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FCMB Millionaire Promo Set to Reward 20 Customers Nationwide
First City Monument Bank has launched the 10th edition of its ‘Millionaire Promo,’ designed to reward and empower…
SEC Guarantees Safety Of Fintech Investors’ Funds
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to safeguarding investors’ funds,…
Experts Advocate Green Building For Sustainable Financing—Ecobank Expo
At the Ecobank Design and Build Expo in Lagos, industry leaders stressed the importance of adopting green building…
Nigeria’s insurance market’s premium hits N813.1b
Nigeria’s insurance industry achieved a significant milestone with Gross Premium Written (GPW) reaching N813.1…
Marketers Divided Over Advance Payment Policy by Dangote Refinery
Oil marketers in Nigeria have voiced differing opinions regarding a new policy by Dangote Refinery requiring…
FCCPC Engages GT Bank, MTN, Air Peace Over Possible Violation
The Federal Competition and Consumer Protection Commission (FCCPC) is set to address consumer complaints against…
Schneider Reiterates Commitment to Accelerate Data Centre Market
Schneider Electric has reaffirmed its dedication to expanding its presence in the data centre market across East…
CBN’s interest rate hike deflates stock market performance
The Nigerian Exchange Limited (NGX) closed last week on a negative note, reflecting the impact of the Central Bank…
NASD seeks compliance with SEC’s rule on trading unlisted securities
The NASD OTC Exchange has called on public limited companies to adhere to a Securities and Exchange Commission…
CBN Raises N11.29trn Via NTBs as 364-Day Yield Hit 23.5%
In 2024, the Central Bank of Nigeria (CBN) successfully raised N11.29 trillion through Nigerian Treasury Bills…
African countries pay 500% higher costs on global market debt – AfDB
African countries are enduring a 500% rise in debt servicing costs when borrowing from international markets,…
Equity market loses N185bn in one week
The Nigerian equity market experienced a decline of N185bn last week as the All-Share Index dropped by 0.33%,…
CBN Launches New User-Friendly Website to Boost Transparency
The Central Bank of Nigeria (CBN) has unveiled its newly redesigned website today, December 2, 2024. According to…
SEC flags Marino FX as illegal crypto exchange
The Securities and Exchange Commission (SEC) has discredited Marino FX Limited, a company falsely claiming to be…
Equities market dips as investor sentiment wanes
The Nigerian equities market closed on November cautiously, with the NGX All-Share Index (ASI) dipping by 0.33% to…
Innovative Financing Crucial to Africa’s Maritime Growth Says NIMASA DG
Dr. Dayo Mobereola, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), has…
Nigerian Stock Market Declines Amid Mixed Sentiments and Sectoral Divergences
The Nigerian Exchange (NGX) All-Share Index dipped by 0.33% in the week ending November 29, 2024, closing at…
Stanbic IBTC Bank Launches Senior Citizens Account for Nigerians Aged 50 and Above
Stanbic IBTC Bank has introduced the Senior Citizens Account, a specialized banking service tailored for Nigerians…
CBN hikes interest rate to 27.50% in fierce inflation fight
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by 25 basis points to 27.50%, marking…
Government to Support Research and Technology for Health Transformation
The Nigerian government has reaffirmed its commitment to advancing universal health coverage (UHC) by prioritizing…
SEC: No investor will lose funds to fintech
The Securities and Exchange Commission (SEC) has reassured investors about the safety of their investments as…
Ecobank boosts construction sector with Design & Build expo
Ecobank Nigeria has launched its five-day Build and Design Expo to promote innovation and creativity within…
Delta State’s Strategic Investment in UTM FLNG: A Game-Changer
Delta State's acquisition of an 8% stake in the UTM Floating Liquefied Natural Gas (FLNG) plant is being hailed as…
CBN Implements $100,000 Minimum Trade for Banks in FX Market
The Central Bank of Nigeria (CBN) has introduced new guidelines for interbank foreign exchange trading through the…
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…
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…
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…
Foreign Transactions Decline as Naira Weakens
Foreign investors are increasingly withdrawing from the Nigerian Exchange (NGX), with year-to-date foreign…
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…
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…