Monetary Easing Begins as CBN Cuts MPR to 27%, Cites GDP Growth, Falling Inflation
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), yesterday, kick-started monetary easing with a cut in the Monetary…
Category: Finance
Unreconciled Federation Funds: FAAC Awaits NNPC on $42.37bn, OAGF on N2tn Pending Payments
The Federation Accounts Allocation Committee (FAAC) has raised fresh concerns over huge unreconciled revenues, disclosing that more than $42.37 billion…
Zenith Bank’s Gross Earnings Hit N2.5 Trillion In H1 2025, Declares N1.25 Interim Dividend
Joy Ifedayo Zenith Bank Plc has released its Group financial results for the half year ending June 2025,…
FAAC Disburses N2.225tn to FG, States, LGs as Federation Account Grosses N3.635tn
The Federation Account Allocation Committee (FAAC), Wednesday shared a total sum of N2.225 trillion to the three tiers of government…
DG Budget: 2025 Budget Implementation to Commence September
Director-General, Budget Office of the Federation (BoF), Mr. Tanimu Yakubu, yesterday hinted that the implementation of the 2025 budget will…
Cardoso: CBN Committed to Economic Stability, Stronger Banks, More Investment Inflows
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reaffirmed the apex bank’s commitment to driving…
IFC Lauds FG’s Economic Reforms, IMF Calls for Marshall Plan for Power Sector
International Monetary Fund (IMF) and International Finance Corporation (IFC) have stated that the President Bola Tinubu administration has done a…
FAAC Reconciliation: NNPC, FIRS, Others Remit N1.49 Trillion Arrears to Federation in Six Months
Nigeria’s Federation Account received a major inflow of N1.49 trillion in the first half of 2025 from arrears reconciled and…
CBN Hits 4-year High External Reserves of $41.05bn, Targets $100bn
In the one of the most cheering news from Nigeria in recent times, the country’s gross Foreign Exchange Reserves increased…
Ecobank’s Biggest Shareholder, S’Africa’sNedbank, Set to Sell Stake in Major Reset
South Africa’s Nedbank Group Limited, the biggest shareholder in Ecobank, has announced that it plans to sell its 21.2 per…