The Debt Management Office (DMO) has announced the issuance of bonds worth N450 billion in its upcoming auction scheduled for May 13, 2024. The offering forms part of the government’s monthly bond auction, aimed at supporting national financial requirements while…
The Institute of Chartered Accountants of Nigeria (ICAN) Act Amendment Bill on Wednesday scaled second reading at the Senate. This followed the presentation of the general principles of the bill by the sponsor, Sen. Solomon Adeola (APC-Ogun) at plenary. Presenting…
The Central Bank of Nigeria (CBN) has extended the suspension of processing fees on deposits within some thresholds. This is according to a statement by Adetona Adedeji, acting Director, Banking Supervision Department on Wednesday in Abuja. Adedeji said that the…
The Central Bank of Nigeria has released a comprehensive list of licensed Deposit Money Banks operating within the country. The list, which was made public on the CBN’s official website on Tuesday, provides insights into the banking landscape in Nigeria.…
The Federal Government of Nigeria received an additional N3.8 trillion in what appears to be fresh Ways and Means Borrowing in the last six months of 2023. This is according to provisional data published in the latest Statistics bulletin for…
The Association of Bureau De Change Operators of Nigeria (ABCON) has warned economic saboteurs speculating and hoarding the Naira to desist from such act. ABCON President, Alhaji Aminu Gwadabe, in a statement on Friday, also said the association would establish…
The share price of FBN Holdings Plc, parent company of the First Bank of Nigeria Ltd, which opened on the floor of the Nigerian Exchange Ltd.(NGX) on Friday at N18.50, gained N1.85 to close at N20.35, following investors’ renewed interest.…
Senator Ned Nwoko, has advised the Federal Government and the Central Bank of Nigeria (CBN) against any measures that ‘artificially’ force the Naira to gain value against other currencies. Nwoko, who represents Delta North, gave the advice in a statement…
The Board Stanbic IBTC Plc will seek shareholders’ approval to establish a Debt Issuance Programme of up to N400 billion to issue diverse debt securities through various methods and terms, subject to the grant of all required approvals from the…
First Bank of Nigeria Ltd. has won ‘Best Private Bank in Nigeria’ and ‘Best Private Bank for Sustainable Investment in Africa’ at the 2024 Global Finance annual awards. This was disclosed in a statement on Wednesday by Group Head, Marketing…
