Finance
CBN holds MPR at 13.5%, raises cash reserve ratio
By Ruth Eshio Central Bank of Nigeria Monetary policy committee has held its benchmark interest rate at 13.5 per cent, its governor…
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Finance
Finance
Governing the coin: WEF sets up global consortium for digital currency governance
By Peace Gabriel Following extensive consultation with the global community, the World Economic Forum announced today the Global Consortium for Digital Currency…
Finance
CBN redeploys Yila from NIRSAL, other directors
CBN redeploys Yila from NIRSAL, other directors Central Bank of Nigeria said it has redeployed some of its directors. Those redeployed are…
Finance
Central Banks bracing up to digital currency, create new framework deployment
By Omoh Gabriel The World Economic forum has said that Central Banks around the world are waking up to digital currency and…
Finance
Shareholders invest $500m in new equity in Afreximbank
The African Export-Import Bank (Afreximbank or the Bank) announces that existing shareholders, including the Federal Republic of Nigeria and the Arab Bank…
Finance
Nigerian Equities Market rebounds… ASI up 45bps
Today, the equities market trended north on the back of gains in bellwethers. Consequently, the All-Share index climbed 45bps to 29,591.29 points. Similarly, YTD return…
Finance
EU warns trade partners to brace for climate tariffs
European Commission President Ursula Leyen, has warned major trading partners that a carbon tax on imports if its planned transition to carbon…
Finance
Access Bank, Wigwe honoured at THISDAY Silver Jubilee celebration
Access Bank and its Group Managing Director, Herbert Wigwe, were honoured as the ‘Bank of the Decade’ and ‘Banker of the Decade’…
Finance
Nigerian Stock Market sheds more gains… ASI down 2bps
Today, the equities market closed the trading session south on the back of sell-offs in ZENITH (-1.6%), WAPCO (-3.2%) and MTNN (-0.2%). Consequently, the benchmark index lost…
Finance
LCCI to CBN: supporting external reserves with foreign portfolio investment is unsustainable
By Omoh Gabriel Lagos Chamber of Commerce and Industry has said that the approach of central Bank of Nigeria supporting external reserves…
Finance
Equities Market reverses gains… ASI Sheds 83bps
Today, sell-offs in GUARANTY (-5.3%), DANGCEM (-1.1%) and ACCESS (-6.5%) ended the successive gains in the equities market as the All-Share Index slipped 0.8% to 29,462.76 points.…
Finance
Cybercrime to cost global economy $2.9m every minute in 2020—WEF
A new report released by the World Economic Forum finds that freeing ourselves of passwords will actually make us safer and businesses…
Finance
Zenith, MTN, GTbank shares lift stock market index
The market kicked-off the week on a positive note as gains in MTNN (+1.3%), GUARANTY (+1.5%) and ZENITH (+2.0%) drove the All-Share Index up…
Finance
IMF’s projects 2.5% growth for Nigeria economy in 2020, sluggish global recovery
By Omoh Gabriel International Monetary Fund IMF, has projected that Nigeria economy will grow by 2.5 per cent in 2020 and 2021.…
Finance
Ecobank partners NIRSAL, USAID, other development partners to increase loans to Nigerian farmers
Ecobank Nigeria is partnering with the Nigeria Incentive-based Risk-Sharing System for Agricultural Lending (NIRSAL), United States Agency for International Development (USAID), Development…