President Bola Ahmed Tinubu has called on the People’s Republic of China to increase its $50 billion aid package for Africa and…
Category:
Finance
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Building on its long-standing presence in sub-Saharan Africa, First Bank of Nigeria Limited is gearing up for its next growth phase as…
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China Development Bank said that it has approved a loan of $254.76 million (€245 million) for the Kano-Kaduna railway project in Nigeria.…
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China’s external reserves totalled 3.2024 trillion U.S. dollars at the end of December 2024, down by $63.5 billion, or 1.94 per cent,…
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Guaranty Trust Holding Company Plc (GTCO) says it has successfully completed the first tranche of its equity capital raise programme. This followed…
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Debt Management Office says the federal government has made adequate budgetary provisions to meet the country’s foreign and local debt obligations. The…
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As Nigerians prepare for the year-end festivities, Ecobank Nigeria has guaranteed its customers uninterrupted access to banking services through its digital platforms…
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The Naira exchange rate gained across the foreign exchange markets as a surplus FX position keeps demand pressures in check. According to…
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The Central Bank of Nigeria (CBN) has directed Point-of-Sale agents to limit their daily cash-out transactions to N100,000 per individual customer. The…
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Finance
SEC to prosecute celebrities, influencers promoting crypto assets without ‘sponsored’ labels for followers
Securities Exchange Commission has reviewed its guidelines to prescribe three-year jail terms for Nigerian celebrities and social media influencers who promote cryptocurrency…
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In a landmark achievement, the Advisory Board of the African Sustainability Awards in partnership with United Nations Educational, Scientific and Cultural Organization…
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Nigeria’s currency outside the banking system hit an all-time high of N4.2 trillion as of October 2024, despite several policies aimed at…
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The Central Bank of Nigeria (CBN) raised N2.087 trillion from OMO and Treasury bills at the primary market auctions last week. The…
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Finance
UBA donates N500m to Lagos State Security Trust Fund, pledges support for State’s effort at improving security
United Bank for Africa(UBA) through UBA Foundation, its corporate social responsibility arm, has donated the sum of N500 million to the Lagos…
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Securities and Exchange Commission says the federal government issued six Sovereign Sukuk worth N1.1 trillion ($657.6 million) to finance 124 federal road…