Ecobank repays $500m Eurobond after five years term
Ecobank Transnational Incorporated's (ETI) said it has successfully repaid its maturing $500 million five-year Eurobond matured on April 20204. The bank...
Banking & Finance
Domestic equity sheds N304bn as profit taking persists
Omeiza Bilal Domestic equity market on Monday closed southwards declining by N304 billion following profit taking activities in the shares...
NDIC lauds CBN recapitalisation of banks
Agency Report The Nigeria Deposit Insurance Corporation (NDIC) has lauded the Central Bank of Nigeria (CBN) for its move to...
FIRS generates N12.3trn in 2023 – CEO
Agency Report The Chief Executive, Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, said that the organisation witnessed unprecedented progress...
NAICOM CEO loses wife Oyinade Folashade
Mrs. Oyinade Folashade Thomas, wife of the Commissioner for Insurance/Chief Executive Officer (CEO) of the National Insurance Commission (NAICOM), Sunday...
Credit culture will accelerate Nigeria’s economic development – Rating Agency
DataPro Limited, has emphasised the need to accelerate the credit culture as a way of promoting Nigeria’s economic growth. DataPro...
UBA records profit before tax of N757.680bn
United Bank for Africa has released its audited result for the 2023 financial year, reporting profit before tax of N757.680...
CBN approves daily sales of $10,000 each to 1,588 BDCs
Omeiza Bilal The Central Bank of Nigeria (CBN) has approved daily sales of $10,000 each to 1,588 eligible Bureau De...
Equity market sheds N221bn on profit taking
Uzezi Samuel The domestic equity market Monday opened week on a bearish note, shedding N221 billion following profit taking activities...
CBN bans foreign currency collateral for naira loans
Agency Report The Central Bank of Nigeria (CBN) has prohibited the use of foreign currency (FCY) as collateral for Naira loans. This...
