Archives for MONEY MARKET - Page 4
CBN reduces interest rate to 26.5%
CBN Governor, Olayemi Cardoso The Monetary Policy Committee of the Central Bank of Nigeria has reduced the benchmark interest rate to per cent. This was the second time the MPC…
Recapitalisation: Banks raise N4tn ahead of March deadline
Banks have raised in verified and approved capital ahead of the March 31, 2026, recapitalisation deadline set by the Central Bank of Nigeria. The CBN Governor, Olayemi Cardoso, disclosed this…
Driving Growth Through Sustainability: FirstBank’s Commitment
Olusegun AlebiosuMD/CEO FirstBank Sustainability has become a critical priority for businesses and governments across the world, driving growth, innovation, and positive change. As the world grapples with climate change, social…
Hidden Workforce of 2026 Access Bank Lagos City Marathon
When the final runner crossed the finish line at the 11th edition of the Access Bank Lagos City Marathon (ABLCM), the applause began to fade. But for hundreds of workers…
Nigeria’s W’Bank IDA debt hits $18.7bn
Nigeria’s debt to the World Bank’s concessional lending arm, the International Development Association, surged by $ in just one year to reach $ as of December 31, 2025, new financial…
Sterling HoldCo Allots Shares In Oversubscribed Public Offer
BY NGOZI ONYEAKUSI Sterling Financial Holdings Company Plc has ccommenced t allotment process for its 2025 Public Offer of 12,581,000,000 ordinary shares of 50 kobo each at ₦ per share.…
Cardoso Tasks Central Banks, DFIs on Africa’s Growth
BY NGOZI ONYEAKUSI Cardoso The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has stated that Africa must grow, industrialise, create jobs, expand opportunities, and lift millions out…
Zenith Bank Dissociates Jim Ovia From ‘Fraudulent’ A I Investment Scheme
BY NGOZI ONYEAKUSI Jim Ovia The Management of Zenith Bank Plc has advised the public to disregard videos circulating online linking the bank’s Group Chairman, Dr Jim Ovia, as endorsing…
Unity, Providus Banks Conclude Merger as Integration Progresses
BY NGOZI ONYEAKUSI Following the recently held Court-Ordered Meeting and subsequent overwhelming endorsement, the merger and business combination between Unity Bank Plc and Providus Bank Limited remains firmly on course.…
NDIC Reaffirms Commitment to Prompt Payouts, Strengthens Claims Process
NDIC MD The Nigeria Deposit Insurance Corporation (NDIC) has reiterated its commitment to ensuring prompt access to depositors’ funds in the event of a bank failure, following significant improvements to…
