$3Billion emergency loan will stabilise naira
Omowunmi Semudara About $3bn emergency loan-for-crude oil is set to be deployed to stabilise the naira, whose value has continued…
Category: Finance
UNGA- Nigeria attracts $19.4B investment in different sectors
Omowunmi Semudara Nigeria has attracted about $19.4 billion pledged investment on the sideline of the United National General Assembly (UNGA)…
Naira Falls Further to N995/$ on Parallel Mkt, Edun Blames $6.8bn Backlog for Currency’s Woes
The naira declined further on the parallel market arm of the foreign exchange (FX) market to N995 to a dollar,…
Zenith Bank Delivers Phenomenal Triple-digit Growth in First Half 2023
Zenith Bank Plc has announced its audited results for the half-year (H1) ended 30 June 2023, recording an astounding triple-digit…
CBN: FG Recorded $17.18bn Inflows, N1.43 Trillion Fiscal Deficit in Q1
A total of $17.18 billion was attracted into the Nigerian economy in the first quarter of the year (Q1 2023),…
CIBN set to host 16th Annual Banking and Finnace Conference
Wunmi Semudara The 16th Annual Banking and Finance Conference organised by the Chartered Institute of Bankers of Nigeria (CIBN) has…
Tinubu: Nigeria Cannot Continue Debt Servicing with 90% of Revenue
President Bola Tinubu has declared that Nigeria will no longer sustain an economic philosophy that ensures the wastage of 90…
CBN Faults JP Morgan’s $3.7bn Estimate of Nigeria’s Net Reserves, Says No Cause for Alarm
The Central Bank of Nigeria (CBN), yesterday, said the recent estimate of the bank’s financial accounts by JP Morgan was…
To Mitigate Risk, Preserve Liquidity, CBN Tells Banks to Stop Granting FX Secured Naira Overdrafts
As part of efforts to guide against foreign currency (FCY) risk as well preserve the scarce liquidity in the foreign…
NNPCL Gets $3bn Loan from Afreximbank to Stabilise FX, Naira Gains
The Nigerian National Petroleum Company Limited (NNPC) yesterday announced that it had secured a $3 billion emergency loan from the…