Browsing Category
Banking
Softbank Fall Steepens After Report That Chinese Regulators Have Asked Didi To…
Shares of SoftBank extended their losses on Friday after Bloomberg reported that Chinese regulators have asked…
EFCC Traces Most Bank Frauds To One Set Of Bankers
The EFCC declared in Abuja on Wednesday that most frauds in the banking sector were perpetrated by insider…
Ecobank Warns Prospective Buyer Of Honeywell Flour LTD Says Company Facing Winding…
Consequent upon media reports on the move by Flour Mills Nigeria PLC to acquire 71.69 percent of Honeywell Group…
First Bank Too Big To Be Owned By One Person — CBN
The Central Bank of Nigeria (CBN) has said that it would be guided by the decision of the Securities and Exchange…
BREAKING: CBN Retains Lending Rate At 11.5%
The Monetary Policy Committee of the Central Bank of Nigeria has left the Monetary Policy Rate unchanged at 11.5…
Citigroup To Create 100 Roles In Digital Asset Push
Citigroup is looking to create 100 roles focused on digital assets including blockchain and digital currencies at…
Seven Banks Rake In N403.6bn From Fees, Commissions
Seven deposit money banks in Nigeria generated the sum of N403.6bn in nine months from fees and commissions, 24.7…
Net Forex Inflow Rose To $2.77bn July, Says CBN
The net foreign exchange inflow into the Nigerian economy rose slightly to $2.77bn in July from $2.27bn in June,…
CBN Orders Farmers To Insure ACGSF Loans
The Central Bank of Nigeria has said farmers must have an insurance cover for loans to be disbursed to them under…
Low Transparency May Hamper Debt Restructuring, World Bank Warns
Limited transparency will delay critical debt reconciliation and restructuring of the poorest countries, the World…
Investors Lose N33bn, Banking, Industrial Stocks Decline
Stock investors in the Nigerian Exchange Limited recorded a loss of N33.36bn at the end of trading on Thursday as…
Germany’s $9 Billion Digital Bank N26 To Withdraw From The U.S.
German digital bank N26 is shutting down its U.S. operations, less than two-and-a-half years after it launched in…
VAT Declines As FG, States, LGs Share N672bn
The Federal Government, 36 states of the federation and the 774 local government areas of the country shared the…
ENaira May Reduce Deposits In Commercial Banks, IMF Warns CBN
The International Monetary Fund has said the eNaira wallet may function as a deposit at the Central Bank of Nigeria…
U.S. States File Updated Antitrust Complaint Against Alphabet’s Google
A group of U.S. states led by Texas have filed an amended complaint against Alphabet Inc's Google accusing the…
Keystone Bank Denies Reports On Its Meeting With Reps Committee On Recovery
Keystone Bank Limited has said that reports in some sections of the online media on its meeting with the House of…
Four Banks Borrow $6.21bn From Foreign Market Amid Dollar Shortage
In a bid to support their balance sheets with foreign exchange, four banks in the country raised $6.21bn from…
Naira Gains In Parallel Market On Rising Dollar Availability
Nigeria’s naira rebounded in the illegal market as the central bank boosted sales of dollars through commercial…
ENaira Downloaded Over 566,000 Times From 160 Countries – CBN
The Central Bank of Nigeria said on Friday that the eNaira wallet has been downloaded over 488,000 times from over…
UBA’s $300 Million Eurobond Oversubscribed
Amid global and domestic challenges, the United Bank for Africa Plc’s (UBA) $300 million Eurobond attracted 1.7…
Naira Appreciates Further, Trades N530 A Dollar At Parallel Market
The naira has appreciated further against the dollar at the parallel market on Thursday to trade at N530 per…
150,000 Farmers To Benefit As CBN flags Off Wheat Production Programme
The Central Bank of Nigeria (CBN) has flagged off the Nigerian Brown Revolution, an intervention programme to boost…
World Bank Demands Debt Transparency, Says Nigeria, Others Need $429bn
The World Bank has demanded debt transparency as a crucial step in countries’ development process, while it…
Naira Gains 3.6% To Trade N540/$1 At Parallel Market
The Nigerian naira has appreciated by 3.6% to N540/$1 at the parallel market — almost four months after the Central…
Visa, Kuda Partner To Issue Physical, Virtual Cards
Kuda Technologies says it has partnered Visa, a leading global digital payment company, to offer digital and…
Five Dealer Managers To Handle UBA Dollar-Denominated Bond
United Bank for Africa Plc has contracted five dealer managers to administer its five-year fixed rate benchmark…
E-Naira Complete N46.3Million Transactions Since Launching
The eNaira, Africa’s first digital currency, successfully completed N46.3 million worth of transactions in less…
Jaiz Bank Recorded N3.3 Billion Q3 Profit Before Tax
Jaiz Bank Plc has declared a N3.3 billion profit before tax of N3.3 billion in the third quarter of this year.…
Nigeria: Private Sector Credit Hit N33.8 Trillion
Nigeria’s credit to the private sector ballooned to another all-time high of N33.8 trillion as of September 2021.…
SoftBank Shares Rise Above 10%
SoftBank Group Corp shares jumped 10% on Tuesday, the first trading session after the Japanese conglomerate said it…