Archives for MONEY MARKET - Page 5
Nigeria’s World Bank debt to hit $9.65bn
World Bank loans to Nigeria between 2023 and 2025 are projected to reach $ by the end of this year as fresh approvals, ongoing negotiations, and disbursements gather pace across…
FirstBank Elephant Girls Crowned Zone 3 Champions, Qualify for WBLA Final Round
Olusegun AlebiosuMD/CEO FirstBank FirstBank Basketball Club of Nigeria, popularly known as the “Elephant Girls”, have secured their spot in the final round of the Women’s Basketball League Africa (WBLA), scheduled…
CBN Ends Cash Deposit Limit For Bank Customers, Raises Weekly Withdrawal
BY NGOZI ONYEAKUSI CBN Governor, Olayemi Cardoso The Central Bank of Nigeria has removed all cash-deposit limits for bank customers even it mmaintained strict weekly withdrawal ceilings under a revised…
EBA Purchase: AMCON Repays N3.6tri To CBN Till date
BY NGOZI ONYEAKUSI Asset Management Corporation of Nigeria (AMCON), the government-owned agency established in 2010 to stabilize and revitalize the Nigerian financial system, has repaid about trillion to the Central…
FMDQ FC4S Lagos, FSD Africa, Chapel Hill Denham, Kaltani in Landmark Sustainable-Finance Collaboration
BY NGOZI ONYEAKUSI L – R: CEO, KALTANI, Engr. Obi Charles Nnanna; Group COO, FMDQ Group, Ms. Tumi Sekoni; Financial Markets Associate, FSD Africa, Ms. Joy V. Kendi; Vice…
NDIC, NIESV Strengthen Partnership on Failed Bank Asset Valuation
BY NGOZI ONYEAKUSI NDIC MD The MD/CE of the NDIC, Mr. Thompson Oludare Sunday, has called on the Nigerian Institution of Estate Surveyors & Valuers (NIESV) to strengthen strategic collaboration…
CBN: 16 banks scale recapitalisation hurdle
The Central Bank of Nigeria (CBN), has said that 16 banks have successfully scaled through the recapitalisation hurdle, meeting the revised capital requirements set under its ongoing banking sector reforms.…
CBN Retains MPR at 27%
BY NGOZI ONYEAKUSI CBN Governor, Olayemi Cardoso The Central Bank of Nigeria (CBN), Tuesday, resolved to keep the Monetary Policy Rate (MPR), the benchmark interest rate, unchanged at 27 per…
States pile up N1.06tn debt despite record allocations
States across the country owe contractors and retirees a combined in outstanding obligations despite receiving record revenue inflows in 2024, according to new data from BudgIT’s 2025 State of…
ZENITH BANK TECH FAIR 5.0 SPOTLIGHTS INNOVATION, AWARDS ₦140 MILLION CASH PRIZE TO HACKATHON WINNERS
BY NGOZI ONYEAKUSI A total cash prize of ₦140 million has been awarded to ten (10) African innovators to scale their transformative solutions after a keenly contested hackathon and pitch…
