Archives for MONEY MARKET - Page 93
We generated $1.20bn through RT200 programme in Q3 2022 – CBN
The Central Bank of Nigeria (CBN) yesterday, revealed that its RT200 programme generated $ billion from repatriations at the end of the third quarter (Q3) of 2022. This was even…
83% debt service to revenue threat to economy – Minister
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, yesterday, lamented that the 83 per cent debt service to…
Union Bank, MobiHealth International partner on quality, affordable healthcare
Union Bank of Nigeria “Union Bank” has announced the first banking partnership with globally recognised telehealth services company Mobihealth International “Mobihealth” during a signing ceremony held at the United States…
FRC, IoDCCG, ICSAN, Hold Maiden National Summit On Corporate Governance
The Institute of Directors (IoD) Centre for Corporate Governance (IoDCCG) in conjunction with the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) and the Financial Reporting Council of…
Fidelity Bank Redeems $400m Eurobond Notes
Nneka Onyeali-Ikpe, MD/CEO Fidelity Bank By Ngozi Onyeakusi---Fidelity Bank Plc. has announced the redemption of the $400,000, Eurobond Notes due October 17, 2022. On October 17, 2017, the bank successfully…
Food Supply, FX Crises Worsen As Nigeria Inflation Hits 20.77%,
By Ngozi Onyeakusi---National Bureau of Statistics has disclosed that Nigeria’s Inflation has soared as high as per cent in September as food supply, foreign exchange crisis, and increases in…
Despite Epileptic Power Supply, Banks’ Credit to Energy Sector Hits N15.55trn
Naira Against the backdrop of worsening power supply in Nigeria, Deposit Money Banks’ (DMBs) credit to the power and energy sector increased to between 2019 and 2021, the National Bureau…
NBS: States Raked in N5.10 Trillion IGR in Three Years
The 36 states of the federation including the Federal Capital Territory (FCT) generated a total sum of trillion in Internally Generated Revenue (IGR) between 2019, 2020, and 2021, according to…
IMF lowers Nigeria’s growth projection to 3.2%
IMF logo The International Monetary Fund has lowered Nigeria’s 2022 economic growth projection to per cent. This is percentage points lower than the percent projected in its July 2022 report.…
Stanbic IBTC Explores Avenues To Achieve Net Zero Emissions
Stanbic IBTC Holdings, a member of Standard Bank Group, resolved to explore avenues to achieve net zero emissions by 2050, with the hope to create a more sustainable future for…
