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Category: Finance

Adaora Umeoji Highlights Zenith Bank’s Robust Financial Metrics
FinanceNews

Adaora Umeoji Highlights Zenith Bank’s Robust Financial Metrics

NEWS BAR NGJuly 16, 2024July 16, 2024

Zenith Bank Plc, Nigeria’s leading financial institution, held its Capital Markets Day last week to showcase the bank’s inherent values…

Energy Bank: Lokpobiri Reveals Ghana, S’Africa Voted against Nigeria’s Hosting Bid
FinanceNews

Energy Bank: Lokpobiri Reveals Ghana, S’Africa Voted against Nigeria’s Hosting Bid

NEWS BAR NGJuly 15, 2024July 15, 2024

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has revealed that out of the 18 member countries…

Historic Moment as Nigeria Wins Bid to Host Africa’s $5bn Energy Bank, Beats Ghana, S’Africa, Cote D’Ivoire
FinanceNews

Historic Moment as Nigeria Wins Bid to Host Africa’s $5bn Energy Bank, Beats Ghana, S’Africa, Cote D’Ivoire

NEWS BAR NGJuly 5, 2024July 5, 2024

After months of international politicking and massive lobbying, Nigeria yesterday finally won the right to host the $5 billion African…

NOVA Bank Commences Operations as Commercial Bank
FinanceNews

NOVA Bank Commences Operations as Commercial Bank

NEWS BAR NGJuly 4, 2024July 4, 2024

NOVA Bank, formerly known as NOVA Merchant Bank, has officially commenced operations as a national commercial bank. The bank has…

Cardoso: Non-Bank Financial Institutions Key to Regional Integration, Economic Stability
FinanceNews

Cardoso: Non-Bank Financial Institutions Key to Regional Integration, Economic Stability

NEWS BAR NGJuly 2, 2024July 2, 2024

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, said Non-Bank Financial Institutions (NBFIs) of the West…

W’Bank: At $19.5bn, Nigeria Accounted for 35% of Sub-Saharan Africa’s Diaspora Remittance in 2023
FinanceNews

W’Bank: At $19.5bn, Nigeria Accounted for 35% of Sub-Saharan Africa’s Diaspora Remittance in 2023

NEWS BAR NGJuly 1, 2024July 1, 2024

Diaspora remittance to Nigeria was $19.5 billion in 2023, constituting 35 per cent of such fund transfers to sub-Saharan Africa,…

Cardoso: Nigeria Doesn’t Require Funding Support from IMF to Close Liquidity Gap, for Now
FinanceNews

Cardoso: Nigeria Doesn’t Require Funding Support from IMF to Close Liquidity Gap, for Now

NEWS BAR NGJune 27, 2024

Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said the country currently does not need any concessionary…

To Resolve FX Liquidity Pressures, CBN Orders Banks, IMTOs to Settle Diaspora Remittances in Naira
FinanceNews

To Resolve FX Liquidity Pressures, CBN Orders Banks, IMTOs to Settle Diaspora Remittances in Naira

NEWS BAR NGJune 26, 2024June 26, 2024

The Central Bank of Nigeria (CBN) yesterday directed Deposit Money Banks (DMBs) and International Money Transfer Operators (IMTOS) to pay…

Liquidity Pressure: Banks Borrow N3.76tn from CBN in Three Weeks
FinanceNews

Liquidity Pressure: Banks Borrow N3.76tn from CBN in Three Weeks

NEWS BAR NGJune 24, 2024June 24, 2024

Following monetary rates tightening by the Central Bank of Nigeria (CBN), which has led to illiquidity in the banking system,…

World Bank Approves $2.25bn for Nigeria to Stabilise Economy
FinanceNews

World Bank Approves $2.25bn for Nigeria to Stabilise Economy

NEWS BAR NGJune 14, 2024June 14, 2024

The World Bank yesterday approved a total sum of N2.25 billion for Nigeria to enable the federal government to sustain…

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