Banking & Finance
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224FG Promises Single-Digit Interest Loans for SMEs
The Federal Government has stated that it will begin disbursement of loans at a single-digit interest rate to Small and Medium Enterprises...
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261$5b African Energy Bank Gets 2025 Date
The Federal Government of Nigeria has set January 28, 2025, as the deadline for the operationalisation of the $5billion Africa Energy Bank...
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229Amid Liquidity Crunch, Banks Borrowed ₦18.09tr from CBN in October
Financial data released by the Central Bank of Nigeria (CBN), has revealed that deposit money banks and merchant banks in the country...
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268FG Offers Nine-month Window for Free Forex Deposit
The Federal Government on Thursday announced a nine-month programme beginning on October 31, 2024, that allows individuals to deposit dollar bills held...
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254IMTO Inflows Up 47% to $2.33b in Six Months
Data released by the Central Bank of Nigeria (CBN) showed that Inflows through International Money Transfer Operators (IMTOs) grew by 47 per...
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235NSITF Moves to Ensure Security in Agency Banking, Fintechs
In a bid to enhance the security and welfare of workers in the informal sector, the Nigeria Social Insurance Trust Fund (NSITF) has...
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209CBN to Use Any Tool to Fight Inflation –Cardoso
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank is prepared to use any tool...
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190FG Plans Tax Overhaul to Access $750m W’Bank Loan
The Federal Government is pressing ahead with critical tax reforms not just to boost tax revenue and efficiency but also to meet...
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351
‘₦5m Insurance Coverage will Enhance Depositors’ Safety Nets’
At the weekend, Mukhail Abiru, Chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, stated that the recent increase...
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329CBN: No Retirement Date for Old Naira Banknotes, Remain Legal Tender Indefinitely
The Central Bank of Nigeria (CBN), yesterday said it does not intend to discontinue the circulation of the old series of N200,...
