Indication has emerged that the Central Bank of Nigeria (CBN) has given commercial banks and dealers in the forex market the green…
Finance
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FinanceNews
Court orders CBN to pay MRA N1m damages for wrongful denial of information, disclose information requested
A Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to pay Media Rights Agenda (MRA) N1million as…
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Federal government revenue from company income tax declined by 37.79% in Q1 2023, falling from N753.88 billion to N469.01 billion. Local payments…
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EconomyFinanceNews
US central bank pauses interest rate hikes, signals two more increases likely in 2023 to fight inflation
After its sharpest flurry of interest rate hikes in four decades, the Federal Reserve held its key rate steady Wednesday but signalled…
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Opening the week, the local bourse rebounded by 3.99% to settle at 58,163.55 points. Investor interest in telco heavyweights, AIRTELAFRI (+7.78%), MTNN (+3.60%), ZENITHBANK…
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EconomyFinanceNews
Pay all actual from subsidy withdrawal to federation account—Finance Commissioners
Forum of Commissioners for Finance of Nigeria has called on the Federal Government to ensure that all accruals from the removal of…
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The bears continued to dominate the domestic bourse as the NGX All-Share Index (ASI) extended losses for a second consecutive session, falling…
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The Economic and Financial Crimes Commission (EFCC) has arrested 20 cybercrime suspects in Ilorin, Kwara State. A statement by Wilson Uwujaren, the…
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World Bank’s latest Global Economic Prospects report has said that global growth has slowed sharply and the risk of financial stress in…
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Recovering from the previous session’s loss, the domestic bourse posted gains as the benchmark index rose by 0.42% to close at 56,038.85 points. Renewed demand…
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EconomyFinanceNews
Nigerian Ministry of Health delegation accompanies Afreximbank on visit to AMCE project site to assess progress
Afrexim Bank has said that the former Honourable Minister of Health, Nigeria, Dr. Osagie Ehanire – accompanied by AMCE Executives, including CEO Brian…
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Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, has been named ‘Best Banking CEO of the Year in…
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FBN Holdings Plc has declared a final dividend of 50kobo per unit of shares for FY:2022 to be paid the 16th of…
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Nigeria Deposit Insurance Corporation (NDIC) is seeking inputs from critical stakeholders to make its Differential Premium Assessment System (DPAS) Framework more robust…
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The National Association of Microfinance Banks (NAMB) has directed all licensed Microfinance Banks (MFBs) nationwide to update it on their recapitalisation status…