Federal Government of Nigeria reportedly generated N13.66tn from bond offers and allotments in the first six months of 2021, which is N1.99tn higher than the N11.67tn raised through the same means in the same period of last year. This data…
Grammy award winner Burna Boy electrified fans at the FirstBank Decemberissavybe campaign with a sterling performance at the ‘Burna Boy The Live Experience.’ The 30-year-old singer expressed how delighted he was to have relocated back to Nigeria at the concert.…
The Central Bank of Nigeria (CBN) has been told to save the Naira from weakening against the dollar by reviewing its policy on the 41 items on the import list. According to the Centre for the Promotion of Private Enterprise…
Coronation Merchant Bank has announced plans to launch its podcast series on Dec. 31, which will cover economic and market development trends. Mr Banjo Adegbohungbe, the Managing Director/Chief Executive Officer, Coronation Merchant Bank, said this in a statement made available…
The widening gap between Naira and dollar has helped Nigeria’s five big banks rake in N159 billion additional profit in nine months. This is according to data compiled from the bank’s financials submitted to the Nigerian Exchange. The amount made…
Ecobank and GTB are currently leading in customers adoption of the eNaira. eNaira is Africa’s first Central Bank Digital Currency (CBDC) introduced by the Central Bank of Nigeria (CBN) in October. A report by TheCable says with more than 2,000…
The Nigeria’s Debt Management Office (DMO) said that the government in 2021 raised N2.72trillion through FGN Bonds as well as the N8.09billion through Savings Bond. Statistics released by the DMO said that the amount raised through the FGN Bonds was…
The Central Bank of Nigeria reported Nigeria’s external reserve printed at $40.5 billion as of December 23rd, 2021, two days to Christmas. However, a closer look at the data suggests we are in one of the worse runs since 2019.…
The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA), says it has concluded plans for the investiture of its 16th President, Chief Jasper Nduagwuike, on Feb. 5, 2022. The Director General of ECCIMA, Mr Henry Awuregu, made this known…
Diaspora remittances into Nigeria is set to surpass Foreign Direct Investment (FDI) for the second consecutive year given some of the favourable policies instituted by the Central Bank of Nigeria (CBN) alongside technological innovations, WorldRemit, a cross-border digital payment service…
