The Central Bank of Nigeria (CBN) has raised its benchmark interest rate, known as the Monetary Policy Rate (MPR), by 25 basis points to 18.75 per cent. The decision was announced on Tuesday by Acting Governor of the CBN, Folashodun…
By Sodiq Adelakun Naira yesterday appreciated against the dollar across foreign exchange (FX) market as demand for the greenback moderated. In some FX trading areas across the country on Wednesday, naira steadied at N867 per dollar. In some other areas…
AG DG, Pencom Pan-African credit rating agency, Agusto & Co, Mrs. Aisha Dahir-Umar has projected that Nigeria’s total pension assets will rise to N19 trillion by the end of 2024. This is contained in a report titled, “The Nigerian Pension…
Financial services, FBN Holdings Plc, has said it will raise fresh capital subject to the approval of shareholders at the group’s annual general meeting scheduled for next month. This was contained in the group’s notice of its 11th annual general…
The Central Bank of Nigeria (CBN) has disbursed N9.714 trillion in financial interventions to different sectors of the economy in the last three years. Director, Development Finance Department (DFD) of the CBN, Mr. Yusuf Yila who made the disclosure, said…
Nigerian Exchange Limited (‘NGX’) has announced the reclassification of Fidelity Bank Plc from Small price stock to Medium price stock. Rule 15.29 of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules) notes that equities priced above N5 per share…
By Philemon Adedeji The Nigerian Equity market opened the week on a green posture as investors continued to hold a favorable outlook, driven by the recent H1 earnings announcement. This led to a notable upward movement in NGXASI, which recorded…
Assets under the Contributory Pension Scheme rose by about N2 trillion in the first half of 2023, according to the National Pension Commission. Figures obtained from PenCom’s unaudited report on pension funds industry portfolio for the period ended 30 June…
…FAAC records revenue growth By Sodiq Adelakun In the recent communique from the Federation Account Allocation Committee, the unification of the country’s exchange rate has significantly increased the revenue from exchange difference. According to the communique, Exchange Difference revenue was…
Fidelity Bank said it will seek the approval of its shareholders to raise additional capital via issuance of 13,200 billion ordinary shares. This was disclosed in the notice of Extraordinary General Meeting signed by the Company Secretary, Ezinwa Unuigboje and…
