CBN, IFC partner to boost local currency Financing
Omeiza Bilal International Finance Cooperation (IFC), a member of the World Bank Group, and the Central Bank of Nigeria (CBN)...
Banking & Finance
FBNHoldings opens N150bn Rights Issue offer
FBNHolding Plc is set to undertake Rights Issue offering of 5,982,548,799 ordinary shares of 50 kobo each at N25.00 per...
AfDB, ADB sign $1bn agreement to increase development lending to African nations
Benjamin Orisemeke The African Development Bank and the Asian Development Bank have signed a $1 billion exchange exposure agreement (EEA)...
Funding: SEC expresses readiness to support SMEs
Omeiza Bilal The Securities and Exchange Commission has expressed its readiness to support Small and Medium Enterprises, SMEs, offer shares...
Again, Moody’s affirms Aa3 Rating for ICIEC with stable outlook
By Benjamin Orisemeke Moody's Ratings affirmed ICIEC’s Aa3 Insurance Financial Strength Rating (IFSR) with a stable outlook for the 17th...
CBN strengthens Diaspora ties to boost Nigeria’s economic growth
Omeiza Bilal In a strategic move to harness the economic potential of Nigeria’s diaspora, the Central Bank of Nigeria (CBN)has...
No deadline on circulation of old bank notes, CBN says
Omeiza Bilal The Central Bank of Nigeria (CBN) has described reports of suggesting that the old series of the N200,...
FirstBank fix Saturday for system migration
First Bank of Nigeria Ltd, financial inclusion services provider has announced plans transition to a new cloud-based procurement and financial platform...
Foreign reserves to hit $40bn – CBN
The country's foreign reserves is set to hit $40 billion amidst the naira gaining N20 in the parallel market, a...
Equity market closes positive, gains N148bn
Transactions on the floor of Nigerian Exchange (NGX) on Thursday sustained upward trend, appreciating by N148 billion, buying interest in...
