Cryptocurrency Firms Usurp Banking Activities, Regulators Warn
Financial regulators globally have expressed apprehension at the rate crypto firms are moving into the formal banking system without inhibitions…
Lagos Free Zone Company raises N10.5bn 20-year infrastructure bond
Lagos Free Zone Company (LFZC), the first free zone in Nigeria with a fully integrated deep seaport, has successful issued…
EU partners FIRS to sensitise CSOs on tax compliance
The European Union under its Agents For Citizen-Driven Transformation (ACT) programme is collaborating with the Federal Inland Revenue Service (FIRS)…
FG targets $6.2bn in eurobond issuance
The Federal Government has announced plans for a eurobond issuance at the international capital market (ICM) to raise $6.2 billion…
Naira Slumps to All Time Low of N570/$1 at Parallel Market
THE gap between the official and unofficial market exchange rates widened to N157.94 at the close of business on Thursday,…
Invest Africa Partners Japanese Mitsubishi Financial Group to Support Africa’s Sustainable Recovery
One of the world’s leading financial groups, Mitsubishi UFJ Financial Group (MUFG), is partnering with Invest Africa, the leading trade…
DMO alerts on default as Nigeria’s debts hit N35.5 trillion
The country’s national debt stock hit N35.5 trillion at the end of June 2021, the Debt Management Office (DMO) revealed…
Inflation drops to 17.01% in August
The National Bureau of Statistics (NBS) on Wednesday announced that inflation rate in Nigeria reduced to 17.01% in August, 2021.…
Nigeria to join New York, Singapore, London as international financial hub
Nigeria is set to join a very small elite group of countries operating an international financial hub. The international financial…
Non-performing loans declining but remain above benchmark – CBN
The non-performing loans in the banking sector slightly declined from 5.8 per cent in May to 5.7 per cent in…