Archives for MONEY MARKET - Page 57
Unity Bank Posts Gross N27.5bn Earnings in H1’2023
Unity bank logo Retail lender, Unity Bank Plc has grpwn its deposits to billion, representing a marginal increase of 2% compared to billion recorded in H1’22 in its Half-Year unaudited…
Nigeria’s capital expenditure very low – W’Bank
The World Bank Country Director for Nigeria, Mr Shubham Chaudhuri, has said that public spending in the country is among the lowest globally. He said this while making his keynote…
Why IADI–ARC Appoints NDIC, Boss, Bello Vice Chairperson
NDIC MD By Ngozi Onyeakusi---The International Association of Deposit Insurers, African Regional Committee (IADI-ARC) has appointed the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan…
Ecobank Remodels Branches For Enhanced Customer Experience, Service Delivery
Admiralty Way, Lekki; Ajose Adeogun, ; Maitama, Abuja; Aba Road, Port Harcourt and seven others already wear new look By Ngozi Onyeakusi--Ecobank Nigeria has started the remodeling of its…
NDIC Boss In Discussion With Hon. Minister of Finance and Coordinating Minister of Economy, Mr. Wale Edun
MD/CEO, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan in a discussion with the Hon. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, at the end…
Cash shortage: Bank borrowing from CBN hits N12tn
Banks There are indications that commercial banks and merchant banks are increasingly depending on the Central Bank of Nigeria for liquidity as their borrowing from the apex bank has intensified…
CBN loan to manufacturers, power firms rise to N5.6tn
MAN logo The Central Bank of Nigeria's intervention in the power, manufacturing and aviation sectors has risen to in three years, according to findings by The PUNCH. The soft loans…
CBN Brings Back BDC, Introduces New Operational Mechanism
In a significant shift that marks the re-entry of Bureaus de Change (BDCs) into the country’s foreign exchange market, the Central Bank of Nigeria (CBN) has unveiled a series of…
Currency in circulation falls to N2.59tr
The amount of currency in circulation in the country dropped from at the end of June 2023 to trillion at the end of July 2023. The last time the currency…
Ecobank To Promote Ease Of Cross-Border Business Via Foreign Currency Transfer On Mobile, Omnilite Apps”
By Ngozi Onyeakusi---Ecobank has reiterated that the introduction of Foreign Currency transfer on Ecobank Mobile and Omnilite app is to promote and facilitate ease of cross-border business and financial transactions,…
