Records show that Nigerian banks have borrowed N12 trillion from the Central Bank of Nigeria (CBN) in the past eight months. The CBN data showed that money borrowed from the apex bank from January to ...
The World Bank recently revealed that it has disbursed $1.45 billion from the $1.5 billion States Fiscal Transparency, Accountability, and Sustainability Programme fund to the Treasury of the Federal ...
The Nigerian Exchange Limited has announced that Multi-Trex Integrated Foods PLC and Infinity Trust Mortgage Bank PLC are among the two firms to undergo Mandatory Compliance Training by the firm.Accor...
Breaking news. The coronavirus damage and other financial issues continue to kill businesses and this time it's affecting Pizza Hut's (YUM) biggest franchise group NPC international. N...
Excess cash in banks is set to rise as a result of the N1 trillion inflow This month, liquidity inflows of N1.02 trillion will flood the interbank money market, adding to the amount of excess cash ...
Elon Musk, the CEO of Twitter and owner of SpaceX and Tesla, has shown interest in acquiring Silicon Valley Bank (SVB), which recently collapsed on March 10, 2023. The collapse of SVB, a four-year-old...
After weeks of lifting restrictions on banks operating accounts for virtual assets such as cryptocurrencies, the Central Bank of Nigeria (CBN) has said there will be no cash withdrawals on accounts li...
The World Bank, in its recent prediction, has revealed that Nigeria's gross domestic product (GDP) will increase by 3.7% in 2025.The World Bank made this known in its latest report titled "Global Econ...
Wema Bank has announced the appointment of Mr. Moruf Oseni as the new Managing Director/CEO, effective from April 1, 2023. Oseni, who has been serving in an acting capacity since January 1, 2023, take...
In recent weeks, the Central Bank of Nigeria (CBN) has taken an essential step towards strengthening the durability and stability of the nation's banking sector with its most recent revision of the mi...