After a brief respite in 2021, African banks endured another difficult year in 2022. Rising interest rates and the strength of the US dollar curtailed economic...
Ecobank Nigeria Limited says it will appeal a judgement by the Federal High Court in Lagos, presided over by Hon. Justice Liman, which delivered a judgment...
National Bureau of Statistics has said that Nigerian paid a tax of N13.80 billion from Electronic Money Transfer Levy (EMTL) in February 2023. This fact is...
Buacement has declared a final dividend of N2.8 per share as the Stock Market closed in the green and the NGX-ASI rose 1.3% due to price...
Britain’s export finance agency will add the Naira to its list of “pre-approved currencies” for financing transactions. This will enable the agency to provide financing for...
Opening the week, the local bourse rebounded by 0.60% to settle at 62,943.35 points. Investor interest in ZENITHBANK (+4.46%), GEREGU (+6.06%) and GTCO (+0.89%) were the primary...
Another High Court in Abuja has nullified the arrest, detention and interrogation of the Suspended Central Bank Governor (CBN), Godwin Emefiele, by the Department of State...
The Central Bank of Nigeria has revised itself and set new tenure limit for executive directors (ED). Deputy managing directors (DMD), and managing directors (MDs) of...
Customers of Guarantee Trust Bank have been locked out of their app for more than 24 hours after the lender upgraded its mobile banking app. GTB...
The Money Lenders Association (MLA) in Nigeria, has extolled efforts by Federal Government to sanitise the digital lending space via its move to delist any loan...
In the last trading session of the week, the domestic bourse succumbed to sell pressure as the All-Share Index declined by 0.29% to close at 62,569.73 points....
Access Bank Plc (Access) and Standard Chartered Bank have entered into agreements for the acquisition of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its...
President Bola Tinubu is seeking additional loan of $800 million from the World Bank for the National Social Safety Net Programme after paying off $500million Eurobond facility....
The bears continued to dominate the local equities market as the NGX All-Share Index succumbed to a second successive loss, falling by 2.03% to 62,748.94 points. Specifically,...
The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to pay the Naira equivalent of dollars received through Diaspora remittances to local...