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Category: Finance

CRR: Ten Banks’ Restricted Deposit with CBN Hits N17.1tn
FinanceNews

CRR: Ten Banks’ Restricted Deposit with CBN Hits N17.1tn

NEWS BAR NGApril 15, 2024April 15, 2024

As the Central Bank of Nigeria (CBN) maintained Cash Reserve Ratio (CRR) at 32.5 per cent in 2023, Zenith Bank…

Zenith Bank Achieves Historic Milestones in 2023 With Stellar Triple-digit Topline and Bottom-line Growth
FinanceNews

Zenith Bank Achieves Historic Milestones in 2023 With Stellar Triple-digit Topline and Bottom-line Growth

NEWS BAR NGApril 12, 2024April 12, 2024

Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth…

Afreximbank, Woodhall Capital Host Workshop on Supply Chain Finance
FinanceNews

Afreximbank, Woodhall Capital Host Workshop on Supply Chain Finance

NEWS BAR NGApril 8, 2024April 8, 2024

Afreximbank and Woodhall Capital recently hosted a successful one-day workshop on Supply Chain Finance and Factoring in Nigeria. The event,…

Excess liquidity: CBN Raised N7.7tn via NTBs, OMO in Q1 2024
FinanceNews

Excess liquidity: CBN Raised N7.7tn via NTBs, OMO in Q1 2024

NEWS BAR NGApril 8, 2024April 8, 2024

Following its drive to tackle excess liquidity in the banking sector, the Central Bank of Nigeria (CBN), raised a whooping…

Naira Sustains Gain, Reaches N1255/$1 at Official Window, N1,245/$1 at Parallel Market  
FinanceNews

Naira Sustains Gain, Reaches N1255/$1 at Official Window, N1,245/$1 at Parallel Market  

NEWS BAR NGApril 5, 2024April 5, 2024

The naira yesterday  continued to gain against the dollar, at the official window while it maintained stability at the parallel…

Zenith Bank Named Nigeria’s Best Bank for Fourth Year at Global Finance Awards 2024
FinanceNews

Zenith Bank Named Nigeria’s Best Bank for Fourth Year at Global Finance Awards 2024

NEWS BAR NGApril 2, 2024April 2, 2024

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning…

CPPE Commends CBN’s Banking Recapitalisation Policy
FinanceNews

CPPE Commends CBN’s Banking Recapitalisation Policy

NEWS BAR NGApril 2, 2024April 2, 2024

The Centre for the Protection of Private Enterprise (CPPE) has described the move to recapitalise the country’s banking institution as…

At 39.84%, Nigeria’s Stock Market Offers Near Best Investors’ Return in Africa
BusinessFinanceNews

At 39.84%, Nigeria’s Stock Market Offers Near Best Investors’ Return in Africa

NEWS BAR NGApril 1, 2024April 1, 2024

At 39.84 per cent year-till-date (YtD) gain, the Nigerian stock market, in the first quarter of 2024, offered investors the…

SERAP Asks 36 Governors, FCT Minister to Account for N5.9tn, $4.6bn Loans
FinanceNews

SERAP Asks 36 Governors, FCT Minister to Account for N5.9tn, $4.6bn Loans

NEWS BAR NGApril 1, 2024April 1, 2024

THE Socio-Economic Rights and Accountability Project (SERAP) has issued a one-week ultimatum to Nigeria’s 36 state governors and the Minister…

CBN Sets New Hurdles for Banks, Raises Capital Thresholds to N500bn, N200bn, Others
FinanceNews

CBN Sets New Hurdles for Banks, Raises Capital Thresholds to N500bn, N200bn, Others

NEWS BAR NGMarch 29, 2024March 29, 2024

The Central Bank of Nigeria (CBN) yesterday announced new minimum capital requirements of N500 billion and N200 billion for commercial…

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