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855 posts
CBN reports record remittance inflows at $553m for July 2024
The Central Bank of Nigeria (CBN), yesterday, announced a significant surge in remittance inflows, reaching an all-time high…
NNPC attributes N3.3trn profit to operational resilience
. Targets 2mbpd oil output by year-end By Tochukwu Bliss, Abuja The NNPC Limited has attributed its recently declared…
NDIC pays 82.36% of Heritage Bank depositors
The Nigeria Deposit Insurance Corporation (NDIC) says it has paid 82.36 per cent of depositors with above N5…
MAN urges CBN to address $2.4bn FX forward contracts
The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria (CBN) to explore avenues to…
MTN renegotiates Tower Lease Agreement with HIS, ATC
By Stanley Onyeka, Lagos Further to the Extraordinary General Meeting (EGM) held on 30 April 2024, MTN Nigeria…
CBN offers $876m to support FX markets liquidity
. Strengthens mechanism for retail to end users By Tochukwu Bliss, Abuja Central Bank of Nigeria’s (CBN), yesterday,…
Fitch downgrades Dangote credit rating, citing liquidity concerns
. As GCR affirms it AA+(NG)/ A1+(NG) By Stanley Onyeka, Lagos Fitch Ratings has downgraded Dangote Industries Limited’s…
Heirs Insurance appoints Puri, Iroche as independent non-executive directors
By Stanley Onyeka, Lagos Heirs Insurance Group (HIG), has announced the appointment of Ibrahim Puri and Sonny Iroche…
CBN approves N700bn to boost Unity, Providus banks’ merger
By Stanley Onyeka, Lagos and Tochukwu Bliss, Abuja The Central Bank of Nigeria (CBN), has announced the approval…
U.S. farm agency to provide discrimination payments to 43,000 farmers
The U.S. Department of Agriculture said on Wednesday it has issued $2 billion of financial assistance to more…