ShareBy Aluta News Aug 4, 2021 Director-General, Small and Medium Enterprises Development Agency (SMEDAN), Dr Dikko Umaru-Radda, on Tuesday said the sub-sector had provided over 41 million businesses and 59 million employment opportunities in Nigeria. Umaru-Radda said this at the opening ceremony of 2021 Micro, Small and Medium Enterprises (MSMEs)Continue Reading
ShareBy Aluta News Aug 3, 2021 Ride-hailing and mobility platform, Bolt, says it has raised €600 million in a funding round for the expansion of its existing mobility and delivery products worldwide. Markus Villig, Bolt Chief Executive Officer, said in a statement in Lagos on Tuesday that the company’s missionContinue Reading
ShareBy Aluta News Aug 2, 2021 In compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks in Abuja have set up dedicated teller points for FX transactions in their branches. The News Agency of Nigeria (NAN) recalls that the CBN had lastContinue Reading
ShareBy Aluta News July 30, 2021 Unity Bank Plc has announced gross earnings of N23.6 billion for the six months ended June 30, representing an increase of four per cent. The bank said this in its unaudited financials submitted to the Nigerian Exchange Limited on Friday. The gross earnings wasContinue Reading
ShareBy Aluta News July 29, 2021 The Central Bank of Nigeria (CBN) on Thursday says it will start immediate refund of capital deposit to Bureaux de Change (BDC) promoters with pending applications. According to a circular signed by Ibrahim Tukur for the Director, Financial Policy and Regulation Department of theContinue Reading
ShareBy Aluta News July 29, 2021 The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of Foreign Exchange (forex) to Nigerians. The News Agency of Nigeria (NAN) reports that the directive was sequel to CBN’s decisionContinue Reading
ShareBy Aluta News July 28, 2021 A Financial Expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to be cautious of its recent “blanket’’ ban placed on Bureau de Change (BDC) operators from foreign exchange (forex) trading. Unegbu, a past President of the Chattered Institute of BankersContinue Reading
ShareBy Aluta News July 19, 2021 Mr Julian Hammond, Director, Aurelia Mining Limited, based in the United Kingdom (UK), says the company will invest 100 million U.S. dollars in Gold mining in Nigeria. Hammond made this known when he led a delegation on a courtesy visit to the Minister ofContinue Reading
ShareBy Aluta News July 15, 2021 The Nigeria Export Processing Zones Authority (NEPZA) said it would deploy the Special Economic Zone (SEZ) Scheme to revolutionise the Sokoto State economic space. Prof. Adesoji Adesugba, NEPZA’s Managing Director, made the remark while receiving the Certificate-of-Occupancy of 503.8 hectares of land for theContinue Reading
ShareBy Aluta News July 9, 2021 The Central of Nigeria (CBN) has released the Guidelines for the Licensing and Regulation of Payment Service Banks (PSBs) in Nigeria. Information obtained in the apex bank’s website indicated that the guidelines was first issued in 2018 and revised in 2020. It stated thatContinue Reading
