The Naira has fallen to low levels during the week, as traders adjusted prices to reflect the rate Central Bank of Nigeria sold the currency amidst the ongoing dollar scarcity. The Naira fell 0.1 p[er cent to N428.16/US$ at the…
The Debt Management Office (DMO) has announced plans to list the 8.375 per cent, $1.25 billion, March 2029 Eurobond on the Nigerian Exchange Limited and FMDQ Securities Exchange Limited. This disclosure is contained in a statement issued by the DMO…
Nigerian fintech company, Flutterwave Payment Technology Limited, has denied claims that it was involved in a $59 million money laundering scheme in Kenya which led to the closure of bank accounts operated by the company. A Kenyan court had ordered…
Ardova Plc (AP) has posted a profit of N1.54 billion for the financial year ended Dec. 31, 2021. The integrated energy company made this known in its audited financial statements and first quarter (Q1) 2022 unaudited financial results which was…
The Debt Management Office (DMO) on Tuesday released its FGN bond issuance calendar for the third quarter of 2022. A plan which is aimed at raising between the range of N630 billion and N720 billion in the next three months.…
…Presents free C.A.C certificates to small scale entrepreneurs … As 5,000 beneficiaries receive soft loans Osun Governor, Adegboyega Oyetola, on Wednesday flagged off the disbursement of N300,000,000 micro credit facilities to citizens in the State. He said his administration would…
Wema Bank Plc, has launched the Leadership Development School as an addition to its Purple Academy to help in the overall development and transformation of its workforce. Speaking at the formal opening ceremony of the leadership school, the Managing Director/CEO…
The Central Bank of Nigeria (CBN) has advised banks and other financial institutions to embrace opportunities represented in open banking to drive financial inclusion in the country. Mrs Aishah Ahmad, the Deputy Governor, Financial Systems Stability Directorate, CBN, gave the…
TrustBanc Holdings Limited (TrustBanc), the parent company of three regulated financial services companies, has successfully closed its series 7 and 8 Commercial Paper (CP) issue for a total amount of N5.85 billion under its FMDQ approved N20bn CP programme. The…
The Central Bank of Nigeria (CBN), has released a new framework to check cybersecurity in Other Financial Institutions (OFIs). This is contained in a statement issued by the Director, OFIs, CBN, Nkiru Asiegbu. Asiegbu said that the framework was informed…
