The President of the African Development Bank Group (AfDB), Dr Akinwumi Adesina, has unveiled plans to allocate a substantial $1 billion in financing for the expansion...
Changes in the economic landscape following fuel subsidy removal and escalating living costs have bolstered Nigerian banks’ personnel expenses by N589.88 billion in the first nine...
In a strategic move to adhere to the Central Bank of Nigeria’s (CBN) regulatory requirements, the country’s Deposit Money Banks (DMBs) and merchant banks have collectively...
What is the Dollar to Naira exchange rate at the parallel market, known as the black market (Abokifx) today? As of November 20th, 2023, the dollar...
Ecobank, a prominent pan-African banking group, and the African Guarantee Fund (AGF), a specialized pan-African guarantee provider, have sealed a $200 million risk-sharing agreement. This collaboration,...
Africa’s global bank, United Bank for Africa (UBA) Plc, has been named the African Champion of the Year 2023 at the just concluded Africa Financial Industry...
United Bank for Africa Plc (UBA) has announced its commitment to support Small and Medium Scale Enterprises (SMEs) in key sectors, including Agro-processing, Automotive, Pharmaceuticals, Transport,...
The World Bank has initiated the disbursement of the approved $800 million allocated for the National Social Safety Net Program-Scale Up in Nigeria. Recent documents from...
Nigeria’s Oando Plc has inked a landmark $800 million deal with the African Export and Import Bank (Afreximbank) at the ongoing Intra-African Trade Fair in Cairo,...
The Central Bank of Nigeria (CBN) has announced its decision to extend the validity of the old N200, N500, and N1,000 notes indefinitely. The apex bank...
