It was announced late Wednesday that Nigeria and Afrexim bank had reached an understanding for an immediate support facility that will see Africa’s most populous nation receiving three billion dollars in new credit. It will provide a much-needed relief...
The 16th Annual Banking and Finance Conference, organized by the Chartered Institute of Bankers of Nigeria (CIBN), was held under the theme, “Nigeria’s Economic Growth and Empowerment: The Role of the Financial Services Industry.”
This annual event stands as the...
President Bola Tinubu has expressed Nigeria’s readiness to play a major role within the G-20 and contribute to shaping a more equitable world.This is contained in a statement by Chief Ajuri Ngelale, Special Adviser to the President on Media...
Nigeria’s pension sector with assets under management (AUM) in excess of N16.7 trillion, equal to $22.14 billion at of June 2023 is collaborating with four other countries in Africa to grow their over $70 billion market size.
The collaboration will...
Soap maker PZ Cussons (PZC.L) said on Tuesday it has offered to buy out minority shareholders of PZ Cussons Nigeria (PZCN) and aims to de-list the business from the Nigerian stock exchange amid "foreign exchange challenges" in the country.
"The...
Following gains recorded by many blue-chip stocks, especially BUA Foods and SFS Real Estate, transactions on the Nigerian Exchange Limited (NGX) reopened upbeat, yesterday, as market capitalisation appreciated by N324 billion.
The all-share index (ASI) rose by 592.47 points, representing...
Entrepreneur and relal estate guru, Chukwudum Muoneke, has given his two cents on how ambitious entrepreneurs can carve their niche in the fertile but crowded Nigerian real estate landscape.
Muoneke, the Founder of Parkway Homes Ltd, told newsmen that in...
On May 22, 2023, the Dangote Refinery was inaugurated in Lagos, Nigeria, with former President Muhammadu Buhari officiating the ceremony. The event marked a significant milestone for Nigeria, as it showcased the country’s commitment to achieving energy self-sufficiency and...
According to the apex bank, this follows the successful conduct of the pilot run and various training held with all the banks.
The Central Bank of Nigeria (CBN) has introduced the GoLive of the Price Verification System (PVS) for importers.
According...
The Nigeria Deposit Insurance Corporation (NDIC) will begin the investigation of the directors and officers of the 183 banks whose licences were revoked earlier this year.
The managing director of the NDIC, Bello Hassan, said this at a one-day capacity-building...
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