April 26, 2026
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SEC targets 25% of market capitalization from Islamic Capital Market by 2025

Leave a Comment / Business, The Nation /

The Securities and Exchange Commission (SEC) has started working with stakeholders to develop non-interest segment of the capital market, which is expected to contribute at least 25 per cent of the overall market capitalization by 2025. The Director General of the SEC, Mr. Lamido Yuguda stated this at the 2021 African International Conference on Islamic […]

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JUST IN: CBN tackles illegal foreign exchange operators, retains MPR at 11.5 %

CBN issues guidelines for 100 for 100 PPP

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By Eyo Nsima The Central Bank of Nigeria, CBN, has issued guidelines for the execution of 100 for 100 policy on production and productivity, PPP. In the guidelines obtained by The Daily, www.thedaily-ng.com, Philip Yila Yusuf Director, Development Finance Department, CBN, stated: “In an effort to stimulate the flow of credit to the real sector

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First Bank cautions customers against fraudsters

FirstBank opens automated self-service branch

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By Eyo Nsima First Bank of Nigeria Limited has opened a fully automated branch, called the FirstBank Digital Experience Centre. In a statement obtained by The Daily, https://thedaily-ng.com, the bank stated that the branch was provided to put customers at an advantage in carrying out various activities on their own without interacting with anyone. It

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JUST IN: CBN tackles illegal foreign exchange operators, retains MPR at 11.5 %

BREAKING: CBN introduces guidelines to regulate Anchor Borrowers’ Programme

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By Eyo Nsima The central Bank of Nigeria, CBN, has emerged with revised new guidelines to regulate the operation of Anchor Borrowers’ Programmes’, ABP, in Nigeria. In a document – Anchor Borrowers’ Programme (ABP) Guidelines – obtained by The Daily, www.thedaily-ng.com, CBN, stated: “The Central Bank of Nigeria (CBN), in line with its developmental functions

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PMI reaches 3-month high in October —Stanbic IBTC

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By Eyo Nsima The October 2021 economic data have indicated improvements in business conditions in Nigeria’s private sector with output, new orders and buying activity hitting the roofs. In its latest report, the Stanbic IBTC Bank Plc, stated that the headline Purchasing Managers’ Index, PMI, improved to 54.1 in October from 52.3 in September, indicating

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Investment announcements rise by 130% to $8.99bn in Q3 ’21

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By Eyo Nsima The Nigerian Investment Promotion Commission (NIPC) has tracked $8.99 billion investment announcements in the third quarter of 2021, with Lagos State, accounting for $7.29 billion or 81 percent of the total announcements during the period. According to NIPC, the investment announcements in Q3’21 was 130 percent higher than the $3.95 billion recorded

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European Investment Bank leverages EUR 95 million to finance Rwandan businesses, Partners Government of Rwanda to Finance National Health Referral Laboratory Project

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Bank of Kigali and KCB Bank Rwanda to provide new credit lines for Rwandan companies as part of EIB’s (www.EIB.org) financing; First regional financing under EIB East Africa COVID-19 Rapid Response Facility; Minimum of 30% of financing to target female economic empowerment; Government of Rwanda and EIB conclude the last milestone for the financing of

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FIRST BANK: Nnamdi Okonkwo becomes GMD as U.K. Eke steps aside

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By Eyo Nsima FBN Holdings Plc, the holding company of First Bank of Nigeria, has announced the appointment of Nnamdi Okonkwo as its new group managing director, GMD. According to Seyi Kosoko, the company secretary, who made the information public, Okonkwo is the former managing director/ chief executive officer (CEO) of Fidelity Bank of Nigeria

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Agriculture: Heifer to close income gap of 10 million households

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By Eyo Nsima Heifer international has concluded plans to empower 10 million households toward closing their income gaps. Speaking at the NES#27, Rufus Idris, Country Director for Heifer Nigeria, who spoke on, “Youth and Technology: The Future of Nigeria’s Agriculture” at the NES#27, said: “Heifer International is a global development organization on a mission to

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BREAKING: First Bank shares drop as Shareholders offload shares

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By Eyo Nsima The share price of FBN Holdings Plc dropped marginally Tuesday as many shareholders decided to sale in order to make brisk business following the emergence of Femi Otedola as the majority shareholder. Consequently, the share price fell by 1.20 percent to N12.40 per share from N12.55 the previous day, while volume traded

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