Stanbic IBTC Holdings, a member of Standard Bank Group has shared some of its latest findings from the Africa Trade Barometer Report 2022 released recently. The report, which assesses key economic indicators in Africa highlights several noteworthy developments across 10…
Zenith Bank Plc has announced its unaudited results for the first quarter ending 31st March 2023, with an exceptional double-digit growth of 41 per cent in Gross Earnings, increasing from N191.5 billion in Q1 2022 to N270 billion in Q1…
The Central Bank of Nigeria (CBN) showed that the total amount of demand deposits dropped by N210 billion between January and March 2023. According to the reports of the Corporate Finance Institute, “A demand deposit is money deposited into a…
Nigerian experts have called for tighter supervision of banks even though the Central Bank of Nigeria (CBN) has assured that Nigerian banks do not have links with the troubled foreign lenders. The experts made the call at the seventh edition…
Wema Bank’s interest income grew 43 per cent to N108.04 billion in 2022 driven by the most contribution from loans and advances to banks and customers. The tier-2 bank’s total interest income comprises loans and advances to banks and customers…
By Sodiq Adelakun The United Nations (UN) has explained how the shortage of naira in recent times has affected the country’s economy. Recall that the inter-governmental organisation said the development which lasted for months mostly affected the informal sector. “In…
The Central Bank of Nigeria (CBN) has assured Nigerians of safety of their money in banks through operation of the e-naira. Assistant Director Payments System Management Department, CBN, Abuja, Mr Chika Ugwueze disclosed this in Nsukka on Wednesday when he…
The World Bank says inflation in food prices remains high globally. It made the declaration in its latest Food Security Update report issued on Wednesday. “Information from the latest month between December 2022 and March 2023 for which food price…
The Debt Management Office (DMO) says Nigeria’s indebtedness to the World Bank, which grew from $6.29 billion in 2015 to $13.46 billion in 2022 is a positive development. According to a statement by the DMO in Abuja on Wednesday, this…
The Development Bank of Nigeria (DBN) has disbursed over N 631 billion in loans to Micro, Small and Medium Enterprises (MSMEs) across the country. The Managing Director of the bank, Dr. Tony Okpanachi, disclosed this in the bank’s 2022 Financial…
