By Esther Agbo Nigeria’s foreign exchange reserves have experienced a notable decrease, shedding $342.97 million in just nine days, according to the latest data released by the Central Bank of Nigeria (CBN) recently. The reserves now stand at $36.53 billion,…
Guaranty Trust Bank (GTBank) has confirmed an attempted hacking incident on its website, addressing recent media reports that claimed hackers had seized and cloned the bank’s website, intercepting customer data. The hacking attempt occurred just a day after the bank…
Nigeria’s inflation rate experienced a notable decline for the first time in 19 months, falling to 33.40 percent in July, according to the National Bureau of Statistics (NBS). This decrease, reported in the NBS Consumer Price Index (CPI) and Inflation…
In a groundbreaking move, the Federal Government of Nigeria has launched a $500 million domestic bond, marking a significant milestone in the country’s economic reform and development journey. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr.…
Economic activities in Nigeria fell for the thirteenth month in July as high costs reduced new orders and employment declined, Central Bank’s Purchasing Managers’ Index showed According to the report released Wednesday, the composite PMI stood at 49.7 points indicating…
By Esther Agbo PalmPay, a leading Africa-focused fintech platform, is urging stronger collaboration between banks and fintech companies to accelerate financial inclusion in Nigeria. At the recent Nigeria Fintech Forum themed, ‘Building the Next Frontiers for Nigeria’s Fintech’ in Lagos,…
By Seun Ibiyemi The Federal Government, through the Debt Management Office (DMO), has re-opened three FGN bonds valued at N190 billion for subscription at N1,000 per unit. According to a statement by the DMO on Wednesday in Abuja, the first…
Lagos State Governor, Mr. Babajide Sanwo-Olu, on Wednesday charged the leadership of the Nigerian Social Insurance Trust Fund (NSITF) to be transparent and accountable in their service to the people. He also implored the Fund to be responsible and responsive…
Fidelity Bank has surpassed the N127.1 billion target set in its combined offer programme, as the bank concludes the programme. In a note to investors, the Managing Director of the Bank, Nneka Onyeali-Ikpe expressed appreciation, noting that the bank…
The Federal Government, through the Debt Management Office (DMO), has re-opened three FGN bonds valued at N190 billion for subscription at N1,000 per unit. According to a statement by the DMO on Wednesday in Abuja, the first offer is an…
