The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between Sept. 6 and Sept. 30. According to a statement issued by Omolara Duke, the Director, Financial Markets Department of the CBN, the transaction…
The management of Guaranty Trust Holding Company Plc (GTCO) has refuted a circulating media report regarding its business activities and executive team. GTCO, in a statement on Friday night, debunked all allegations from the smear media reports, while advising its…
The Governor of the Central Bank of Nigeria (CBN) Mr Olayemi Cardoso, has defended the decision of the apex bank to float the naira since he assumed office in the past one year. While addressing members of the Harvard Club…
The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between Sept. 6 and Sept. 30. According to a statement issued by Omolara Duke, the Director, Financial Markets Department of the CBN, the transaction…
The World Bank has approved a 500 million dollar loan to support the Sustainable Power and Irrigation for Nigeria (SPIN) project aimed at reducing climate-induced challenges. World Bank’s Regional Director, Sustainable Infrastructure Development for West and Central Africa, Chakib Jenane…
By Esther Agbo At the recent Renewable Energy and Energy Efficiency Association (REEEA-A) conference in Abuja, key stakeholders, including Access Bank, reaffirmed their commitment to advancing Nigeria’s journey toward achieving net-zero emissions. Themed ‘Road to Net Zero: Actionable Initiatives for…
By Esther Agbo In order to alleviate poverty, the Bank of Industry (BOI) has disbursed N77.65 billion in loans to nearly 1,000 medium, small, and micro-enterprises (MSMEs) within the first nine months of 2024. This initiative forms part of a…
Cryptocurrency usage has continued to grow in Nigeria as Africa’s most populous country grapples with a weakening currency and soaring inflation, New York-based blockchain research firm Chainalysis said in a report on Wednesday. The country, which ranked second overall on…
As First Bank Plc and Zenith Bank Plc continue to battle service disruptions, the tier-1 banks have warned millions of customers to be wary of activities of fraudsters who may solicit their details under the guise of helping to resolve…
President Bola Tinubu has boasted that reforms instituted by his administration has attracted more than $30 billion in foreign direct investments (FDI) in 2023. Tinubu made this known on Tuesday while addressing the nation to commemorate the country’s 65th Independence…
