Excess liquidity in banking system hits N8.2trn
The financial system witnessed a marginal surge in liquidity following the repayment of large OMO bills and the absence of...
Banking & Finance
CBN reaffirms oversight, assures stability of Union Bank after court ruling
Omeiza Bilal The Central Bank of Nigeria (CBN) has said it remains committed to the stability of Nigeria’s financial sector....
Court orders full reversal of CBN’s Union Bank takeover
…Says its illegalThe Federal High Court in Lagos has ruled that the Central Bank of Nigeria acted beyond its legal...
This is your opportunity to reshape Africa’s future, Elumelu tells 3,200 TEF cohorts
Orisemeke Benjamin The Founder, Tony Elumelu Foundation (TEF) Tony Elumelu, has said the focus of the Foundation is about transforming lives. ...
Why pay rent endlessly when you can own your dream home now?
FirstBank's MREIF mortgage loan product is an opportunity waiting for Nigerians to grab, as FirstBank, Ministry of Finance Incorporated (MOFI)...
Equity market remain bullish, gains N697bn
The Nigerian equities market on Tuesday sustained growth trend, appreciating by N697 billion as gains in the shares of BuaCement,...
Domestic equities return to bullish run, gain N648bn
The local equities market on Thursday took positive direction, appreciating by N648 billion as gains in MTN Nigeria lifted trading...
NRS didn’t close our office, says OPay
Omeiza Bilal OPay Digital Services Limited has dismissed online platforms and social media reports claiming that its Lagos and Abuja...
Adequate reserves shield economies from shocks and strengthen resilience
Pierre-Olivier Gourinchas Participants at Saudi Arabia’s Al-Ula conference in February rightly lauded emerging market economies’ impressive resilience since the global...
FCMB meets CBN’s ₦500bn recapitalisation, retains international banking license
The First City Monument Bank (FCMB) Group Plc says it has completed the recapitalisation of its banking subsidiary, First City...
