Financial experts have raised concerns about the federal government’s proposed windfall tax on banks’ 2023 foreign exchange gains and its potential economic impact. They expressed divergent...
Monetary Policy Committee (MPC) of the CBN at the end of its 296th bi-monthly policy meeting has raised the benchmark policy rate (MPR) by 50bps to...
Central Bank of Nigeria (CBN) has said that there was a 39 per cent increase in foreign exchange inflows into the country through International Money Transfer...
Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to transfer funds in all dormant accounts to.the apex bank. A circular by...
The Debt Management Office (DMO) is offering three Federal Government of Nigeria (FGN) bonds valued at N300 billion for subscription at N1,000 per unit. According to...
Some London Stock Exchange services suffered disruptions on Friday amid a global IT outage that affected companies around the world. The LSE said securities trading was...
Nigeria’s central bank on Thursday sold the dollar at 1,450 Naira to retail exchange bureaux to prop up the currency, saying that distortions in the retail...
Publish What You Fund, the global campaign for aid and development transparency, has named the African Development Bank’s sovereign portfolio as the most transparent. The portfolio...
Banking system created about N30 trillion in new loans and advances to the private sector. Data from the Central Bank of Nigeria indicated that credit to...
The Banker in its 2024 review of Top 1000 Global Bank Ranking has said that “the long-anticipated but painful devaluation of the Nigerian Naira, following a...
Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, retaining the award for a fourth consecutive year....
Securities and Exchange Commission (SEC) has approved the commencement of the N351 billion rights issue capital raising programme of Access Holdings Plc. A statement Access on...
African Development Bank has appointed Dr Babatunde Samson Omotosho, an economist and statistician, as Director of the Statistics Department, effective June 16, 2024. Dr Omotosho, a Nigerian...
Nigeria has been chosen to host the newly formed Africa Energy Bank (AEB), its oil minister said on Thursday, as Africa’s top oil producer beat three...