Archives for MONEY MARKET - Page 54
MFBs Assets’ Value Hit N2.8trn In Q2 2024
Despite the economic headwind, the microfinance banking sector has continued to record impressive performance in all key assessment parameters with the sub-sector’s total assets reaching trillion, representing a 91…
BVN Enrolments Surge by 854,267 to 62.7m in Two Months
Enrolment for the Bank Verification Number (BVN) by bank account owners surged to million as of July 2024, recent data from the Nigeria Inter-Bank Settlement System (NIBSS), has revealed. This…
Access Bank Wins Euromoney Awards for Excellence 2024
Receives accolades for ‘Best Bank’ and ‘Best Bank for ESG’ By Ngozi Onyeakusi--- Access Bank has been honoured at the Euromoney Awards for Excellence 2024, being named Nigeria’s Best Bank…
DBN gets accreditation to disburse green fund
The Development Bank of Nigeria has received accreditation from the Green Climate Fund, to access green financing for Nigeria’s manufacturing sector, among others. In a statement, DBN Managing Director Tony…
Nigeria’s debt service ratio dropped by 29% in 1 year – Edun
Nigeria’s Finance and Coordinating Minister of the Economy, Wale Edun, on Thursday, reported a dramatic drop in the debt service ratio from an alarming 97 per cent in June 2023…
Again, CBN Increases Interest Rate To 26.75%
CBN Governor, Olayemi Cardoso By Ngozi Onyeakusi---The Central Bank of Nigeria (CBN) has again inceased the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from to…
ZENITH BANK RETAINS TOP SPOT AS NIGERIA’S NUMBER ONE BANK BY TIER-1 CAPITAL
Zenith Bank logo For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000…
Ecobank to Host SMEs on Solar Energy As Alternative Power Source
By Ngozi Onyeakusi---Ecobank Nigeria, a subsidiary of the Ecobank Group says all is set for its SME Conference on the use of Solar Energy as alternative source of power for…
WITH GIANTS CAMPAIGN, FIRSTBANK IS TRULY WOVEN INTO THE FABRIC OF SOCIETY
Olusegun AlebiosuMD/CEO FirstBank The ‘Giant in you’ campaign of the FirstBank has again confirmed the common expression that ‘apple doesn’t fall far from the tree’ given the history of…
Unity Bank Customers Win Over N4 Million in Cashtoken Rewards Promo
Unity bank logo By Ngozi Onyeakusi---The winners included no fewer than 40 customers who adopted and transacted on the Bank’s digital banking platforms, including the UniFi mobile banking application, the…
