A firm, Haril Global Solutions Limited, has asked the Federal Capital Territory (FCT) High Court to order Globus Bank Limited to pay it N10 billion in general damages for an alleged breach of loan contract, among other issues. This relief…
FirstBank, the West African premier financial institution and financial inclusion services provider has emerged the winner of the prestigious Euromoney Award for Nigeria’s Best Bank in Environmental, Social, and Governance (ESG), reinforcing its position as a leader in sustainable banking…
The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, says addressing critical sectors and leveraging a recapitalised banking sector are essential for Nigeria to unlock its potential and achieve a trillion-dollar economy. A statement made available by…
President Bola Tinubu said the N200 billion Consumer Credit Corporation established by his administration would make life easier for millions of households. The President said this in a national broadcast on Sunday on the ongoing nationwide protest. He said the…
President Bola Tinubu has urged youths to key into the student loan scheme introduced by his administration. The President made the appeal in a national broadcast on Sunday on the ongoing nationwide protest. He said his administration had shown commitment…
FirstBank, has emerged winner of 2024 Euromoney award for its contributions and commitment to Environmental, Social, and Governance (ESG) investments in Nigeria, facilitated through innovative financial solutions and initiatives. Euromoney recognised FirstBank’s significant progress amongst other areas in the implementation…
The Nigerian Senate and the House of Representatives on Wednesday passed a bill to increase the percentage of Ways and Means loans the Central Bank of Nigeria (CBN) can give to the Federal Government. The upper chamber of the Nigerian…
By Matthew Denis Recent data has revealed a surge in Nigeria’s foreign exchange reserves. According to the data seen by NewsDirect, the FX reserves have grown to $36.5 billion, Data from FMDQ platform showed that the naira closed at N1,611.40…
By Matthew Denis with agency report The Economic and Financial Crimes Commission (EFCC) and the Nigerians in Diaspora Commission (NiDCOM) have initiated a renewed partnership to combat fraud involving Nigerians abroad and promoting the image of the country positively. This was disclosed…
The Central Bank of Nigeria has reaffirmed its commitment to supporting the federal government’s target of achieving a $1tn economy. Speaking at the Afrinvest 2024 Banking Sector Report Launch, Acting Director of Financial Policy and Regulations, Mr John Onoja, representing…
