Nigeria’s external reserve dipped $24.3 million in the first week of the year to close at $40.49 billion as of 7th January 2021. This represents a 0.06% decline when compared to $40.42 billion recorded as of the start of the…
…Remains Africa’s Leading AI Chatbot United Bank for Africa, Africa’s global bank, has announced that plans to honor the 4th anniversary of its flagship artificial intelligence Chabot have been finalized, with new offers likely to redefine the face of digital…
The Securities and Exchange Commission (SEC ) is to carry out advocacy efforts to relevant Government Agencies such as the Nigerian National Petroleum Corporation (NNPC) and Federal Ministry of Petroleum Resources on listing of shares of the NNPC. In his…
British banking and financial service group, Standard Chartered Plc, is reported to have concluded plans to close down at least half of its Nigerian branches, in a major move, as it navigates towards digital banking. This is coming at a…
Private sector credit rose to a record high of N35.31 trillion as of November 2021, representing N5.16 trillion net new loans between January and November 2021. This is according to data from the Central Bank of Nigeria (CBN) money and…
The analysts noted that the FX inflows through the CBN accounted for about 56 percent of aggregate inflows in the economy. Total foreign exchange (FX) inflow into the Nigerian economy increased sharply to $30.2 billion in the third quarter (Q3) 2021…
The market capitalization of the top five banks, referred to as the Tier-1 banks, increased to N2.59 trillion as at close of business, 7th of January, 2022, as investors in these banks gained a total of N23.51 billion during the…
President Muhammadu Buhari has approved the appointment of Mr Ayodeji Ariyo Gbeleyi as the new Chairman of the Board of Directors of the Federal Mortgage of Bank of Nigeria (FMBN). Gbeleyi was appointed to replace the immediate past Chairman of…
The amount of foreign exchange that came into Nigeria in Q3 2021, skyrocketed by 64% to $30.18 billion compared to $18.4 billion recorded in the previous quarter. A surge which is attributed to newly acquired federal government loans, recorded in…
Nigeria’s external reserve rose by $5.15 billion in 2021 to close at $40.52 billion as of 31st December 2021, representing a 14.5% rise compared to $35.37 billion recorded as of the end of the previous year. This is according to…
