsters in Ondo The operatives of the Economic and Financial Crimes Commission, (EFCC)Benin Zonal Office, through its intelligence gathering operation code-named ‘Erinle,‘ on Wednesday arrested 34 ... By maritimemagApril 30, 20210
Economy Maritime Bank will develop African economy – Amaechi Abiola Seun | Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi, has said that Nigeria would proceed with the Regional Maritime Development ... By maritimemagSeptember 16, 20201
Economy Nigeria’s foreign trade volume dips to N8.3tn Chinazor Megbolu The country’s total foreign trade volume has decreased to N8.3 trillion the National Bureau of Statistics (NBS) has said. The report ... By maritimemagJune 10, 20200
Cover Another $319 million Abacha loot in Britain, France The United States says there is separate $319m (N121bn) Abacha loot in the United Kingdom and France. In less than one week ... By maritimemagMay 8, 20200
Cover Buhari Approves 5 Banks for Coronavirus Donations Abiodun OBA President Muhammadu Buhari has approved the opening of #COVID-19 Donor Accounts in five commercial banks. The Director Information and Press, ... By maritimemagMay 7, 20200
Cover UNCTAD canvasses $3.4tn debt write-off for Nigeria, others The United Nations Conference on Trade and Development is calling for urgent measures to address the debt burden estimated at $3.4tn ... By maritimemagApril 25, 20200
Cover N50bn CBN loans to SMEs, others end 2024 The Central Bank of Nigeria’s intervention loans to Small and Medium Enterprises and households will exit December 31, 2024. The loans were aimed ... By maritimemagApril 25, 20200
Financial News PMB envisions turning current economic challenges into opportunities for the Nigerian people The Vice President, Professor ‘Yemi Osinbajo on Friday met with some Ministers to actualise the plan of turning the current economic challenges ... By maritimemagApril 25, 20200
Financial News FCMB CLOSES BRANCHES NATIONWIDE The First City Merchant Bank has closed its branches nationwide to its teeming customers. The bank in it a statement to customers, ... By maritimemagApril 1, 20200
Economy CBN stresses need to suspend cheque clearing instruments — suspends cheques clearing indefinitely The Central Bank of Nigeria on Monday said in view of the recent lockdown directive and in furtherance of its effort to ... By maritimemagMarch 31, 20200
