Central Bank of Nigeria has set a new minimum capital requirements for Nigeria banks. According to CBN the new minimum capital base…
Finance
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Nigeria equity market nudged higher as the benchmark index rose by 0.27% to close at 104,562.06 points. Renewed interest in MTNN (+0.91%), alongside sustained interest in tier 1 …
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EconomyFinanceNews
WBG publishes new data, aiming to boost investment in emerging markets, data shows untapped potential, resilience in emerging markets.
The World Bank Group today published sought-after proprietary statistics that reveal the credit risk profile of private and public sector investments in…
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Access Holdings Plc (“The Group”) has announced its audited Consolidated and Separate Financial Statements for the year ended December 31, 2023. In…
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The African Export-Import Bank (Afreximbank) has announced the successful completion of a first-of-its-kind India-focussed club deal for US$282.00 million. Initiated for the exclusive…
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A Nigerian lawyer T.J. Krukrubo, SAN, has withdrawn his legal representation of a fleeing Binance Executive, Nadeem Anjarwalla. The lawyer filed the latter’s…
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Recovering from the previous session’s loss, the Lagos bourse posted gains as the benchmark index rose by 0.32% to close at 104,283.64 points.…
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FinanceNews
How prepared are Nigerian banks to fight AI-powered fraudsters as U.S. banks lost $12.5bn
Internet crime cost Americans $12.5 billion in 2023. According to a report published Wednesday by the Treasury Department U.S. banks are struggling…
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Central Bank of Nigeria (CBN) at the end of its 294th monetary policy meeting further raised the MPR by 200bps to 24.75%…
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The bears sustained the run on the domestic bourse as the benchmark Index slipped 0.18% to settle at 103,952.47 points. Selloffs of MTNN (-1.70%), FBNH (-3.57%) and…
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BusinessFinanceNews
Afreximbank, CDP sign MoU for €200-million facility to support food security interventions across Africa
Cassa Depositi e Prestiti S.p.A (CDP) Italy, the official Italian financial institution for international development cooperation and Africa Export-Import Bank (Afreximbank) have…
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Opening the week, the local bourse nudged slightly lower as the benchmark Index shed 0.49% to settle at 104,136.35 points. Selloffs of Tier-1…
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Some financial experts have commended the Federal Government for some of its monetary policies that have led to the steady appreciation of…
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BusinessFinanceNews
Binance Executive Nadeem Anjarwalla escapes from custody – NSA Office as FG files tax charges
An executive of cryptocurrency platform, Binance Nadeem Anjarwalla, being held by Nigeria government has escaped from custody, according to the Office of…
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The Federal Ministry of Industry, Trade and Investment has unveiled the Bank of Industry’s (BoI’s) palliative food programme in its bid to…