Business

By Eyo Nsima The Securities and Exchange Commission (SEC) has approved NG Clearing Limited (NG Clearing) registration to perform the function of a Central Counterparty (CCP) from June 7, 2021. Speaking on the issuance of the license, the Chairman of NG Clearing, Mr. Oscar Onyema, said: “NG Clearing will deliver an unparalleled CCP experience for […]

  How CBN intervenes in textile, halt $4bn annual forex flight – CBN By Eyo Nsima   The Central Bank of Nigeria, CBN, has intervened in the Cotton, Textile, and Garment (CTG) industry in order to eliminate the nation’s yearly import bill of $4 billion in the sector. Speaking at the stakeholder meeting of the CTG

2021: FirstBank shines in Global Banking/Finance Awards First Bank of Nigeria, has won the 2021 ‘Retail Banking CEO of the Year Nigeria’; ‘Most innovative Retail Banking App Nigeria’ and ‘’Best CSR Bank Nigeria’’, according to Dr. Adesola Adeduntan, Chief Executive Officer, FirstBank.   In a statement obtained by The Daily, www.thedaily-ng.com, he stated: ‘’We are proud to be recognised with

The United Bank for Africa (UBA) Plc, is set to celebrate this year’s Africa Day in commemoration of African unity with the third edition of its annual UBA Africa Conversations, headlined by Africa’s international leaders that include the President of Rwanda, H.E Mr Paul Kagame; Mrs Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation(WTO); Dr

The African Union Development Agency NEPAD (AUDA-NEPAD) and the Ecobank Group its strategic partner on the development of the 100,000 Micro, Small and Medium Enterprises (MSMEs) Initiative, are set to launch the financing component as from 27 May 2021. AUDA-NEPAD launched the 100,000 MSMEs Programme to accelerate African economic transformation, provide the needed skills, and