CRC Credit Bureau: 30m Nigerians Now Have Credit Scores
CRC Credit Bureau has announced that over 30 million Nigerians now have credit scores from its repository. The milestone, the company…
Category: Finance
IMF: Nigeria Must Sustain Economic Reforms to Turn the Corner
International Monetary Fund (IMF) has advised the Nigerian government to sustain ongoing economic reforms for the country to get better…
First Bank Kicks Off ‘2024 CR&S Week’ with Tree Planting Event
Nigeria’s premier financial institution, First Bank Group, commenced its 2024 Corporate Responsibility and Sustainability (CR&S) Week yesterday, with a tree…
CBN Declares $553 Million Remittance Inflows Amid FX Reforms
The Central Bank of Nigeria (CBN) yesterday reported a significant increase in remittance inflows, which peaked at $553 million in…
NNPC Announces N3.3tn Net Profit in 2023 Audited Financial Statement
Nigerian National Petroleum Company Limited (NNPCL) yesterday released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297…
FG Launches $500m FX-denominated Local Bond, Offer Opens on Monday
Ndubuisi Francis in Abuja and Kayode Tokede in Lagos The federal government has launched a $500 million FX-denominated domestic bond, marking…
Alleged 5.4bn Shares: CBN, FBN Holdings Ask Court to Dismiss Barbican Capital‘s Suit
The Central Bank of Nigeria (CBN), and FBN Holdings Plc have asked a Federal High Court sitting in Lagos to…
Why CBN Allowed Providus to Take Over Unity Bank
More facts emerged yesterday as to the main reasons behind the Central Bank of Nigeria (CBN)’s decision to back the…
CBN Demands Transaction Evidence on All Divestments, Repatriation of Foreign Investments
The Central Bank of Nigeria (CBN), yesterday clarified that every divestment or repatriation of foreign investment, be it a pre-liquidation…
rDAS: CBN Approves Sale of $876.26m to 26 Banks at N1495/$
The Central Bank of Nigeria (CBN) yesterday confirmed that it sold Foreign Exchange (FX) to end users through a Retail…