Nigeria’s most innovative bank, Wema Bank Plc, has emerged the best performing bank in the first half of year 2022 financial year with a weighted average score of of 2.83 points, beating 12 other banks. According to a special report…
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), on Thursday in Abuja pledged to push Nigeria’s export target further to 35 billion dollars over the next five years. The Director-General of SMEDAN, Mr Olawale Fasanya said this at…
The Governor, Central Bank of Nigeria (CBN) Godwin Emefiele has urged early detection of challenges in banks and quick intervention to avert financial distress of depositors. This is contained in a statement posted on the CBN website on Wednesday. According to…
By Matthew Denis Abuja The Minister of Finance Budget and National Planning Dr Zainab Shamsuna Ahmed has stated that the Ministry in collaboration with the Central Bank of Nigeria, Nigerian Deposit Insurance Corporation and other relevant Government agencies has made…
The Debt Management Office (DMO) has released its Federal Government of Nigeria (FGN) Bonds Issuance Calendar for the fourth quarter of 2022. The calendar contains a N720 billion borrowing plan for the period. According to the calendar, on Oct. 17,…
By Matthew Denis Abuja In a bid to ensure safety of the Financial institutions in the country, the Nigerian Deposit Insurance Corporation (NDIC) provides deposit insurance for 33 Deposit Money Banks (DMBs), 882 Microfinance Banks, 34 Primary Mortgage Banks (PMBs),…
The Debt Management Office (DMO) on Tuesday released two Federal Government Savings Bond offers for October. According to a statement by the DMO, the first one is a two-year bond due in Oct. 12, 2024 at interest rate of 11.38…
Africa’s global bank, the United Bank for Africa’s Foundation has been recognised as a leader in Corporate Social Responsibility at the just concluded 10th anniversary of the Marketing Edge brands and advertising excellence awards which was held in Lagos recently.…
Nigeria’s foreign reserves have fallen by $2.202 billion to $38.318 billion as of September 29, 2022, from $40.520 billion as of December 31, 2021. This is a 5.42% decrease in foreign reserves. Despite rising oil prices this year, Nigeria’s foreign…
Leading financial institution, Fidelity Bank Plc, has secured the approval of its shareholders to issue, by way of private placement, the unissued ordinary shares of the Bank. This was approved at the Bank’s Extra-Ordinary General Meeting (EGM) which held at Four Points by Sheraton Hotel, Victoria…
