Business

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 […]

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

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

By Eyo Nsima Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited half year financial results for the half year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators. The pan African financial institution delivered a 33.4 per cent appreciation in its profit before