The Federal Government, through the Debt Management Office (DMO), has offered three FGN bonds valued at N150 billion for subscription at N1,000 per unit. According to a statement by the DMO on Monday, the first offer is an April 2029…
PalmPay, a financial platform in Nigeria, says it has launched a USSD code to empower its users with financial access. The Managing Director of PalmPay Nigeria, Mr Chika Nwosu made this known in a statement in Lagos on Monday. He…
…As total assets surge to N36.6trn Access Holdings posted a pre-tax profit of N348.9 billion for the half-year ending June 30, 2024, as banks continue to enjoy bumper profits from Nigeria’s high interest rates. The group’s pre-tax profit during the…
By Esther Agbo The Federal Government of Nigeria, through the Debt Management Office (DMO), plans to raise N150 billion from the bond market in September 2024. This figure marks one of the smallest bond offerings of the year, signalling a…
By Esther Agbo To fortify its financial standing, Ecobank announced recently that it has secured approval from bondholders to increase its capital buffer by 10 percent. This decision comes as the bank navigates economic pressures exacerbated by the devaluation of…
The Central Bank of Nigeria has reduced the cybersecurity levy on electronic transactions from 0.5 percent to 0.005 percent according to its new fiscal guidelines for 2024-2025. “The CBN shall continue to enforce the payment of the mandatory levy of…
By Esther Agbo Infinity Microfinance Bank Nigeria Limited has received a significant boost in its long-term rating, moving up to an A- from BBB+, according to DataPro, a Nigerian consulting firm. This upgrade, accompanied by a stable outlook, reflects the…
The Bank of Industry (BOI), has donated 2,400 cartons of food items to Sokoto State Government to help alleviate the hardship faced by the citizens. Gov. Ahmed Aliyu, who received the food items, in Sokoto on Wednesday, expressed gratitude to…
…As CBN prioritises leadership with Keystone Bank board overhaul By Esther Agbo The Central Bank of Nigeria (CBN) has scheduled its 297th Monetary Policy Committee (MPC) meeting for September 23 and 24, 2024, at its headquarters in Abuja. This pivotal…
The Central Bank of Nigeria (CBN) has reaffirmed that its Ways and Means Advances to the federal government will continue to be maintained at the 5 percent threshold for fiscal years 2024-2025. This is according to the Monetary, Credit, Foreign…
