Nigeria’s total public debt stock hits N46.25trn in Q4 2022 – NBS
FCMB partners real estate firms in affordable housing
NDIC assures Nigerians of safety of bank deposits
First Bank changes name of UK, African subsidiaries
UBA records 31.2% rise in profit to N201bn in 2020
FG saved N3.9trn from port concession — Haastrup
Banks to set up $20m capital to boost innovative market
Hope rises for 2023 budget as Bonny Light price rebounds
United Capital shareholders approve N9bn dividend payment
ANLCA lists losses to crises
CBN issues guidelines for banks, OFIs on license conversion
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SubscribeQueues disappear as banks increase cash payout to customers
Banks, yesterday, increased cash payout to customers leading to sharp reduction in the long queues and massive crowds that characterised the cash dispensary points in the last two and half months.
US accuses world’s largest crypto platform, Binance of illegal operations
And over the years, Binance did not require its customers to offer any identity-verifying information before trading on the platform, the CFTC alleged in the civil lawsuit as filed in federal court in Illinois.
Dangote Cement to pay N340 dividend to shareholders
By Peter Egwuatu Dangote Cement Plc has revealed that its shareholders will receive about N340 billion dividend for the financial year 2022. The shareholders at the Annual General Meeting, AGM slated for April 13, 2023 are expected to approve the dividend proposal by its Board of Directors. In the notice of AGM signed by the Acting […]
MTN’s Funso Aina named ‘Innovator of the Year’ in Europe, M-East, Africa
Funso Aina, MTN Nigeria’s Senior Manager, External Relations, has been announced ‘Innovator of the Year’ in the brands category at the SABRE IN2 awards.
Access Bank Holdings gets regulatory approval on Zambian bank acquisition
Access Holdings Plc has announced that Access Bank Zambia Limited, a subsidiary of its flagship subsidiary, Access Bank Limited, has received final regulatory approval from the Central Bank of Zambia for the acquisition of African Banking Corporation Zambia Limited.
Commodity terms of trade falls 0.55 basis point
The National Bureau of Statistics (NBS) said that all commodity terms of trade (ToT) fell by 0.55 basis points in the fourth quarter of 2022 (Q4’22).
Cash rationing persists amidst improved supply to banks
Banks yesterday continued to ration cash withdrawal even as supply from the Central Bank of Nigeria, CBN, improved by over 1000 per cent last weekend.
First Citizens Bank to acquire collapsed SVB
“This transaction leverages our solid foundation to add significant scale, geographic diversity, compelling digital capabilities and, most importantly, meaningful solutions for customers throughout their lifecycle.”
‘Nigeria’s built industry moving into Eco-building’
The Nigeria building and construction industry is set to move into Eco-building, a globally accepted building structure that is non-harmful to the environment and resource efficient.
Stock Market: Portfolio rebalancing continues amid expected corporate earnings inflows, dividend
Portfolio rebalancing on the Nigerian Exchange Limited, NGX, continued on the back of expected corporate earnings inflows and dividend announcement.
Budget 2023: Fears as oil price drops 3% to $73.87 per barrel
There were fears, weekend, as the price of Nigeria’s premium oil grade, Bonny Light, dropped to $73.87 per barrel, from $76.37, recorded last week, indicating a fall of three per cent.
Why we introduced e-naira —CBN
THE Central Bank of Nigeria, CBN, weekend, explained that the e-naira was introduced to reduce the physical cash in transactions and promote the adoption of digital payments.
Advans MFB expands operation, opens new branch
“It promises to offer customers the latest in banking technology through alternative channels offered by Advans Lafayette Microfinance Bank”
IMF warns of increased risks to global financial stability
International Monetary Fund chief Kristalina Georgieva says that risks to financial stability had increased, stressing “the need for vigilance” following the recent turmoil in the banking sector. Speaking at a forum in Beijing, the IMF managing director said she expected 2023 “to be another challenging year”, with global growth slowing to below 3.0 percent due […]
Alleged fraud: CBN denies suspending OPAY, PALMPAY accounts
The Central Bank of Nigeria (CBN) has made clarification on viral reports that it has suspended accounts of some Fintech companies like OPAY and PALMPAY.
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