Business

W/Bank mobilises $5.79bn private capital for Nigeria

W/Bank mobilises $5.79bn private capital for Nigeria

By Emma Ujah, Abuja Bureau Chief The World Bank Group has said it is helping to mobilise $5.79 billion in private capital for investment in Nigeria’s agriculture, telecommunications and micro, small and medium enterprises (MSMEs), in a major push to expand private-sector participation in the economy. The financing drive is being supported by policy reforms, […]
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Eurobond: Nigeria external reserves to hit 54 months high of $45bn

Eurobond: Nigeria external reserves to hit 54 months high of $45bn

Statutory allocation funds to lower cost of funds By Babajide Komolafe NIGERIA’s external reserves will  rise to 54 months high of $45 billion this month following the conclusion of federal government’s $2.5 billion Eurobond this week. The Eurobond, which commenced last week with the announcement of its pricing on Thursday, will be concluded on Friday. According […]

Understanding Dormant Bank Account

Understanding Dormant Bank Account

YOUR bank account becomes dormant if you don’t use it to perform any transaction for two years. Such transactions include withdrawal of cash at a branch or Automated Teller Machine (ATM), payment by cheque, transfer of funds through Internet banking, mobile banking or ATMs, receiving dividend on shares or the interest of your fixed deposit in your savings account.