The Central Bank of Nigeria (CBN) has declared that its policy strategies have contributed to the reduction of liquidity in the banking sector to under N100billion as at November 2023. Speaking at the 60th Dinner of the Chartered Institute of…
banks The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs). Mr Olayemi Cardoso, the CBN Governor, announced this at the 58th Annual Bankers’ Dinner organised…
The Chief Executive Officer of Access Holdings, Herbert Wigwe has revealed that the bank is closing in on processes to launch the operations of Access Bank in Asia. Speaking with Semafor Africa, Wigwe said the Bank is close to finalising…
Zenith Bank on Thursday led trading on the Nigerian equities market. The financial institution traded the most valued stocks on the market with N694.17m units. Also, investors gained N26.87billion as the market closed positively. The NGX All-Share Index (ASI) advanced…
The Nigerian Exchange Limited has called on the Federal Government and the Central Bank of Nigeria to prioritise listed corporates in their procurement processes and access to foreign exchange. According to the Chief Executive Officer of the NGX, Temi Popoola,…
In a significant development, the global financial sector is wholeheartedly embracing and investing in environmental sustainability, according to the Securities and Exchange Commission (SEC). The SEC, in a statement released in Abuja on Wednesday, highlighted that retail investors are now…
By Matthew Denis The Security and Exchange Commission ((SEC) in collaboration with the Financial Literacy Technical Committee (FLTC), has joined the rest of the world to celebrate the 7th edition of the World Investor Week (WIW) promoted by the International…
Trading on the Nigerian equities market closed negatively with investors losing N57.31bn on Monday. The NGX All-Share Index (ASI) declined by 0.15 percent, closing at 71,008.70 basis points, compared to the previous day’s gain of 0.12 percent, which closed at…
By Seun Ibiyemi The Central Bank of Nigeria has again postponed the meeting of its monetary policy committee despite the surge in inflation. This is according to a report by Bloomberg on Monday, which quoted the CBN’s Director of Corporate…
Jumia Technologies, a leading Pan-African e-commerce company, continues its journey towards financial resilience and sustained growth, reporting its lowest Adjusted EBITDA losses since its IPO in 2019. The company’s relentless focus on strategic growth initiatives has yielded promising results, evident…
