Archives for MONEY MARKET - Page 140
Dollar shortage, subsidy, deficit financing threatening Nigeria’s growth – W ’BankÂ
 The World Bank has said that economic growth in Nigeria is being threatened by certain macroeconomic challenges, including dollar shortage, petrol subsidy and the fiscal deficit financing by the…
CBN retains benchmark interest rate at 11.5% to aid economic growthÂ
By Ngozi Onyeakusi--- The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to hold the Monetary Policy Rate (MPR) at per cent for…
Stanbic IBTC Infrastructure Fund Invests In 20,000MT LPG Storage Facility
By Ngozi Onyeakusi--- Stanbic IBTC Infrastructure Fund is delighted to announce its investment in the construction of a 20,000 metric tonne Liquified Petroleum Gas (LPG) storage terminal, the largest storage…
ACCESS BANK PARTNERS SME.NG TO ROLL OUT EBI MARKETPLACE
Herbert Wigwe, Access Bank MD By Ngozi Onyeakusi--- in partnership with Access bank Plc and other leading institutions, including the Bank of Industry (BOI), LAPO Microfinance Bank, Chapel Hill…
Unity Bank Targets Women With Launch Of Yanga Account
A building donated by Unity Bank Plc to the Borno State Universal Basic Education Board, SUBEB. By Ngozi Onyeakusi---In its bid to demonstrate increased commitment towards promoting financial inclusion and…
Capital inflow crashes by 80%, as foreign investors shun Nigerian marketÂ
Naira Capital inflow to Nigeria has crashed by 80 per cent in two years, the Central Bank of Nigeria reports have indicated. Specifically, capital inflow to Nigeria fell from $…
Heritage Bank CEO bags Banker of Year SMEs & Agric 2021 award
R-L: Ayodele Aminu, MD/Editor-in-Chief, New Telegraph Newspaper; Jude Monye, Executive Director, Heritage Bank Plc; Titilola Docemo, Regional Head, Lagos Island 2A; Olugbenga Awe, Divisional Head, Agric Finance & Export; Ozena…
Manufacturers owe banks N3.71tn, borrow N520bn in eight monthsÂ
Operators in the nation’s manufacturing sector saw their combined debt to Nigerian banks rise to as they borrowed N520bn from January to August. Banks’ credit to the sector by…
FIRSTBANK UNVEILS FULLY AUTOMATED SELF SERVICE BRANCH, STRENGTHENS DIGITAL TRANSFORMATION
By Ngozi Onyeakusi---First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services organisation has announced the launch of its fully automated branch, called the FirstBank Digital Experience…
Africa’s industrialization agenda is at the heart of AFCFTA – Wabote
By Ngozi Onyeakusi--- The Executive Secretary of the Nigerian Content Development and Monitoring Board, NCDMB, Simbi Wabote, has said that Africa’s industrialization agenda is at the heart of AFCFTA and…
