Insurers Need $725m to Meet Recap Order Insurance companies will need $725 million (about N261.5 billion) to meet the new capital requirement of the National Insurance...
‘Cost-reflective Tariff Coming’ A Cost-reflective tariff is coming in the power sector as the new metering scheme, introduced by the Federal Government, gets underway, the Nigerian...
Bearish Trend continues, Nigerian Stock Closes in Red The Nigerian Stock Exchange market closed in the red on Wednesday amid bearish sentiment. The All-Share Index declined...
Dutch Firm to Acquire 14.1% Stake in Ecobank Arise B.V, a Dutch investment firm, is in the process of acquiring 14.1 percent stake own by the...
FG Rules Out Eurobonds This Year The Federal Government has no plans to return to the Eurobond market this year, after a sixth outing in November...
Dangote Cement Raises N50b Via Commercial Paper Africa’s largest cement manufacturer, Dangote Cement Plc, issued N50 billion commercial papers to finance short-term obligations. The new CPs...
Debt: FSDH Urges FG to Issue Zero-coupon Bonds The FSDH Merchant Bank has suggested that the Federal Government should consider issuance of zero-coupon bonds to manage...
CBN Releases N607bn Agriculture Credit for 587 Projects The Central Bank of Nigeria has released a total of N607.87bn credit to selected Deposit Money Banks to...
NSIA Grows Assets Under Management to N617bn The Nigeria Sovereign Investment Authority has grown its assets under management to $1.9bn (N617.69bn). The Managing Director and Chief...
Instant Bank Transfers Rise to N41.48tn in Five Months The value of transactions via the Nigeria Interbank Settlement System Instant payment system rose to N41.48tn in...
