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…
The Central Bank of Nigeria (CBN) has disbursed N114.17 billion to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. According to the bank, the CBN Governor, Godwin Emefiele, disclosed this in Abuja after…
The Debt Management Office (DMO) has announced the issuance of four bonds of N90billion each. In a statement, the office said there are offers for subscription by auction and that it is authorised to receive applications for “N90 billion with…
…Unveil Domestic Card Scheme The Central Bank of Nigeria (CBN) announced in 2022 that it will be launching a National Domestic Card Scheme in conjunction with the Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, the Bankers Committee and other financial ecosystem…
One of the leading financial institutions, Union Bank of Nigeria, has reiterated its support for Small and Medium-sized Enterprises in the country to drive increased growth and development. This commitment was made during the recently held ‘Top 100 Fastest Growing…
The Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) commenced yesterday, the first of the year. This will be the 289th meeting of the MPC and will be presided over by the CBN governor Godwin Emefiele…
One of the leading financial institutions and corporate backers of sports in Nigeria, Zenith Bank Plc, has unveiled plans to significantly increase sports funding in year 2023. In fact, numerous sporting events, including National Female Basketball League, Delta Principal’s Cup,…
The Federal Competition and Consumer Protection Commission (FCCPC) has approved the operations of 94 companies as digital money lenders in Nigeria. However, only 49 of the digital lenders were given full approval, while the remaining 45 got conditional approval. The…
The exchange rate between the naira and the US dollar at the black market appreciated further by 0.13 per cent on Monday morning, trading at an average of N745/$1 compared to N746/$1 recorded last week Friday. However, the exchange rate…
The Nigeria Governors’ Forum (NGF) has set up a six-member committee to engage the Central Bank of Nigeria (CBN) to address anomalies in the country’s monetary management and financial system. The forum disclosed this in a communique issued during the…
