Nigeria’s financial markets are poised for a significant influx of liquidity, with over N3 trillion expected…
Tag: Business News
Sterling Bank Offers Core Banking Solution, SEABaaS to Fintechs, MTN’s MoMo
Sterling Bank has reportedly pitched its new advanced core banking application software, SEABaaS, to fintech comapanies…
Investor Confidence Shaken as NGX Stock Market Tumbles N539 Billion
The Nigerian Exchange Limited (NGX) stock market experienced a significant decline last week, with its market…
MTN Nigeria Takes Full Ownership of MoMo PSB, Buyout 7.17% Acxani Minority Stake
MTN Nigeria has successfully acquired the remaining 7.17% minority stake in its mobile money subsidiary, MoMo…
Union Bank Partners Women’s World Banking, TGI Group to Implement ‘Digital Supplier Credit’ Solution
In line with its commitment to enabling success for its customers, Union Bank has partnered with…
Stanbic IBTC Holdings Total Assets Rise by 10% to N3.03 Trillion in 2022
Stanbic IBTC Holdings Plc in 2022 audited financial statements for period ended December 31, 2022 has…
Inflation Rises Above Prediction to 21.91%
Nigeria’s inflation rate has risen above prediction to a record 21.91 percent in February. This signals…
Former CBN Deputy Governor, Moghalu Reacts to Issues on Naira Redesign
A former Central Bank of Nigeria’s Deputy Governor, Kingsley Moghalu, has expressed dissatisfaction over the series…
Are there Really Cashless Economies?
By Yvonne-Faith Elaigwu, Head of Operations and Governance, OnePipe ‘Cashless’ has probably become one of the…
Least Developed Countries’ Debt Profile May Hit $83 Billion
President of the 77th session of the UN General Assembly, Csaba Kőrösi has said the debt…
Currency in Circulation Falls by 54% to N1.39 Trillion in January – CBN
Nigeria’s currency in circulation fell to a record low of N1.39 trillion in January 2023, representing…
Foreign Reserves Drops to $36.79 Billion – CBN
The country’s foreign reserves fell by $427.14m in one month, figures obtained from the Central Bank…
Over 108 Million Mobile Money Transactions Recorded in One Month -NIBBS
The month of January 2023 recorded the highest number of mobile money transactions since its inception…
CBN Allocates N30 Million New Naira Notes Daily to Bauchi Banks
The Central Bank of Nigeria, Bauchi State, says it allocates N30 million new naira notes daily…
Polaris Bank Partners NYSC, NerdzFactory to Build Digital Skill, Business Capacity for 5,000 Corps Members
In line with its Corporate Social Responsibility(CSR) drive, Polaris Bank in partnership with the National Youth…
Commercial Banks Borrowings from CBN Increases to N21.87 Trillion in One Year
The financial data from the apex bank has revealed that commercial banks borrowing from the Central…
Wema Bank Stocks Best Performing Financial Stocks in 2022 – Report
Wema Bank Plc’s stocks emerged as the best-performing financial stocks on the Nigerian Exchange during the…
UBA’s Diversified Businesses Act as Hedge Against Financial Risks
Africa’s Global Bank, United Bank for Africa (UBA) Plc has said that its diversified business model…
Heritage Bank Appoints Acting MD, Executive Directors
Heritage Bank Plc has appointed Akinola George-Taylor as its acting managing director. Following the receipt of…
First Bank Accounts for 17% as eNaira Transactions Volume Cross N4 Billion
…Applauds CBN’s Initiatives The commercial banking arm of FBN Holdings Plc, First Bank Group has said…
UBA, MFS Africa Partner on Innovative Payment Solutions
The United Bank for Africa Plc and MFS Africa, Africa’s digital payments hub, have entered into…
Why We Reduced Minting Naira Notes — CBN
The Central Bank of Nigeria (CBN) on Thursday said it reduced the minting of the naira…
CBN Adjusts Interest Rate on Intervention Loans to 9%
The Central Bank of Nigeria (CBN) has announced the reversal of the interest rate on all…
Nigerians Spends N1.69 Trillion Digitally on Utility in Seven Months- NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has revealed that Nigerians digital transactions spending on utility bills…
Access Bank Set to Empower Women Entrepreneurs
Access Bank in its continuous bid to empower female entrepreneurs with financial and business skills has…
SEC Seeks Unified Exchange Rate to Attract, Boost Foreign Portfolio Investment
The Securities and Exchange Commission, SEC has advocated for a unified foreign exchange rate in order…
Building the Right Investment Portfolio for You
In today’s dynamic economy, investors around the world are interested in investment opportunities that will guarantee…
Mastercard,Ecobank Partner to Empowers Smallholder Farmers, Digitize Agricultural Value Chains in Africa
Mastercard and Ecobank Group have partnered to connect millions of smallholder farmers in Sub-Saharan Africa to…
Mobile Financial Transactions Rises by 4000% in Five Years, Hit N8.07 Trillion
Mobile transactions in Nigeria have jumped by 4,009.58 per cent to hit N8.07tn within a five-year…
Why CBN Opposes Senate Plan to Enact New Anti-Money Laundering Law
The Central Bank of Nigeria on Thursday kicked against plan by the Senate to enact new…
CBN Unveils Framework for ‘100 for 100’ Policy
The Central Bank of Nigeria (CBN) has unveiled selection criteria for private sector companies to participate…
MPC: CBN Retains Monetary Policy Rate at 11.5%
The Central Bank of Nigeria has voted unanimously to leave its monetary policy rate (MPR) unchanged…
Naira4Dollar: Diaspora Remittances Hit $34 Billion, Increases by $9 Billion
…As Nigerian Migrant Workers Top List The Naira4Dollar policy of the Central Bank of Nigeria (CBN)…
Zenith Bank Launches AI Powered Chatbot, ZIVA on WhatsApp
Nigeria’s leading financial institution, Zenith Bank Plc, has introduced an Artificial Intelligence (AI) powered Chatbot on…
Nigerian Banking Industry Suffers 27% Drop in e-Banking Income
A new report by Agusto & Co. Limited has shown that in the 2020 fiscal year,…