The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has said the success of African Continental Free Trade Area (AfCFTA) will rely heavily on the financial services industry’s...
In today’s trading session, equities market maintained an uptrend as the benchmark index appreciated 210bps to close at 36,239.62 points due to gains in AIRTELAF (+10.0%), DANGCEM (+2.6%) and...
The domestic equities market continued its bullish run, gaining 76bps as the All Share Index closed at 35,493.15 points while YTD return improved to 32.2% and...
Some tax payers within the North West Zone, comprising the states of Kaduna, Kebbi, Kano, Katsina, Jigawa, Sokoto and Kano have availed themselves of the service...
The Central Bank of Nigeria (CBN) has distance itself from Azimo and Transfer wise warning that they are not registered or approved by it to do...
The sum of $1.46 billion capital came into the Nigerian economy in the third quarter of 2020 (Q3 2020), as against $1.29 billion received in the...
Eight Nigeria banks have been accredited to by Afrexim bank on its expanded trade finance initiative. The banks are Access, FCMB, Fidelity, First Bank, Sterling, Union...
Today, the equities market recorded gains due to buying interest in DANGCEM (+3.7%), ZENITH (+4.0%) and WAPCO (+7.1%) and as a result, the benchmark index appreciated 110bps to 34,225.22 points. Hence,...
MUFG and African Export-Import Bank (Afreximbank) have closed a ground-breaking $520 million facility, the first to be covered by Nippon Export and Investment Insurance (NEXI). NEXI’s...
Last week, the domestic equities market performed negatively as investors took profit in DANGCEM (-10.7%), WAPCO (-10.7%) and ZENITH (-3.6%). Consequently, the NSE All-Share Index closed in the...
International Monetary Fund has asked the Central Bank of Nigeria to reconsider its deposit to loan ratio to avoid a banking crisis. In its article IV...
In the penultimate trading session for the week, the local equities market declined, extending yesterday’s loss as ZENITH (-6.2%), WAPCO (-10.0%) and FBNH (-10.0%) closed in the...
Managing Director, Ecobank Nigeria, Patrick Akinwuntan has said the biggest growth opportunities in digital financial inclusion lies in the ability to combine the mobile phone, cards...
By Tobias Adrian, Gita Gopinath, and Ceyla Pazarbasioglu In a continuous effort to help countries manage volatile cross-border capital flows, the IMF has taken a major step...
At the close of trade, the domestic equities market fell marginally by 4bps to close at 35,029.82 points due to sell-offs in FBNH (-0.7%), UBA (-0.6%) and ARDOVA (-8.7%). Consequently, investors...