IMF, Cardoso, Edun Pledge to Scale Up Social Spending, Improve Food Security in Nigeria
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, the Governor; Central Bank of Nigeria (CBN), Mr. Olayemi…
Category: Finance
Despite Economic Challenges, 10 Banks Granted N65.6 Trillion Loans to Customers
Amid macro-economic challenges and competition with Fintechs, 10 Nigerian banks operating in the country, Sub-Sahara Africa countries (SSA) and other…
World Bank Urges Nigeria to Maintain Momentum on Economic Reforms
The World Bank has stressed the need for Nigeria to maintain the momentum on its economic reforms in order to…
Recapitalisation: Banks Have So Far Raised N2.4tn Through Capital Market, Says SEC DG
Nigerian banks have so far raised N2.4 trillion through the capital market in the ongoing recapitalisation of the banking sector…
JP Morgan Plans Entry into Nigeria, to Acquire Merchant Bank Licence
JP Morgan is set to expand its footprint in Nigeria by converting its Lagos representative office into a fully operational…
Cardoso Jubilant as Net FX Reserves Hit 3-year High, Swells to $23.1bn
The Central Bank of Nigeria (CBN), yesterday reported a marked improvement in its net foreign exchange reserve (NFER), which stood…
Ecobank Exposes Nigeria’s Creative Industry to $62bn Global Art Sector
Ecobank Nigeria yesterday expressed its determination to position Nigeria’s creative industry to the $62 billion global art sector. The pan-African…
Cardoso Hails Growing Investor Confidence in Economic Trajectory
Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has expressed satisfaction over the growing investor confidence in the…
UBA Profit Grows to N804bn in 2024, Declares N3 Final Dividend
The United Bank for Africa (UBA) Plc has released its audited financial results for the full year ended December 31,…
NEITI: FAAC Allocations to Federal, States, LGs Soared By 43% to N15.26trn in 2024
The Federation Accounts Allocation Committee (FAAC) disbursed an unprecedented N15.26 trillion to federal, states and local governments in 2024, representing…