Finance

Banks’ credits to private sector rise by 66% to…

Nigerian banks have created about N30 trillion in new loans and supports for the private sector in a sustained efforts that have seen the banking sector emerging as the...

FG denies plans to borrow N20trn from pension fund

Abuja, May 16, 2024 – The federal government has denied reports that it planned to borrow N20 trillion...

Why Court orders Binance to release Nigerian traders’ data….

Justice Emeka Nwite of the Federal High Court, Abuja has ordered Binance Holdings Limited to provide the Economic...

Why CBN raises MPR from 18.75% to 22.75% – Cardoso

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate...

Why 1,368 BDCs to get $20,000 CBN FX intervention

About 1368 eligible Bureau De Change (BDC) Operators in Abuja, Awka, Kano and Lagos are set to benefit...
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Crude Oil Refiners Task CBN On Intervention Fund

The Crude Oil Refiners Association of Nigeria (CORAN), the umbrella body of indigenous crude oil refiners, has appealed to the Central Bank of Nigeria(CBN) to create crude refinery intervention fund for its members.

Polaris Bank explains easy conversion of dollars to naira

Polaris Bank, one of Nigeria’s new generation banks, has outlined steps for converting dollars to naira at customers’ convenience.

World Bank Appoints Team Leader For ‘APPEALS’ Project

A new World Bank Task Team Leader (TTL) has been assigned for the Agro-Processing, Productivity Enhancement and Livelihood Improvement Support (APPEALS) Project.

Why AfDB, AGF solicit increased financing access for women entrepreneurs

The African Development Bank (AfDB) and the African Guarantee Fund (AGF) have stressed the need to close the finance access gap for women-led businesses to increase their contributions to the country’s economic growth.

Why ABCON cautions BDCs on regulatory infringement

The Association of Bureau De Change Operators of Nigeria (ABCON) has cautioned Bureau De Change (BDC) operators on the need to abide by extant...

Naira traded at N825 at black market, N795 at I&E window

The Nigerian currency, the naira, was traded at the average rate of N825 to the dollar at the parallel markets (black market) on Tuesday.
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