Afreximbank disburses US$200 million to Zenith Bank to cushion COVID-19 impact
African Export-Import Bank (Afreximbank) has disbursed US$200 million to Zenith Bank Plc Nigeria under its Pandemic Trade Impact Mitigation Facility…
Sparkle Partners Visa to Empower Consumers, SMEs in Nigeria
Highly innovative Nigerian fintech startup Sparkle, a digital ecosystem providing financial, lifestyle and business support services, has partnered Visa in…
CBN makes e-marine insurance mandatory for Form M
The Central Bank of Nigeria has made digital marine insurance certificate a mandatory requirement to obtain Form M. The bank…
FG debt now N24.52tn, recorded N561.71bn deficit – CBN
The Federal Government’s outstanding as of March 31 stood at the N24.52tn (excluding the states and the Federal Capital Territory…
Loans to households rose in Q2 – CBN report
Loans with collateral to households rose in the second quarter according to the Central Bank of Nigeria. The statistics department…
Subsidy withdrawal, condition for IMF, World Bank Support- Experts
The Federal Government’s removal of petrol subsidy and the increase in electricity tariff are in line with reforms being sought…
Fidelity Bank reports N11bn half-year profit
Fidelity Bank Plc has posted a 33.01 per cent increase in profit after tax for the half-year ended June 30,…
Naira set to gain as CBN resumes forex sales
The resumption of forex sales to the Bureau De Change operators by the Central Bank of Nigeria on Monday (today)…
CBN freezes 38 firms’ accounts over forex infractions, others
The Central Bank of Nigeria has instructed banks to place a post-no-debit on the bank accounts of 38 companies. The…
COVID-19 takes toll on banking services
By Osaze Omoragbon The coronavirus pandemic and the strict measures imposed to contain it have affected banking services in a…