Online News Magazine
Online News Magazine
The Central Bank of Nigeria (CBN) has reduced the number of Bureau de Change dealers in the country to 2,991. The apex bank on Monday published a list of approved in a documents titled ‘Approved BDCs’. The document showed that the licences of 2,698 BDCs have been revoked. A similar list was published by the […]
The United Capital Asset Management Ltd., a subsidiary of United Capital Plc, has launched the #ThisGirlInvests campaign to promote financial independence and security for women across Nigeria. The campaign seeks to encourage women to develop a healthy investing culture, increase women’s participation in Nigeria’s capital markets, and create a sustainable financial plan for retirement. The […]
Nigeria has successfully redeemed its US$500 million Eurobond which was issued in July 2013. The Debt Management Office (DMO) said this in a statement on Wednesday. “This is part of a dual-tranche US$1 billion Eurobond for a tenor of ten (10) years at a coupon of 6.375% per annum. “Nigeria had previously redeemed a US$500 […]
Vice President Kashim Shettima says the Federal Government will ensure quick access to single-digit loans for Nigerian small businesses. The vice president made this pledge on Tuesday in a message to mark the 2023 World Micro Small and Medium Enterprises, MSME, Day. He said that the Federal Government was aware of the impact of fuel […]
The World Bank Group has approved a loan of N385bn ($500m) for the Nigerian government under President Bola Ahmed Tinubu. The loan which approval came days after the country’s debt profile hit N49.85 is to help Nigeria drive women’s empowerment. It is the second under Bola Tinubu and was initially approved on June 27, 2018, […]
The Debt Management Office (DMO) said the total public debt stock of Nigeria as of March was N49.95 trillion ($108.30 billion). DMO said in a statement on its official website on Sunday, that the debt stock comprises the external and domestic debts of the Federal Government, the 36 states and Federal Capital Territory. The country’s […]
The Central Bank of Nigeria (CBN), and the Bill and Melinda Gates Foundation (BMGF) have finalised arrangements for collaboration on financial inclusion. According to a statement from the apex bank, the two groups recently held strategic discussions on how to deepen collaboration on financial inclusion in Nigeria. During the discussions, CBN’s Acting Governor, Mr Folashodun […]
President Bola Ahmed Tinubu has opened up on why he suspended the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Recall that Emefiele was suspended and subsequently detained by the DSS on Saturday, June 10, 2023. His suspension was widely commended as many believed his policies as the head of Nigeria’s apex bank […]
First Bank of Nigeria Limited, Nigerias premier banking institution and leading financial inclusion services provider, has won the Financial Institution of the Year Award at the African Export-Import Bank (Afreximbank) Pan African Business and Development Awards. A statement from the bank said the award was bestowed on FirstBank in recognition of the Banks role in […]
Federation Account Allocation Committee (FAAC) has shared a total sum of N786.161 billion May 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils. This according to a communiqué issued at the end of the FAAC meeting for June 2023, chaired by the Accountant General of the Federation, Dr. Oluwatoyin Madein. The […]
