By Esther Agbo Nigeria’s financial landscape is increasingly dominated by the mounting cost of servicing its foreign debt, which has become a significant strain on the nation’s resources. In the first seven months of 2024, Nigeria allocated $2.78 billion, or…
The Federal Government of Nigeria, via the Debt Management Office (DMO), has launched a fresh round of Federal Government of Nigeria (FGN) savings bonds for September 2024, offering attractive yields that reflect the current high-interest environment. Investors have until September…
The Chartered Institute of Bankers of Nigeria (CIBN) held its 2024 second induction for 741 new members on Saturday in Lagos. The institute reassured Nigerians that the planned banks’ recapitalisation would boost the nation’s Gross Domestic Product (GDP). The President…
Despite the tough climate faced by businesses in the country, Zenith Bank has continued to spot opportunities to ensure its business remains profitable while retaining investors’ confidence. The Bank announced its audited results for the half-year ended 30 June 2024,…
By Seun Ibiyemi Fidelity Bank Plc, a leading financial institution in Nigeria and Mastercard have collaborated to launch Fidelity Send, a new initiative to enhance cross-border payments and remittances in Nigeria. The collaboration leverages Mastercard’s extensive global network to facilitate…
By Esther Agbo The Central Bank of Nigeria (CBN) is facing the dual challenge of controlling inflation while managing the rising cash flow in the economy, as highlighted in its latest Money and Credit report. In July 2024, currency held…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun on Thursday described the Nigeria Sovereign Investment Authority (NSIA) as “an essential institution for our nation’s economic stability and growth,” as he officially inaugurated the newly constituted Board…
By Esther Agbo The United Bank for Africa (UBA) is set to host its latest edition of the UBA Business Series, with a sharp focus on equipping small and medium-sized enterprises (SMEs) with the tools and knowledge necessary to build…
By Esther Agbo The Central Bank of Nigeria (CBN) is facing renewed pressure from the nation’s manufacturing sector as the Manufacturers Association of Nigeria (MAN) calls for a relaxation of stringent foreign exchange policies that have increasingly burdened local industries.…
The Central Bank of Nigeria (CBN) has lifted the suspension on banks borrowing from its window, known as the Standing Lending Facility (SLF), pegging the lending rate at 31.75 percent in response to the decisions made at the 296th meeting…
