Browsing Category
Finance
Workers Gain Pathway to Homeownership Through Pension Mortgage Scheme
For many Nigerian workers, owning a home has been an elusive goal, hindered by low income, limited affordable!-->…
Access Bank Debunks Missing Funds Allegation Amid Naira Scarcity
Access Bank has categorically denied allegations of missing funds and unethical practices circulating on social!-->…
Bank of Industry Secures $5 Billion Funding for Nigeria’s Industrial Growth
The Bank of Industry (BoI) has raised over $5 billion in international funding, including €2 billion through a!-->…
NDIC Assures Heritage Bank Customers Their Deposits Are Secure
The Nigeria Deposit Insurance Corporation (NDIC) has reassured customers of the failed Heritage Bank that their!-->…
Capital expenditure suffers as FG services debt with N7.4tn
Nigeria’s Federal Government spent a staggering N7.41tn on debt servicing from January to August 2024, exceeding!-->…
Nigerian Banks Launch Major Rights Issues to Meet Recapitalisation Mandate
In response to the Central Bank of Nigeria's recapitalization directive, several banks are collectively turning to!-->…
Customs Revenue Increases By 94% At Lagos Airport, Generates N144.2bn
The Murtala Muhammed Airport Command of the Nigeria Customs Service (NCS) reported a remarkable 94% increase in!-->…
Fidelity Bank Launches GAIM 6 Promo with N159 Million Cash Prizes
Fidelity Bank has unveiled the 6th edition of its "Get Alerts in Millions" (GAIM) promo, offering over N159!-->…
FCMB Partners with EStars to Bring Esports Education to Nigerian Schools
First City Monument Bank (FCMB) is working with EStars to bring esports education to Nigerian schools. They want!-->…
Lasaco Assurance Reports 29% Revenue Growth in Q3 2024
Lasaco Assurance Plc has shown strong performance in its third-quarter financial results for 2024, reporting!-->…
NAICOM Promotes Takaful to Enhance Financial Resilience
The National Insurance Commission (NAICOM) has highlighted the importance of Takaful, an Islamic insurance system!-->…
Naira Faces Further Depreciation Amid Festive Season Demand
Analysts at Meristem Securities have projected a worsening depreciation of the naira due to heightened demand for!-->…
Pensioners Seek Redress Over PTAD Payment Issues
Pensioners across various sectors have raised complaints about discrepancies in their payments handled by the!-->…
FirstBank hosts inaugural China-Africa interbank forum
FirstBank is set to host the inaugural China-Africa Interbank Association (CAIBA) Forum in Abuja, marking the!-->…
CBN Refutes Allegations Of Withholding Foreign Currency Transfers
The Central Bank of Nigeria (CBN) has denied allegations that it withholds foreign currency transfers into!-->…
Zenith Bank Tech Fair Showcases Future of Digital Finance and AI
The Fourth Edition of the Zenith Bank Tech Fair, themed "Future Forward 4.0: Embedded Finance, Cybersecurity &!-->…
Nigeria’s Economy Stable and Ready for Investment
Nigeria's Finance Minister, Wale Edun, has declared the country's macroeconomic environment stable and conducive!-->…
UBA Achieves Record N2.4 Trillion Earnings in Q3 2024
United Bank for Africa (UBA) Plc has recorded a historic N2.4 trillion in gross earnings for the first nine months!-->…
African Experts Discuss Growth of Takaful and Non-Interest Finance
Finance experts from across Africa gathered in Lagos for the second African Takaful and Non-Interest Finance!-->…
LAPO advocates financial inclusion for underserved communities
LAPO Microfinance Bank is championing financial inclusion across Nigeria, focusing on underserved communities. The!-->…
UBA and Mastercard Unveil 75th Anniversary Commemorative Card with Exclusive…
To celebrate its 75th anniversary, the United Bank for Africa (UBA) has partnered with Mastercard to launch a!-->…
EFCC Condemns Corruption in Power Sector Urges Stronger Asset Recovery Action
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has underscored the!-->…
Pensioners relish in new narrative for pension administration
The management of Nigeria's Defined Benefits Scheme (DBS), commonly referred to as the "old pension scheme," was!-->…
Guinea Insurance Achieves Strong Growth in Revenue and Profit Through Strategic…
Guinea Insurance Plc reported significant financial growth for 2023, with revenue rising by 49.4% to N2.077!-->…
PenCom Targets Self-Employed Professionals with Enhanced Micro Pension Scheme
The National Pension Commission (PenCom) has announced plans to expand and promote its micro pension initiative!-->…
NSITF Disburses N6.6 Billion in Compensation and Expands Employee Welfare Coverage…
The Nigeria Social Insurance Trust Fund (NSITF) has allocated N6.6 billion to cover claims and compensation for!-->…
Stock market posts N83bn gain on positive trading
The Nigerian Exchange Limited (NGX) closed Monday in positive territory, gaining N83 billion in market!-->…
FX Scarcity Weighed Down Nigeria’s Ranking in Africa Financial Markets Index 2024
Nigeria secured third place in the 2024 Absa Africa Financial Markets Index (AFMI) with an overall score of 64,!-->…
Proposed Tax Reforms Exempt Minimum Wage Earners From PAYE
In a significant shift, Nigerian workers earning the new minimum wage or slightly above will be exempt from!-->…
Exchange rate to hit N1.993/$ by 2028 — Fitch
Fitch Solutions projects a significant depreciation of Nigeria’s naira, forecasting it could fall to N1,993 per US!-->…