Archives for MONEY MARKET - Page 5
NDIC COMMENCES AUCTION OF LANDED PROPERTIES, CHATTELS OF DEFUNCT HERITAGE BANK
BY NGOZI ONYEAKUSI NDIC MD In a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed Heritage Bank (In-Liquidation), the Nigeria Deposit Insurance Corporation…
Food inflation: Imported rice price jumps by 114%
The average price of imported high-quality rice sold loose has surged by percent year-on-year as the Federal Government delays implementing its duty-free food policy. This is according to the…
Access Bank Emerges Best Digital, Best Website at 2024 Digital Jurist Awards
NGOZI ONYEAKUSI Access Bank PLC has been named the 2024 Best Digital Award Winner in the Commercial Banks Category at the Digital Jurist Awards, organized by Phillips Consulting (pcl.).…
Access Holdings’ Total Assets Records ₦41.1 Trillion in Q3
As Gross Revenue Hits ₦ Trillion BY NGOZI ONYEAKUSI Access Holdings Plc, one of Africa’s leading financial institutions, has announced its unaudited results for the third quarter ended September…
ZENITH BANK GROSS EARNINGS HITS N2.9 TRILLION IN Q3 2024
BY NGOZI ONYEAKUSI Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2024, recording a remarkable triple-digit growth of 118% from trillion reported in…
Delay in zero VAT reduces manufacturers’ revenue by 8%: MAN
Pharmaceutical manufacturers are hit with losses of up to eight per cent due to the Federal Government’s delay in implementing its zero-Value Added Tax policy designed to ease the cost…
N5m insurance coverage will enhance depositors’ safety nets: Senate
At the weekend, Senator Mukhail Abiru Chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, stated that the recent increase in deposit insurance coverage by the Nigeria…
IFC, CBN Partner To Boost Local Currency Financing In Nigeria
BY NGOZI ONYEAKUSI CBN Governor, Olayemi Cardoso IFC, a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have signed an agreement to increase…
Ecobank Nigeria Launches AI and Digital Skills Training for Children in Lagos Schools
BY NGOZI ONYEAKUSI Ecobank Nigeria, a key member of the leading pan-African banking group Ecobank Group, has partnered with Opolo Global to deliver training and empowerment to schools in Lagos…
Debt servicing hindering Nigeria’s socioeconomic development: IMF
The International Monetary Fund has said that Nigeria allocates the majority of its revenue to debt servicing, leaving limited funds for critical development projects. Speaking during the Fiscal Monitor press…