Nigeria’s insurance sector reported a surge in premium income to N551.4 billion in the second quarter of 2023, according to data recently published by the National...
In a concerning trend, state governments in Nigeria have resorted to borrowing approximately N46.17 billion from commercial banks to meet their salary obligations in the first...
The African Export-Import Bank (AFREXIM) finds itself in a financial conundrum as it attempts to fulfill its commitment to provide a $3 billion loan to the...
To mark the 2023 Customer Service Week, Unity Bank Plc customers will win prizes while participating in engagement activities lined up for the week-long celebration. From October 2...
The Federation Account Allocation Committee (FAAC) has disbursed ₦1.134 trillion to Nigeria’s three tiers of government in June 2023. This financial windfall, revealed in the latest...
Amidst economic uncertainties, Nigeria’s recent decision to devalue the naira offers a glimmer of hope for the country’s non-oil export sector in the upcoming third quarter. ...
The Nigerian Exchange Limited ended a week-long bearish streak on Tuesday, closing the market with a gain of N213 billion for investors. The All-Share Index and...
Impressive Recoveries and Asset Realizations Lead to Substantial Payout
Deposit Money Banks (DMBs) in Nigeria have seen an 82.15 percent decline in borrowing from the Central Bank of Nigeria (CBN) under the Standing Lending Facility...
President Bola Tinubu’s administration is set to revolutionize the nation’s tax system. The ambitious plan seeks to redistribute the tax burden, making the wealthy pay their...
