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...
Nigeria’s total foreign trade for the third quarter of 2020 rose by 33.77% to stand at N8.4 trillion compared to N6.24 trillion recorded in the second...
By Jennifer Elliott and Nigel Jenkinson Many of us take for granted the ability to withdraw money from our bank account, wire it to family in...
Federal, State and Local Government shared a total of N682bn in October 2020 according tom data published by National Bureau of Statistics on its website. As...
Gtbank’s planned Holding company structure has received the backing of its shareholders The shareholders are excited about the benefits they would get from the new structure....