Wema Bank has said it donated chairs and tables to Isale Eko Grammar School, in Lagos State. A statement said the act was made possible through Wema Bank’s corporate social investment initiative, the “Salary for Love” campaign. It said Wema…
The Federal Government borrowed N6.07trillion from the Central Bank of Nigeria (CBN) through Ways and Means Advances in 2022, according to recent data from the apex bank. This pushed the Federal Government’s borrowing from the CBN from N17.46trillion in December…
By Sodiq Adelaku President Tinubu has said he will review the naira redesign policy of the CBN. This may see the old naira notes remaining legal tender for a longer time than December 31 as declared by the Supreme Court.…
Nigerian big banks’ fintech foray spotlights valuation. A growing number of Nigerian big banks are making inroads into the financial technology space, putting the valuation of fintech firms in the country under the spotlight. Around 2017, when fintech companies were…
The House of Representatives (HOR), amidst protest on Sunday, approved an amendment to the Central Bank of Nigeria Act, raising the ceiling of Ways and Means Advances from the apex bank from five to 15 per cent. The House gave…
The President of the African Development Bank, Akinwumi Adesina, has urged the Federal Government needs to stop its youth empowerment programmes and invest in the youth people of the nation on a sustainable basis. Adesina said this at the inaugural…
By Sodiq Adelakun The Nigerian Senate has increased the borrowing limit for the Federal Government from the Central Bank of Nigeria (CBN). The implementation year for the 2022 Supplementary Appropriation Act was extended. The Senate held an emergency session ahead…
Sterling One Foundation says it’s pleased to announce that it will collaborate with corporate and development partners to host the second edition of the Africa Social Impact Summit (ASIS) between the 10th and 11th of August 2023, in Lagos, Nigeria.…
Senate has passed a bill seeking to amend the Central Bank of Nigeria (CBN) Act to increase its advances to the Federal Government from five per cent to maximum of 15 per cent. The passage of the bill, followed its…
Naira on Thursday tumbled against the dollar following strong demand from importers and travellers amid scarcity of the greenback at the parallel market, traders said. Dollar was being traded at the rate of N762 on Thursday, this represents 0.26 per…
