Why CBN Revoked Heritage Bank’s Licence
The Central Bank of Nigeria (CBN) has shed more light on why it revoked the banking licence of Heritage Bank…
Afreximbank, APPO sign pact establishing Africa Energy Bank
African Export-Import Bank (Afreximbank) and the Africa Petroleum Producers’ Organisation (APPO) have signed the Establishment Agreement and the Charter of…
NDIC to Repay Heritage Bank Customers Within One Week – MD
The Nigerian Deposit Insurance Corporation (NDIC) says the payment of depositors at Heritage Bank will commence before the end of…
Gambia secures $92.71 million financing from World Bank
The World Bank’s Board of Executive Directors has approved a $92.71 million financing for The Gambia Resilience, Inclusion, Skills, and…
BDC Operators Ask CBN to Lower Exchange Rate
The Association of Bureaux De Change Operators of Nigeria has appealed to the Central Bank of Nigeria to adjust and…
Recapitalisation: Banks Sweat over Exclusion of N3.8trn Retained Profit
As bankers begin from tomorrow to strategise on how to meet the new capital structure prescribed by the Central Bank…
Nigeria’s Naira Hits Record Lows, N1,712/$, Stocks Sink As Investors Sell off Local Assets
Stocks on Nigeria’s All-Share Index fell 3.15% on Monday after banking, consumer goods and industrial shares dropped, to post their…
With $1.8bn inflow last week, Nigeria’s economy has positive outlook, says Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, yesterday, said despite the apparent gloomy picture of the…
FG to borrow N2.5tn via bonds, says DMO
The Federal Government is seeking to raise N2.5tn in its second FGN bonds auction of the year. Debt Management Office…
UK economy enters recession
UK economy has entered recession after recording two successive quarters of negative economic growth in the second half of last…