Guaranty Trust Holding Company (GTCO) Plc, the holding company for Guaranty Trust Bank and other subsidiaries, recorded marginal decline in profitability in 2022 as pre-tax profit...
Stakeholders in the ICT industry have urged the National Information Technology Development Agency (NITDA) to focus on its developmental agenda and not delve into the functions...
Upon returning from Easter Holiday to commence stock trading activities on the floor of the Nigerian Exchange Limited (NGX) on Tuesday, the local bourse recorded massive...
By Rosemary Iwuala David Malpass, The World Bank Group President, says global growth is expected to be weak in 2023, slowing to two per cent from...
Organisers of the fast-growing Policy Implementation Assisted Forum (PIAFo), have dedicated the next edition of the event to robust engagement on the pending amendment bill of...
Ahead of planned fuel subsidy removal by June 2023, the World Bank has granted the Nigerian government $800 million to put up a comprehensive palliative scheme...
The African Development Bank (AfDB) has signed a $525,000 agreement to support Africa Fintech Network’s (AFN) Hub project. Mr Lamin Barrow, the Director-General, AfDB, Nigeria Country...
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...