Archives for MONEY MARKET - Page 115
GTCO Posts Profit Before Tax of ₦54.3billion
By Ngozi Onyeakusi---Guaranty Trust Holding Company Plc (GTCO) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2022, to the Nigerian Exchange Group…
FG records N2.23tn fiscal deficit in three months – CBN report
The Federal Government recorded fiscal deficit in the fourth quarter of 2021. This was revealed by figures obtained from the Central Bank of Nigeria’s economic report for the fourth quarter…
Nigeria, other African countries resolve to protect most vulnerable from impact of high food, energy prices
Nigeria and other African countries have agreed to protect the most vulnerable in the society in their various countries. They reached the agreement at the African caucus meeting with the…
Tax Harmonization and Prospects for Nigerian Economy
By Kelechi Okoronkwo --- To harmonize means to produce a pleasing combination; the way it happens in music production. Different sounds and notes are blended to produce harmony; and…
High food prices to prevail in Nigeria, others till 2023 – IMF
IMF logo The International Monetary Fund says the impact of the war in Ukraine is likely to sustain pressure on commodity prices, affecting oil and gas prices severely in…
Cooking gas price increases by 83% in one year – NBS report
The National Bureau of Statistics has disclosed that average retail price for cooking gas increased by per cent from in March 2021. The report titled, “Liquefied Petroleum Gas (Cooking Gas)…
Stanbic IBTC Urges SMEs to Digitise Products, Services
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has urged small and medium size enterprises (SMEs) in Nigeria to digitise their products and services to drive…
IMF upgrades Nigeria’s economic growth forecast to 3.4%
The increase in global oil prices has caused the International Monetary Fund to review IMF logo Nigeria’s economic growth potential to per cent in 2022. The IMF disclosed this…
Despite CBN’s clampdown, Nigerians traded N316.9bn bitcoin in 2021
Nigerians traded at least in bitcoin in 2021 despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the nation’s banking system. Last February, the CBN directed banks in…
Access Bank Introduces Online Account Opening Platform
By Ngozi Onyeakusi ---Nigeria’s largest lender in the SME space Access Bank plc has unveiled an online account opening platform for unregistered businesses. The online account opening platform…
