The Debt Management Office (DMO) says Federal Government of Nigeria’s (FGN) savings bonds are acceptable as collateral for loans in banks. Clarifying issues surrounding the savings bonds, its Director-General, Ms Patience Oniha, stated on Wednesday in Abuja that the bonds…
The Central Bank of Nigeria (CBN) stated that commercial banks’ non-performing loans (NPLs) levels in Nigeria fell below 5per cent to 4.94per cent at the end of December 2021, for the first time in about a decade. This was disclosed…
By Seun Ibiyemi The Debt Management Office (DMO), has offered two additional Federal Government of Nigeria (FGN) bonds for subscription for the month of March. According to DMO, the first offer is a two-year Savings Bond which will be due…
The World Bank says it has disbursed the sum of N35.3 billion to all the 36 states of the federation and the FCT as advance payment for the implementation of the Nigeria COVID-19 Action Recovery and Economic Stimulus Programme (NG-CARES).…
Sterling Bank Plc has announced the retirement of Dr. (Mrs.) Omolara Akanji and the resignation of Mr. Emmanuel Emefienim from the Board of the bank. This was disclosed through a notice filed with the Exchange and signed by the company’s…
The African Development Bank (AfDB) and other co-financing partners’ portfolio in Nigeria increased by 2.031 billion dollars between 2019 and 2021. The Director-General, Nigeria Country Department, Mr Lamin Barrow, disclosed this in Abuja at the opening of the 2022 Country…
The Nigerian Association of Small and Medium Enterprises (NASME) has pledged its support for women entrepreneurs in the country. The National President of NASME, Dr Abdulrashid Yerima, made the pledge in an interview with journalists on Monday in Abuja. Yerima…
Reaffirming its commitment to enriching the lives of its customers, leading financial institution, Fidelity Bank Plc, has presented cash prizes to winners of the February draw of the Get Alerts in Millions season five promo (GAIM 5). The prize presentation…
The exchange rate between the naira and the US dollar closed at N416.67/$1 at the official Investors and Exporters (I&E) window. The exchange rate at the I&E window fell on Friday to close at N416.67/$1, representing a 0.04per cent depreciation…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited results for the full year ended December 31, 2021, reporting impressive performance in key financial metrics. The 2021 financial result filed by the bank at the Nigerian…
