Over 1,500 residents have benefited from a Fidelity Food Bank outreach in Kabuga community, Dala Local Government Area of Kano State. The Corporate Social Responsibility (CSR) initiative, carried out in collaboration with Misnoory Foundation, saw bank staff distribute essential food…
Nigeria’s money supply experienced its first decline in 2025, dropping to N110.32tn in February from N110.94tn in January, according to data from the Central Bank of Nigeria (CBN). The 0.56 per cent month-on-month decrease comes amid the apex bank’s ongoing…
Keystone Bank has taken control of Bacita Sugar Company, also known as Josepdam Sugar Company, due to the company’s failure to settle a debt of N25,358,203,258.09. The bank has appointed Mr Yunus Abdulsalam (SAN) as the Receiver/Manager of the company…
Customer deposits in Zenith Bank have surged by 45% according to the Bank’s audited financial results for the year ended December 31, 2024. In the year under review, customer deposits surged by 45% from N15 trillion to N22 trillion in…
The Debt Management Office (DMO) says the Federal Government has been able to raise a total of N1.09 trillion through the Sovereign Sukuk since 2017, to support infrastructure development. The Director-General of the DMO, Patience Oniha, said this on Wednesday…
The Naira appreciated on Monday at the official market, trading at N1,531.19 to a dollar. Data from the Central Bank of Nigeria (CBN) website showed that the Naira gained N5.70. This represents a 0.37 per cent gain when compared to…
The Central Bank of Nigeria (CBN) has turned down Governor Ademola Adeleke’s nomination of former Finance Commissioner, Wale Bolorunduro, as a Director of the Osun State-owned Living Trust Mortgage Bank. Adeleke had appointed Bolorunduro—who previously served in the administration of…
Leading financial institutions, including Access Bank, Wema Bank, and Providus Bank, are set to compete for top honours at the Nigeria SME Awards, an event dedicated to recognising excellence in the Small and Medium Enterprises (SME) sector. The 8th edition…
LivingTrust Mortgage Bank Plc has obtained the approval of the Central Bank of Nigeria (CBN) to appoint eight distinguished professionals to its board, marking a strategic effort to enhance leadership and drive the company’s expansion objectives. In a formal notification…
The Bank of Industry (BOI) has introduced a specialised intervention programme, Project Guaranteed Loans for Women (GLOW), valued at N10 billion, to support female entrepreneurs across Nigeria. The initiative seeks to tackle the ongoing financial inclusion gap faced by women…
