By Sandra Orim The International Monetary Fund (IMF) Executive Board has approved a two-year arrangement for Morocco under its Flexible Credit Line (FCL) in an amount...
By Rosemary Iwuala Moni Africa has launched a new range of business loans that enables Small and Medium Enterprises (SMEs) to leverage their communities to access...
Rising operation costs of Total Energies Marketing Plc have eaten into the its bottomline for the full year ended December 31, 2022 despite impressive rise in its...
By Rosemary Iwuala First Bank of Nigeria Limited has announced a phased corporate name change for its subsidiaries in the United Kingdom and Sub-Saharan Africa. The...
By Rosemary Iwuala Payday, the leading Pan-African neobank issuing global (USD, EUR & GBP) accounts to Africans, has announced a fresh $3 million seed round which...
Stock investors in Nigeria lost a whooping N622 billion in one day at the Nigerian Exchange Limited (NGX) following sell-offs in the shares of bellwethers such...
The Federal Government has lifted the compulsory 2.5% mortgage deduction from the monthly salaries of private sector employees for the National Housing Fund (NHF). This, according...
As profit-taking pressure sustained grip for a second day in favour of the bears, the Nigerian equities market closed negative on Friday. The key market indicator...
By Sandra Orim The UK-Nigeria Tech Hub, a pillar of the UK government’s broader Digital Access Program (DAP), has announced a collaboration with Google for Startups,...
Rosemary Iwuala Announces New Collaboration with ITFC African Export-Import Bank (Afreximbank) has announced the enhancement of the financing facility provided to Fidelity Bank plc, under the...
Rosemary Iwuala Norrenberger, an integrated financial services group, has taken an equity stake of 60 per cent in The Infrastructure Bank (TIB), having concluded the acquisition...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 50 basis points to 18 per...
By FBNQuest According to the DMO’s recent publication on external debt service cost for 9M ’22, the FGN’s external debt service payments for Q3 ’22 amounted...
Prominent economic experts in Nigeria have cautioned the federal government against raising the value added tax (VAT) from 7.5 per cent to 10 per cent by...
By Rosemary Iwuala FCMB Group Plc has successfully raised N20.686 billion from the debt market to finance its banking subsidiary First City Monument Bank Limited. It...
As Microsoft-owned OpenAI rakes in big moolah after its ChatGPT AI conversational chatbot became a rage globally, Elon Musk on Thursday again raised questions over how...
The consumer price index (CPI), which measures the rate of change in prices of goods and services in the country, rose to 21.91% in February 2023,...
By Meristem Analysts Sustained Supply chain disruptions resulting from the Russian-Ukraine war have largely been reducing, resulting to a decline in energy and food prices. Average...
By Rosemary Iwuala Following Monday’s declaration by the Central Bank of Nigeria (CBN) elongating the validity of old N200, N500 and N1,000 naira notes, Nigerians have...
As Buhari Disowns Emefiele, Malami on Attitude to S’Court Order The Central Bank of Nigeria (CBN) has said the old N200, N500 and N1000 notes remain...
