Nigerian President Bola Tinubu has asked parliament to approve $2.3 billion in new loans and authorize the issuance of a $500 million…
Category:
Finance
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Banks deposit at the Central Bank of Nigeria (CBN) standing deposit facility, has surged further to a huge surplus liquidity level in…
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Five of Nigeria’s lenders, led by Zenith and GTCO, collectively poured N126.8 billion into information technology (IT) in the first half of…
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Zenith Bank, GTCO, and other banking names drove the Nigerian Exchange (NGX) All-Share Index (ASI) and other key performance indicators higher on…
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FirstBank, the premier West African bank and a leading financial inclusion service provider, is set to introduce tailored financial services for blind,…
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First Bank of Nigeria Limited is partnering the organizers of the first of its kind E1 Lagos GP an all-electric powerboat racing…
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Central Bank of Nigeria (CBN) injected $150 million into the foreign exchange (FX) market to help the naira exchange rate redirection. The…
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Nigeria’s gross external reserves hit $42 billion this week, the highest level seen since September 2019, boosted by additional inflows across sources.…
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Finance
World Bank Group closes inaugural securitization transaction, marking pivotal step in private sector mobilization effort
World Bank Group, through its private sector arm, the International Finance Corporation, has closed its inaugural securitization transaction; successfully launching a new…
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Finance
Zenith Bank’s gross earnings hit N2.5trn in H1 2025, declares N1.25 interim dividend per share
Zenith Bank Plc’s financial results for the half year ending June 2025, posted profit before tax of N625.629 billion. Following this performance,…
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Finance
AfDB approves equity investment in “The Currency Exchange Fund” to support access to local currency financing across Africa
The Board of Directors of the African Development Bank Group has approved an equity investment of $25 million in The Currency Exchange…
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Central Bank of Nigeria (CBN) reduced interest rates on treasury bills across tenors at the primary market auction on Wednesday. The Apex…
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Central Bank of Nigeria said it’s pursuing economic reforms aimed at refocusing financial system stability and stimulating productivity. The CBN governor, Olayemi…
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Finance
CBN unveils Payments System Vision 2028 to drive inclusive, innovative, secure financial ecosystem
Central Bank of Nigeria (CBN) has kicked off the development of a new strategic framework for the country’s payments ecosystem with the…
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African Export-Import Bank Group has released its consolidated financial statements for the six months ended 30 June 2025 (H1’2025). Amid heightened geopolitical…