Central Bank of Nigeria (CBN) has noted some misreporting that falsely implies the Bank disbursed US$1.259 billion to major oil sector operators…
Category:
Finance
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The money market remains solid in terms of liquidity, which kept the short-term interest rate benchmark movement in check. Banks’ placements increased,…
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Securities and Exchange Commission (SEC) has said that the removal of Nigeria from the Financial Action Task Force (FATF) grey list reflects…
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Nigeria’s external reserves has risen to $42.862 billion as of last week. According to the Central Bank of Nigeria (CBN), the reserves…
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Nigeria’s gross external reserves climbed to $42.865 billion on Wednesday, and most projections sampled showed that the year-end balance will reach $43…
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Federal Government of Nigeria (FG) has borrowed a total of N6.17 trillion from the domestic debt market within the first six months…
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FX inflows into the Nigerian foreign exchange market fell by about 33% week on week to $1.1 billion, an update from Coronation…
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Central Bank of Nigeria (CBN) will on Wednesday, October 22, 2025, conduct its Treasury Bills (T-Bills) Primary Market Auction (PMA), where a…
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Nigerian businesses continue to struggle with high operational costs, driven largely by excessive bank charges, multiple taxes, and inadequate infrastructure, which ranked…
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Sub-Saharan African governments are paying more to borrow at home than abroad as they turn increasingly to domestic banks to plug financing…
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Finance
Jim Ovia, Founder/Chairman Zenith Bank reaffirms strong commitment to shareholders value at NGX closing ceremony
Zenith Bank Plc’s Founder and Chairman, Dr. Jim Ovia, CFR, accompanied by the bank’s Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON,…
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Finance
Zenith Bank pays shareholders N1.25kobo interim dividend, sets stage for record full year returns
Zenith Bank Plc, on Friday, October 10, 2025, made good on its promise as it paid a total interim dividend of N51.3…
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Finance
Nigeria eyes debut global sukuk to raise total of $2.8bn, AfDB to lend $500m in budget support
Nigerian President Bola Tinubu has asked parliament to approve $2.3 billion in new loans and authorize the issuance of a $500 million…
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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…