Archives for MONEY MARKET - Page 103
Fidelity Bank Redeems $400m Eurobond Notes
Nneka Onyeali-Ikpe, MD/CEO Fidelity Bank By Ngozi Onyeakusi---Fidelity Bank Plc. has announced the redemption of the $400,000, Eurobond Notes due October 17, 2022. On October 17, 2017, the bank successfully…
Food Supply, FX Crises Worsen As Nigeria Inflation Hits 20.77%,
By Ngozi Onyeakusi---National Bureau of Statistics has disclosed that Nigeria’s Inflation has soared as high as per cent in September as food supply, foreign exchange crisis, and increases in…
Despite Epileptic Power Supply, Banks’ Credit to Energy Sector Hits N15.55trn
Naira Against the backdrop of worsening power supply in Nigeria, Deposit Money Banks’ (DMBs) credit to the power and energy sector increased to between 2019 and 2021, the National Bureau…
NBS: States Raked in N5.10 Trillion IGR in Three Years
The 36 states of the federation including the Federal Capital Territory (FCT) generated a total sum of trillion in Internally Generated Revenue (IGR) between 2019, 2020, and 2021, according to…
IMF lowers Nigeria’s growth projection to 3.2%
IMF logo The International Monetary Fund has lowered Nigeria’s 2022 economic growth projection to per cent. This is percentage points lower than the percent projected in its July 2022 report.…
Stanbic IBTC Explores Avenues To Achieve Net Zero Emissions
Stanbic IBTC Holdings, a member of Standard Bank Group, resolved to explore avenues to achieve net zero emissions by 2050, with the hope to create a more sustainable future for…
Stanbic IBTC Supports Digital Trade Payment Solution with First Outbound PAPSS Transaction
By Ngozi Onyeakusi---Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, completed the first outbound and inbound transaction on the Pan-African Payment and Settlement System (PAPSS) platform in Nigeria.…
FirstBank: A triumphant Return to the Nigerian Banking Frontline
Adesola-Adeduntan-MD_CEO FirstBank- The story of Corporate Nigeria in 2022, cannot be complete without a chapter on the incredible performance of First Bank of Nigeria Limited, which saw the hitherto encumbered…
Buhari Presents 2023 Budget Estimate Of N20.51trn To National Assembly
Buhari By Ngozi Onyeakusi—President Muhammadu Buhari today presented before a joint session of the national assembly in Abuja the proposed trillion budget estimates for the 2023 financial year .…
Leadway Assurance, Nestle Others Join Sterling To Unlock $1 Trillion at ASA 2022
By Ngozi Onyeakusi---Sterling Bank Plc has announced plans with her partners Leadway Assurance, Nestle Nigeria Plc, Microsoft Nigeria, Thrive Agric, GIZ, Stears Data and others for this year's…
