Banks’ credit to the economy rose year-on-year (YoY) by 34 per cent to N63.3 trillion in the third quarter, 2022, from N46.9 trillion in the corresponding period of 2021. Data from the Central Bank of Nigeria, CBN, Money and Credit…
By Idris Bakare Former Governor of the Central Bank of Nigeria (CBN) Muhammadu Sanusi II said he has been informed that the redesigned Naira notes will retain the Arabic sign on the current notes. Sanusi, a former Emir of Kano,…
Minister of State for Industry, Trade and Investment, Mariam Katagum has reiterated the ministry’s efforts to support initiatives that will lead to economic growth and development, especially for Micro, Small, and Medium Enterprises (MSMEs) in the country. She stated this …
Ecobank Transnational Incorporated (ETI) said it has redeemed its 5-year $400 million convertible debt following its maturity. The debt instrument was issued in September and October 2017. A corporate disclosure by the banking group, explained that holders of the convertible…
The Executive Director of Heritage Bank Plc, George Oko-Oboh alongside six other Senior Management staff has been awarded honorary fellowship by the Chartered Institute of Bankers of Nigeria (CIBN). The other awardees who were invested as Fellows of the Chartered Institute…
Experts on Monday underscored the need for key policy recommendations for Micro, Small and Medium Enterprises (MSMEs) development to focus on areas of financing, capacity and structure. They gave the advice at a webinar organised by the Small and Medium…
The Bank of Industry (BoI) and the Lagos Business School (LBS) have reiterated the commitment of both institutions to developing the capacities of Micro, Small and Medium Enterprises (MSME) in the country. Dean, Lagos Business School, Prof. Chris Ogbechie, made…
Sterling Bank Plc delivered an N5.4 billion profit for Q3 2022, marking a 43 per cent increase from the N3.8 billion profit reported in the comparable period last year. The company’s latest earnings report, shows that net interest income grew…
By Philemon Adedeji Wema Bank has released its unaudited financial results for the period ended September 30th, 2022, reporting gross earnings which rose significantly by 51.17 per cent year-on-year (y-o-y) to N95.354 billion in third quarter Q3 2022, from N63.077…
By Idris Bakare Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has urged financial managers to take proactive steps against rise in cybercrime in the country. Emefiele made the call at the second national risk management conference in…
