Archives for MONEY MARKET - Page 4
NDIC Commits External Solicitors On Debt Recovery
BY NGOZI ONYEAKUSI NDIC MD The Nigeria Deposit Insurance Corporation has urged its external solicitors to be diligent in aiding the corporation to achieve its mandate of debt recovery and…
Personal loans rose to N3.3tn in November: CBN
Nigeria’s personal loan portfolio rose by per cent to in November 2024, according to the latest monthly report by the Central Bank of Nigeria. The sharp increase in consumer borrowing…
Cardoso Urges Greater Backward Integration in the Telecom Sector
BY NGOZI ONYEAKUSI CBN Governor, Olayemi Cardoso The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has renewed calls for deeper backward integration in the telecommunications sector,…
CBN Reviews ATM Transaction Fees, Scrap Free Withdrawals
CBN Governor, Olayemi Cardoso The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs). In a circular signed by John…
Fidelity Bank Records 238% Oversubscription In First Phase of Capital Raise
BY NGOZI ONYEAKUSI Nneka Onyeali-Ikpe, MD/CEO Fidelity Bank Leading financial institution, Fidelity Bank Plc, has announced the successful conclusion of the first tranche of its equity capital raise through its…
Nigeria’s Per Capita Income Plunges To $835.49 — IMF
BY NGOZI ONYEAKUSI I Despite a positive forecast of per cent for Nigeria’s economic growth, new data from the International Monetary Fund (IMF), revealed yesterday, that the country’s per capita…
Access Bank Champions Accelerated Action for Africa’s Sustainable Future
BY NGOZI ONYEAKUSI Access Bank PLC has reinforced its leadership in sustainable finance and climate action as the Gold Sponsor of the Nigeria Climate Change Forum (NCCF) in Abuja,…
NAICOM Collaborates With World Bank To Foster Growth
BY NGOZI ONYEAKUSI The National Insurance Commission (NAICOM) on Tuesday received a delegation from the World Bank, led by Mr. Mehnas S. Safavian, to explore opportunities for collaboration and growth…
Mobile money operators processed N71.5trn transactions in 2024: NIBSS
Nigeria’s mobile money sector experienced expansion in 2024, with licensed operators, processing transactions worth trillion between January and December. This represents a surge from the trillion recorded in 2023,…
Ecobank Rewards Winners With N42m in Total Prize Money
BY NGOZI ONYEAKUSI Head, Consumer Products & Segments, Ecobank Nigeria, Victor Yalokwu; one of the lucky winners of N500, in quarterly draws category, Aminat Adefaka; Head, Consumer Banking, Ecobank Nigeria,…
