Wema Bank’s Hackaholics 5.0 finalists battle for N75m prize
Wema Bank, renowned for its innovation in banking and creator of Africa’s first fully digital bank, ALAT, has unveiled the…
Day: November 26, 2024
Expert Warns Against Further Tightening of Monetary Policy Rate
Economic expert Dr. Chijioke Ekechukwu has advised against further increases to Nigeria’s Monetary Policy Rate (MPR) ahead of the Central…
States failed to execute 40% of capital expenditure – Fitch
State governments in Nigeria fail to execute 40% of their capital expenditure (CAPEX) budgets, according to the Fitch Ratings report.…
Foreign Transactions Decline as Naira Weakens
Foreign investors are increasingly withdrawing from the Nigerian Exchange (NGX), with year-to-date foreign outflows reaching N400.04 billion by October 2024,…
Nigerian Capital Market Raises N2.7tn to Boost Economy in 2024
The Securities and Exchange Commission (SEC) announced that banks and other companies raised ₦2.7 trillion from the Nigerian capital market…
Dollar Climbs as Trump’s Tariff Threats Hammer European Stocks
The U.S. dollar surged on Tuesday, while European stocks suffered sharp declines. President-elect Donald Trump vowed to impose tariffs on…
Services and Oil Drive Nigeria’s Economic Growth to 3.46% in Q3 2024
Nigeria’s economy grew by 3.46% year-on-year in the third quarter of 2024, outperforming the 2.54% growth recorded in the same…
CBN extends BDCs’ recap deadline by six months
The Central Bank of Nigeria (CBN) has extended the recapitalization deadline for Bureau De Change (BDC) operators by six months,…
Mixed reactions trail moves to privatisee PH, Warri, Kaduna refineries
The Nigerian government has confirmed its plans to privatize the country’s four government-owned refineries in Port Harcourt, Warri, and Kaduna,…
FG lauds NLRC for contribution to nation’s growth
The Minister of Special Duties and Inter-governmental Affairs, Zephaniah Jisalo, praised the National Lottery Regulatory Commission (NLRC) for its impactful…
Liquidation of Heritage Bank Plc: Matters Arising (2)
The liquidation of Heritage Bank Plc and the transfer of its powers to the Nigeria Deposit Insurance Corporation (NDIC) under…
Keystone Bank Rewards Loyal Customers in ‘Welcome Back Campaign Promo
Keystone Bank, a prominent financial institution in Nigeria, recently concluded its “Welcome Back Campaign Promo,” an initiative designed to re-engage…
Investment banking hits major deals in 2024 –AIHN President
The Association of Issuing Houses of Nigeria (AIHN) recognized significant achievements in the investment banking sector during its annual Investment…
Stock Market Declines 0.21% on Profit-Taking in GTCO and 29 Other Stocks
The Nigerian Exchange Limited (NGX) All-Share Index fell by 0.21% at the start of the trading week, closing at 97,626.27…