Finance
Central Bank of Nigeria Issues Comprehensive Reversed Regulatory and Supervisory Guidelines for Bureau De Change Operations
...Stricter Regulations and Defined Boundaries Set to Govern BDC Activities In a significant move to tighten oversight and streamline operations...
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Revaluation of Dollar-Denominated Loans Triggers Drop in Nigerian Banking Sector’s Solvency
The Central Bank of Nigeria (CBN) Financial Stability Report (FSR) for the first half of 2023 reveals that the solvency...
Read moreBank Credit to Private Sector Surges to N76.94 Trillion in January 2024
In January 2024, bank credit to the private sector in Nigeria surged to N76.94 trillion, marking an impressive increase of...
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Firstbank Set To Reward Customers With 36 Million Naira In The Second Season Of Its Firstmobile Cash-Out Promo
FirstBank has launched the second season of its Cash Out promo designed to reward users of FirstMobile, its industry-leading mobile banking solution....
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Fitch Rates Nigerian Banks Stable Amid Macroeconomic Challenges
Global rating agency Fitch Ratings has affirmed that several Nigerian banks possess intrinsic strengths enabling them to maintain a stable...
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President Tinubu Appoints Olayemi Cardoso as Chairman of CBN’s Monetary Policy Committee
President Bola Ahmed Tinubu has appointed Olayemi Cardoso, the current Governor of the Central Bank of Nigeria (CBN), as the...
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Crude Oil Prices: Agusto & Co. Warns of significant Impact on Nigeria’s Economy and GDP growth in 2024
Pan-African Credit Rating Agency Agusto & Co. has predicted a shift in crude oil prices, estimating that they may settle...
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2024 Economic Outlook: Expert Highlights Key Influencing Factors, Says Banking Sector Faces, Says Banking Sector Faces Dynamic interplay of policy changes
As the first quarter of 2024 unfolds, the Head of Financial Institutions Ratings at Agusto and Co, Ayokunle Olubunmi, has...
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Senate Committee Urges Central Bank of Nigeria to Combat Inflation for Economic Stability
In a bid to address the rising inflationary pressures in the country, the Senate Committee on Banking, Insurance, and other...
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Market Recap: Profit-Taking in MTNN Drives Bearish Start; Naira Strengthens
The domestic equities market kicked off the week on a bearish note, with profit-taking activities in MTNN (-5.5%) weighing on...
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