Economic experts have urged the Federal Government to look for non-debt means to finance the nation’s annual budget toward reducing deficit and borrowing now on the increase in Nigeria. The experts made the plea on Thursday in Ibadan at the…
Fidelity Bank Plc has announced an impressive growth in Profit Before Tax to N52 billion for the Full Year 2022. This was made known in the Bank’s unaudited statement of account presented to the Nigerian Exchange (NGX). According to the…
The maximum lending rate for Nigerian banks rose to 29.13 per cent in December 2022 from 28.14 per cent recorded in the previous month and 27.58 per cent in the corresponding period of 2021. Lending rates increased on the back…
Nigeria’s leading financial institution, Coronation Merchant Bank has announced the launch of its 2023 Economic Review and Outlook report which focuses on trends for core macroeconomic indicators and relevant emerging policy themes that will shape 2023. This report themed Baton…
Commercial banks will henceforth pay customers over-the-counter with N100, N50, N20, N10 and N5 notes regardless of how much a customer is withdrawing. The Banker’s Committee gave the directive to all commercial banks in the country while also announcing that…
The Federal Government at the weekend listed 14 tranches of its Federal Government of Nigeria’s Savings Bonds (FGNSBs) worth N9.801 billion on the Nigerian Exchange (NGX), providing a secondary window for existing and new investors to trade on the retail…
The Federal Competition and Consumer Protection Commission (FCCPC) has announced the extension of the deadline for the registration of online money lenders to March 27, 2023. The Chief Executive Officer (CEO) of the commission, Babatunde Irukera disclosed this in a…
By Ibiyemi Mathew The Central Bank of Nigeria (CBN) in conjunction with the Nigeria Interbank Settlement System (NIBSS) has unveiled AfriGo, Africa’s first National Domestic Card Scheme. The Nigerian National Domestic Card Scheme is a home grown card scheme launched…
The Central Bank of Nigeria (CBN) has denied scarcity of the new naira notes as alleged by some Nigerians. The CBN Governor, Godwin Emefiele, represented by Musa Jimoh, Director, Payment System Management Department of the bank, denied the allegation in…
The management of First City Monument Bank (FCMB) Group is looking to increase the company’s liquidity to finance operation. FCMB has received approval from the capital market regulator, Securities and Exchange Commission (SEC), to approach the local capital market to…
