Banking & Finance
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144Capital Adequacy Ratio of Banks Rose to 14% in Q3 2024 –CBN
The Central Bank of Nigeria (CBN) reported a notable improvement in the banking sector’s Capital Adequacy Ratio (CAR), which increased to 14.01%...
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81Nigeria Gets W’Bank $1.5b for Subsidy Removal, Tax Bills
The World Bank has fully disbursed a $1.5bn loan to Nigeria following the Federal Government’s implementation of key reforms, including removing fuel...
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81CBN Misappropriated ₦2.7tr Interests on Ways and Means –Auditor General
The Federal Government has accused the Central Bank of Nigeria of misappropriating N2.73tn in interest payments from Ways and Means advances, raising...
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85Access HoldCo Lauds NGX Invest over ₦351b Rights Issue
The Chairman, Access Holding Company Plc, Aigboje Aig-Imuokhuede, has commended the digital innovation efforts of the Nigerian Exchange Group following the successful...
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186Nigeria, Others Lose $1.6b Daily to Illicit Flows –AfDB
The African Development Bank has revealed that the continent loses about $1.6bn every day to illicit financial flows and profit shifting on...
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261Net Forex Inflow Fell to $14b in Q3 –CBN
The net foreign exchange inflow to the Nigerian economy in the third quarter of the year decreased by 2.97 per cent to...
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259Cash Scarcity: NLC Demands FG’s Immediate Intervention
Against the backdrop of persistent cash scarcity in Nigeria, the Nigeria Labour Congress (NLC) has demanded immediate government intervention to rectify the systemic...
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238Insurance Bill Will Grow Sector –NAICOM
The National Insurance Commission and some other stakeholders in the insurance industry have said that the passage of the new Insurance Consolidated...
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177Diaspora Remittances Rose by 61% –CBN
The Central Bank of Nigeria has revealed that diaspora remittances processed through International Money Transfer Operators reached $4.22bn between January and October...
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112
Senate Proposes Foreign Currency Ban for Local Transactions
The Senate, on Tuesday, passed for first reading a bill to ban the use of foreign currencies for payments and transactions within...
