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1 month ago | 
thisdaylive.com | Nume Ekeghe |Ima Ekanem |Kayode Tokede
Kayode Tokede Fidelity Bank Plc yesterday clarified the recent purchase of an additional 18,000,000 units of its shares at N20.35 each by its Managing Director/Chief Executive Officer, Mrs. Nneka Onyeali-Ikpe. The shares were purchased in a transaction on May 19, on the Nigerian Exchange Limited (NGX). In November 2024, Onyeali-Ikpe, had increased her stake in the bank by acquiring an additional 10 million shares, valued at N157.9 million.
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1 month ago | 
thisdaylive.com | Adeyinka Salami |Ndubuisi Francis |Nume Ekeghe
•Says decline in crude oil prices pose new challenges for budget implementation James Emejo in Abuja and Nume Ekeghe in LagosThe Central Bank of Nigeria (CBN) yesterday resolved to leave the monetary policy parameters, including the Monetary Policy Rate (MPR), the benchmark interest rate, unchanged at current levels.
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1 month ago | 
allafrica.com | Ndubuisi Francis |Nume Ekeghe
The World Bank has called for the complete transfer of revenue gains from the total removal of fuel subsidy into the Federation Account. It said despite the full subsidy removal in October 2024, Nigerian National Petroleum Company Limited (NNPCL) started transferring the revenue gains to the federation only in January 2025.
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1 month ago | 
thisdaylive.com | Hammed Shittu |Nume Ekeghe |Ndubuisi Francis |Francis Sardauna
•Says 2025 budget has overly ambitious revenue assumptions•$1tn economy only possible if economy grows five times faster•Calls for sustenance of reforms •Edun, Cardoso, Bagudu upbeat about economic trajectoryNdubuisi Francis in Abuja and Nume Ekeghe in LagosThe World Bank has called for the complete transfer of revenue gains from the total removal of fuel subsidy into the Federation Account.
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1 month ago | 
thisdaylive.com | Nume Ekeghe |Ndubuisi Francis |Deji Elumoye
Ndubuisi Francis in Abuja The Ministry of Finance Incorporated (MOFI) yesterday signed a Memorandum of Understanding (MoU) with Shelter Afrique Development Bank (ShafDB) to kick-start an international commitment to strengthening Nigeria’s housing sector through the N1 trillion multi-tranche MOFI Real Estate Investment Fund (MREIF) The MoU signing event was the icing on the cake for the MREIF programme which has already disbursed 100 mortgages since the cqpital raising of an initial N250...
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1 month ago | 
thisdaylive.com | Nume Ekeghe |Ndubuisi Francis |Francis Sardauna
Hammed Shittu in IlorinThe Kwara State Government yesterday hinted that arrangement has been finalised to secure over $85.4m grant from the World Bank to bring more dividends of democracy to the doorsteps of the rural populace in the state. The state commissioner for Finance, Dr. Awwal Nuru dropped the hint in Ilorin during the first quarter 2025 inter ministerial press briefing organised by the State Ministry of Communications.
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2 months ago | 
thisdaylive.com | Adeyinka Salami |Ndubuisi Francis |Nume Ekeghe
•Claims less than 10% of SME loans go to women despite recording 95% repaymentSunday Aborisade in AbujaNotable female entrepreneurs have launched a campaign seeking equitable funding for businesses owned by women. Tagged, ‘WEEwantMore,’ the campaign was aimed at drawing the attention of the Central Bank of Nigeria (CBN) and other financial institutions to the various bottlenecks creating series of barriers to funding women-owned businesses in Nigeria.
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2 months ago | 
thisdaylive.com | Ndubuisi Francis |Nume Ekeghe |James Emejo
•Firm promises to catalyse funding to SMEs, othersJames Emejo in AbujaCentral Bank of Nigeria (CBN) approved the application of Ascensia Finance Company Limited to operate as a finance company in the country. The final approval was conveyed in a letter dated April 10, 2025, and signed by Dr. Abubakar Shebe, on behalf of CBN Director, Financial Policy and Regulation Department.
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2 months ago | 
thisdaylive.com | Michael Olugbode |Nume Ekeghe |James Emejo
•Seek to prioritise cost optimisation, service innovationJames Emejo in AbujaShareholders of Transcorp Hotels Plc, yesterday, okayed the sum of N7.57 billion as dividend for the 2024 financial year. The board had proposed a final dividend of 64 kobo per share or N6.56 billion for the period under reviews. In addition, an interim dividend of 10 kobo per ordinary share, paid at half-year, brought the full dividend to N7.57 billion or 74 kobo per share.
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2 months ago | 
thisdaylive.com | Nume Ekeghe |James Emejo
•Sees new Investment Act as stimulant to economic growthNdubuisi Francis in AbujaNigerian banks have so far raised N2.4 trillion through the capital market in the ongoing recapitalisation of the banking sector directed by the Central Bank of Nigeria (CBN). Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, disclosed this in an interview in Abuja.
