Banking & Finance
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113Recapitalisation: Banks Have Raised ₦1.7tr Via E-Offering –SEC
The Securities and Exchange Commission (SEC) has disclosed that banks have collectively raised about N1.682 trillion via e-offering in the ongoing recapitalisation exercise....
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132Credit Corporation to Offer 1m Consumers Loans for Local Purchases
The Nigerian Consumer Credit Corporation (CREDICORP) has unveiled another initiative, Securing Consumer Access for Local Enterprises (SCALE), aimed at empowering one million...
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129CBN Warns Public Against Fraudulent Contractors
The Central Bank of Nigeria, CBN, has warned members of the public against fraudsters going about with claims of contract awards from...
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116Nigeria’s Debt to IDA Hits $17b –Report
Nigeria has retained its position as the third-largest debtor to the World Bank’s International Development Association, with its exposure climbing to $17.1bn...
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171FEC Approves ₦47.9 Trillion Budget Proposal For 2025
The Federal Executive Council (FEC), yesterday approved a N47.9 trillion federal budget estimate for the 2025 fiscal year during its meeting at...
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172Tax Committee Proposes Relief for Loss-Making Firms
The Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has disclosed that the committee has put forward a...
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167
Islamic Financing Rises to $3.8b, Says NAICOM Chief
The Islamic financing in the country has grown to about three per cent of the country’s total financial market with an estimated...
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207
CBN Launches Initiatives to Drive Financial Inclusion
The Central Bank of Nigeria has officially launched three initiatives to drive financial inclusion in the country. The initiatives were launched at...
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191Tax Panel Proposes Relief for Loss-making Firms
The Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has revealed that the panel has proposed tax relief...
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102Interest Rate, Others Drive Foreign Portfolio Investment Up by 170%
The Central Bank of Nigeria, CBN’s, high interest rate regime and foreign exchange policy have whetted the appetite of Foreign Portfolio Investors,...
