April 12, 2017/The Will President Muhammadu Buhari on Wednesday forwarded the names of six persons to the Senate for confirmation as Non-Executive Directors of the Board of the Central Bank of Nigeria, CBN. According to a statement issued by the President’s Special Adviser on Media and Publicity, Femi Adesina, his principal acted […]
Updates
UK Regulator Recognizes Yielders as First sharia-compliant Fintech
Culled—Proshare April 12, 2017/Fintech Africa A London-based start-up laid claims to being the first shariah-compliant fintech to be given regulatory approval in the UK. Yielders, an equity-based crowdfunding platform for UK property investment, was given the green light by the Financial Conduct Authority (FCA) in early April. The move has […]
Promising Signs from the Refineries
Culled—Proshare April 12, 2017/FBNQuest Research The NNPC trimmed its operating deficit in January from N17.0bn to N14.3bn (US$47m). The improvement can be traced to a stronger performance by its Nigerian Petroleum Development Company and greater efficiencies achieved by its three refining companies. The target of consistent profitability in its budgets […]
