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Finance
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FG seeks collaboration to fight financial crime
The federal government says collaboration is crucial to fighting financial crime and encouraging clean investment. The Minister of…
Bank liquidation: NDIC promises Heritage, Fortune depositors of prompt payment
The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of the defunct Heritage Bank that challenges delaying access…
Ecobank celebrates successful issuance of $400m Eurobond at LSE
By Tochukwu Bliss, Abuja Ecobank Transnational Incorporated (ETI), parent of the leading pan-African Ecobank Group, today opened the…
Beware of fake SWIFT messages, CBN warns
By Tochukwu Bliss, Abuja The Central Bank of Nigeria (CBN) has cautioned the general public to beware of…
Tinubu writes Senate, seeks approval of new external borrowing plan of $2.2bn
President Bola Tinubu has sought the approval of the Senate for implementation of a $2.2 billion new external…
CBN to refund $22m as World Bank detects unaccounted $32m in water project
By Stanley Onyeka, Lagos The World Bank said it has uncovered $32 million in unaccounted funds in Nigeria’s…
UBA to raise N239bn via rights issue
By Stanley Onyeka, Lagos United Bank for Africa (UBA) Plc is seeking to raise additional N239.4billion through the…
SEC proposes N20m fine, jail term for Ponzi scheme operators
The Securities and Exchange Commission (SEC) says the Investments and Securities Bill (ISB) 2024 proposes a penalty of…
FG secures $134m AfDB loan to boost nationwide seeds, grain production
The Federal Government yesterday said it has secured a $134 million loan from the African Development Bank (AfDB),…
Nigerian Banks hold unknown quantities of legacy exposures – Moody’s
Moody’s Ratings has revealed that deposit money banks hold unknown quantities of legacy exposures after the Central Bank…