The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as of the end of 2024, reflecting...
Six banks in the country have posted N3.41 trillion as profit after tax for 2024 ended against the N2.1 trillion recorded in the 2023 financial year....
The World Bank is to approve two loans of $632 million to Nigeria for nutritional improvement and quality basic education enhancement. The World Bank posted this...
In a significant milestone for Nigeria’s banking sector, women now constitute 35% of the Central Bank of Nigeria’s (CBN) directors and half of its Non-Executive Board,...
Zenith Bank Plc has posted N1.3 trillion profit before tax in its 2024 financial year that was presented to the Nigerian Exchange (NGX). According to the...
Debt Management Office has raised N1.09 trillion through the last six series of Sukuk bonds issued for capital projects nationwide on behalf of the federal government....
United Bank for Africa (UBA) Plc grew profit its by 26.14% year on year to N766.568 billion in 2024 from a total amount of N607.696 billion...
Nigerian deposit money banks accessed more than N9 trillion to fund operations as the liquidity shortage bit last week. The financial system came under liquidity pressures...
Central Bank of Nigeria (CBN) is set to open Treasury bills worth N700 billion to investors for subscriptions at the primary market auction scheduled for Wednesday....
Africa’s leading payments technology company, Flutterwave, is now enabling digital tax collections for the Federal Inland Revenue Service (FIRS), making it one of the few fintechs...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the Federation Accounts Allocation Committee (FAAC) disbursed an unprecedented N15.26 trillion to the federal, state, and...
The CEO of MTN Group has said that the worst should be over for the company as its Nigeria unit recovers, after a Naira devaluation pushed...
The National Insurance Commission (NAICOM) welcomes the passage of the Insurance Reform Bill by the Federal House of Representatives. This follows the passage of the Bill...
Africa Finance Corporation said it is accelerating efforts to mobilise the continent’s own money for investments, and tapping investors in the Middle East and Asia, as...
The National Insurance Commission (NAICOM) has taken another step to strengthen the insurance industry in Nigeria by issuing a license to CHI Life Assurance Limited. The...