GTBank Obtains Approval to Restructure to a Financial HoldCo
Guaranty Trust Bank Plc (GTBank or the Bank) is pleased to announce that it has obtained the approval-in-principle of the…
Nigeria will hit borrowing capacity soon –El-Rufai
Nigeria is almost reaching its maximum capacity to borrow and must be proactive in ramping up tax revenue collection, the…
Review of new CAMA- Experts
Financial experts have called for the amendment of some sections of the new Company and Allied Matters Act as a…
FG looks to Brazil for fresh $1.2bn loan
The Federal Government is seeking a $1.2bn external borrowing from Brazil to finance agricultural programmes in the 2021 budget. A…
Nigeria set to borrow N6trn in 2021
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria’s total public debt will hit N38tn by…
Gadol Financial Services Secures CBN’s Operating Licence
Gadol Financial Services Limited has received the final approval by the Central Bank of Nigeria (CBN) to operate in the…
Growing PoS fraud poses nightmares to bank customers
There are indications that bank customers will continue to face nightmares of losing money from fraud perpetrated by Point of…
Remittance Costs Higher in SubSaharan African Countries than South Asian Countries — World Bank Study
A new study by the World Bank shows that it costs 4.98% on average to remit funds to South Asia…
Consumers’ confidence in the economy dropped in Q3 — CBN report
Consumers’ confidence in the economy dropped in the third quarter of the year, according to a survey by the Central…
Wike seeks CBN’s support to boost $12m cassava initiative
Rivers State governor, Nyesom Wike, has charged the Central Bank of Nigeria and the Federal Ministry of Agriculture to support…