FG borrows more from CBN, now owes it N19tn
Despite growing concerns about its repeated recourse to central bank financing, the Federal Government borrowed N1.55 trillion from the Central
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Money
Dollar scarcity deepens as Nigeria’s forex reserves hit seven-month low
The shortage of dollars in Africa’s biggest economy is worsening as its foreign exchange reserves have dropped to a seven-month
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GTCO completes acquisition of Investment One Funds Management
Guaranty Trust Holding Company Plc announced on Monday that it had completed the acquisition of 100 percent shares in Investment
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Access Bank warns of investment entity promising ‘mouth-watering returns’
Access Bank Plc has dissociated itself from an online investment entity, known as Access Capital Investment Platform, promising “mouth-watering returns”.
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Nigeria’s Stanbic IBTC Holdings to establish fintech subsidiary
Stanbic IBTC Holdings Plc announced on Tuesday that it had commenced the process of seeking regulatory approvals to establish a
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First Bank board gets new executive directors
FBN Holdings Plc has announced the appointment of three executive members to the board of directors of its subsidiary, First
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Ecobank appoints MD-designate for Nigerian subsidiary as Akinwuntan bows out
Ecobank Group, a pan-African banking group, announced on Monday that Mobolaji Lawal has been appointed as Regional Executive and Managing
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Bitcoin posts biggest daily gain since July, tops $47,000
Bitcoin jumped on Friday, rising in a matter of minutes to its biggest daily gain since July, and other digital
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Afreximbank, AfCFTA roll out payment, settlement system
African Export-Import Bank and AfCFTA Secretariat have announced the operational roll-out of the Pan-African Payment and Settlement System. PAPSS was
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Nigeria’s forex reserves hit eight-month high of $36.26bn
Nigeria’s foreign exchange reserves have jumped to the highest level in eight months, according to the latest data from the
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