Ecobank Nigeria said its vision to use its agency banking scheme to drive financial inclusion is fast yielding fruits as it now has over 50,000 agents locations across the country. According to the bank apart from helping to drive its…
Fidelity Bank has facilitated the disbursement of over N34billion in direct credit to players in the Nigerian rice value chain. The bank’s interventions in recent years have helped to unlock spontaneous financing opportunities for a large swathe of paddy rice …
Wema Bank unaudited financial report for the 2021 operations just released shows a top industry record growth of 94 per cent in after-tax profit from N4.6 billion in 2020 to roughly N9 billion for the year. This is a confirmation…
…As market capitalization raise to N2.69 trillion The market capitalisation of the top five banks, referred to as the Tier-1 banks or FUGAZ, appreciated by 2.23% to close at N2.69 trillion as at 4th of February, 2022, as investors in…
Nigeria’s external reserve has fallen below the $40 billion threshold it had maintained in over three months. This is according to data from the Central Bank of Nigeria (CBN). The reserve had endured a continuous decline in recent months owing…
Nigeria’s external reserve dropped by 0.07% on Tuesday, 1st February 2022 to close at $40.01 billion, which represents a decline of $27.36 million from the $40.04 billion recorded as of the previous day. The continuous decline in the country’s reserve…
Nigerian Exchange Limited (NGX or The Exchange) hosted its annual 2021 Market Recap and 2022 Outlook in collaboration with Renaissance Capital (RenCap) today, 03 February 2022. The virtual event facilitated conversations around The Exchange, the larger Nigerian capital market, and…
The Director-General of the Debt Management Office (DMO), Patience Oniha, says the over subscribed portion of the N250 billion, 2021 Sovereign Sukuk, which attracted N865 billion, was returned to investors. Oniha made this known on Thursday, in Abuja, at a…
The exchange rate between the naira and the US dollar closed at N415.75/$1 at the official Investors and Exporters (I&E) window. Naira depreciated against the US dollar on Tuesday with a 0.1% downtrend to close at N415.75/$1 compared to N415.33/$1…
In a bid to develop the Nigerian capital market and enhance the economy, Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings Plc, is set to advance customer assets in 2022 with its bouquet of investment solutions. To ensure…
