Prospective investors in Federal Government of Nigeria (FGN) securities have been assured of profitable yields on their investments by the Debt Management Office (DMO). The DMO recently held an awareness program in Maiduguri, the capital city of Borno, to educate…
By Sodiq Adelakun In a bid to address the ongoing challenges faced by the Nigerian economy, Olayemi Cardoso, the newly appointed governor of the Central Bank of Nigeria (CBN), has outlined his plans to tackle the naira downturn. With the…
Nigerian Presidential Adviser on Economic Affairs Tope Fasua has urged the Central Bank of Nigeria (CBN) to reduce the number of bureau de change (BDC) operators in the country by 95 percent, from over 5,000 to about 200. Fasua, a…
Access Bank Plc has announced the enhancement of its Agriculture Desk in order to support sustainable agricultural businesses and attract global investments. The move is aimed at improving value for customers and stakeholders, and positions the bank at the forefront…
The National Pension Commission (PenCom) revealed that five Pension Fund Administrators (PFAs) accounted for 64 percent of total registered contributors in the second quarter of 2023. These PFAs include Stanbic IBTC Pension Managers, Access Pensions, ARM Pension Managers, Leadway Pensure,…
Union Bank of Nigeria has published its Sustainability, Citizenship, and Innovation (CSI) report, highlighting its efforts in three key areas: Citizenship, Sustainability, and Innovation. The report, titled “Driving Inclusive Growth; Impacting Lives, Enabling Success,” is the bank’s 7th edition and…
In a slight twist of fate, the money supply in Nigeria experienced a subtle decline in August 2023. M1, also known as narrow money, slipped by 0.56 percent to N24.02 trillion, while M3, a broader measure of money supply, dipped…
By Sodiq Adelakun The International Monetary Fund (IMF) has stated that Nigeria’s total debt of over N87 trillion is still at a moderate level compared to other countries. The IMF Resident Representative in Nigeria, Ari Aisen, emphasized the need for…
Investors in the Nigerian stock market are proceeding with caution as they continue to sell off their positions due to the weakening naira. This selling pressure has led to a significant decrease of 0.34 per cent or N126 billion in…
Customer deposits in Access Holdings have grown to N12.5trillion in the first half of 2023. This was disclosed in its audited consolidated and separate financial statements for the period ended June 30, 2023. The Group reported robust gross earnings of…
