Finance

POWER CRISIS | FG TURNS TO BANKS FOR 23BILLION DOLLARS LIFELINE

In a determined effort to put an end to Nigeria’s persistent power supply challenges, the Federal Government has initiated high-level…

10 months ago

Bilateral Agreement | CBN Warns Trade Imbalance Threatening Nigeria-China Currency Swap Deal

The Central Bank of Nigeria (CBN) has expressed serious concerns over the persistent trade imbalance between Nigeria and China, warning…

11 months ago

PROJECTIONS FITCH PROJECTS | NIGERIA’S EXTERNAL DEBT SERVICE TO HIT 5.2 BILLION DOLLARS IN 2025

Fitch Projects Nigeria’s External Debt Service to Reach $5.2 Billion in 2025 Global credit rating agency Fitch has projected that…

11 months ago

NEWS | FAAC Allocation Drops for Third Consecutive Month, Hits ₦1.57 Trillion

The Federation Account Allocation Committee (FAAC) has reported a third consecutive monthly decline in revenue disbursements, with the federal, state,…

11 months ago

Really? | Can Nigerians Still Withdraw Their Money on CBEX? Here’s What You Should Know

Yes, Nigerians can still withdraw their money from CBEX, but recent regulatory updates have introduced new (more…)

11 months ago

CBN Denies “Fake” N5,000 and N10,000 Banknotes Amid Public Confusion

  The Central Bank of Nigeria (CBN) has strongly denied viral reports claiming it has introduced new N5,000 and N10,000…

11 months ago

Loan Alert | The World Bank has approved a $632 million loan for Nigeria.

The World Bank has approved a $632 million loan for Nigeria. This loan is aimed at supporting the country’s development…

11 months ago

Business: Sterling Bank Waives Online Transfer Fees

Nigeria’s Sterling Bank announced that, it will no longer charge customers for local digital transfers being the first major bank…

11 months ago

Crisis at Dangote Refinery: NNPC Ends Naira-for-Crude Deal, Fuel Supply to Nigerian Market in Jeopardy

  In a shocking development, Dangote Refinery has reportedly halted petroleum product loading for the Nigerian market as negotiations over…

11 months ago

UBA’s Women’s Month Event Sparks Backlash Over Gender Parity Debate

    Africa’s Global Bank, United Bank for Africa (UBA) Plc, has found itself at the center of a heated…

12 months ago