India’s foreign exchange reserves rose for a fifth straight week to hit a record high of $642.63 billion as of March 22, data from the central...
Access Holdings Plc, one of Africa’s leading financial groups, has unveiled plans to establish a Capital Raising Programme of up to US$1,500,000,000.00 (One Billion, Five Hundred...
African Export-Import Bank (Afreximbank) has partnered with Sterling Bank to introduce the innovative supply chain finance product ‘Payables Finance’, in Nigeria. This product, branded as ‘Afreximbank Tradelink,’...
Central Bank of Nigeria has set a new minimum capital requirements for Nigeria banks. According to CBN the new minimum capital base for commercial banks with...
Nigeria equity market nudged higher as the benchmark index rose by 0.27% to close at 104,562.06 points. Renewed interest in MTNN (+0.91%), alongside sustained interest in tier 1 banking tickers GTCO (+0.96%),...
The World Bank Group today published sought-after proprietary statistics that reveal the credit risk profile of private and public sector investments in emerging markets. Making this...
Access Holdings Plc (“The Group”) has announced its audited Consolidated and Separate Financial Statements for the year ended December 31, 2023. In the year under review,...
The African Export-Import Bank (Afreximbank) has announced the successful completion of a first-of-its-kind India-focussed club deal for US$282.00 million. Initiated for the exclusive participation of Indian lenders,...
A Nigerian lawyer T.J. Krukrubo, SAN, has withdrawn his legal representation of a fleeing Binance Executive, Nadeem Anjarwalla. The lawyer filed the latter’s fundamental rights case against...
Recovering from the previous session’s loss, the Lagos bourse posted gains as the benchmark index rose by 0.32% to close at 104,283.64 points. Sustained interest in GTCO (+5.69%),...
Internet crime cost Americans $12.5 billion in 2023. According to a report published Wednesday by the Treasury Department U.S. banks are struggling to keep up with...
Central Bank of Nigeria (CBN) at the end of its 294th monetary policy meeting further raised the MPR by 200bps to 24.75% and tweaked the asymmetric...
The bears sustained the run on the domestic bourse as the benchmark Index slipped 0.18% to settle at 103,952.47 points. Selloffs of MTNN (-1.70%), FBNH (-3.57%) and ACCESSCORP (-2.12%) outweighed gains in GTCO...
Cassa Depositi e Prestiti S.p.A (CDP) Italy, the official Italian financial institution for international development cooperation and Africa Export-Import Bank (Afreximbank) have signed a new financing...
Opening the week, the local bourse nudged slightly lower as the benchmark Index shed 0.49% to settle at 104,136.35 points. Selloffs of Tier-1 banks, GTCO (-0.92%), FBNH (-2.07%) and ZENITHBANK (-1.13%)...