Latest News
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312Industry & MoneyBanks Expand Loans Size by 57% to ₦37.2tr
Amidst tight monetary policy and economic contractions, loan portfolio of leading Deposit Money Banks in Nigeria expanded by 57 percent to N37.17...
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247Banking & FinanceCentral Bank Halts Four MFBs from Onboarding New Customers
In a move highlighting ongoing scrutiny of foreign exchange transactions, the Central Bank of Nigeria (CBN) has directed four major Microfinance Banks...
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113Industry & MoneyFG Begins Fresh Bid Rounds for Oil Blocks
The Federal Government on Monday announced the commencement of the 2024 oil bid rounds in accordance with the provisions of the Petroleum...
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302Banking & FinanceLagos, Rivers lead States in ₦18b Bank Fraud Loss
The Nigeria Inter-Bank Settlement System has revealed that Lagos, Rivers States and the Federal Capital Territory led the financial fraud count in...
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125Stock MarketStock Market Kicks Off Bearish
EQUITIES The domestic stock market kicked off on a bearish note as sell pressures on GTCO (-7.9%), DANGSUGAR (-10.0%), SEPLAT (-2.3%) and...
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168Money MarketVolatility: ABCON to Operate Unified Retail FX Operations
To checkmate FX volatility, the Association of Bureaux De Change Operators of Nigeria (ABCON) has revealed that it is working on establishing a...
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300Industry & MoneyCredit to Manufacturing Sector up 39% to ₦7.73tr
In spite of numerous challenges confronted by manufacturers in Nigeria, the manufacturing sector’s borrowings from the nation’s banking sector rose by N2.17 trillion...
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184UncategorizedNCC Urges Telcos to Share Infrastructure for Better Service, Lower Costs
The Nigerian Communications Commission (NCC) has urged telecom companies in Nigeria to work together and share infrastructure. This collaboration aims to reduce costs...
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109Industry & MoneyFG Plans $10b Diaspora Investment fund
The federal government has announced plans to set up a $10 billion diaspora fund to attract investment from citizens living abroad. Minister...
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61.8KOpinionWhy Nigerian Taxpayers Suffer Low Tax Morale
INTERVIEW –Victor Athe, Partner, Tax Services, Stransact Chartered Accountants discusses in an interview with The Vanguard newspaper why Nigerians are feeling overburdened...
