Online News Magazine
Online News Magazine
L-R: Representative of President of Federal Republic of Liberia and Vice-President, His Excellency Jeremiah Kpan Koung; Chairman of Heirs Holdings and Chairman UBA Group, Mr. Tony Elumelu, CFR, FCIB; Representative of President of Democratic Republic of Congo and Vice Prime Minister/Minister of the Economy, His Excellency, M. Daniel Mukoko Samba; rep of President and Commander-in-Chief […]
The Nigeria Deposit Insurance Corporation (NDIC), the Central Bank of Nigeria (CBN), the Bank of Industry (BoI), the United Bank for Africa, Access Holdings plc and a host of other banking and financial institutions have thrown their weight behind the 2024 conference of the Finance Correspondents Association of Nigeria (FICAN) featuring discussions on the ambitious […]
United Capital Trustees, a subsidiary of leading pan-African investment banking and financial services group, United Capital Group, is pleased to announce the appointment of Michael Abiodun Thomas as the new Managing Director/Chief Executive Officer. This appointment follows a rigorous approval process by the Securities and Exchange Commission (SEC). Michael Abiodun Thomas brings nearly two decades […]
L-R Head, Corporate Communications, Polaris Bank, Mr. Rasheed Bolarinwa; National Treasurer, CIBN, Dr. Peter Ashade, FCIB; GMD/CEO, United Capital Plc and Chairman Consultative Committee on 17 Annual Banking and Finance Conference, Mr. Oliver Alawuba, FCIB; President/Chairman of Council, Prof. Pius Deji Olanrewaju, Ph.D, FCIB; Registrar/CEO, Mr. Akin Morakinyo, FCIB; and Chairman, Media, Publicity & Stakeholders […]
United Capital Group, a leading pan-African investment banking and financial services institution, has successfully led the issuance of Sierra Leone’s first local currency corporate bond, valued at SLE32 million (approximately US$1.4 million). This historic milestone signifies a transformative moment for Sierra Leone’s capital market. Acting as the Financial Adviser, United Capital through its investment banking […]
The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553 million in July 2024, a 130 per cent increase from the corresponding period in 2023. This figure represents the highest monthly total inflows on record and reflects ongoing efforts by the CBN to enhance liquidity in Nigeria’s foreign exchange […]
Following the revocation of Heritage Bank’s banking license by the Central Bank of Nigeria (CBN) on June 3, 2024, the Nigeria Deposit Insurance Corporation (NDIC) was appointed as liquidator and the Corporation, in accordance with Section 12(2) of BOFIA 2020 and Section 55 subsections 1 & 2 of the NDIC Act 2023, immediately commenced the […]
The Central Bank of Nigeria (CBN) has said that it sold a cumulative amount of $148 million to authorised dealers in the Nigerian Foreign Exchange Market. According to the CBN acting Director, Corporate Communications Department, Hakama Sidi-Ali, the transactions were conducted on Monday and Tuesday to provide liquidity to the FX market. Ms Sidi-Ali, disclosed […]
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that Nigeria is about to raise bonds from diaspora Nigerians. The Minister said the federal government will issue the first dollar-denominated bonds targeting diaspora Nigerians as data shows that diaspora remittance has greatly improved in Nigeria, standing at about $297.4 million […]
The Federal Inland Revenue Service, FIRS has promised a robust tax system that is inconformity with the global best practices to revamp the nation’s economy in consonance with the Renewed Hope Agenda of President Bola Ahmed Tinubu The Agency’s unveiling of the National Single Window initiative has overtly supported economic growth, providing business enterprises with […]
