Section
322 stories from 2016 to 2025.
Page 2 of 17
In a significant development, the Central Bank of Nigeria (CBN) has announced the inclusion of the naira, the country's legal tender, as a payout option for diaspora remittances. This move aims to provide more…
JP Morgan, an American multinational financial services firm, says the naira is expected to appreciate, and trade at about N600 to the dollar in the coming months. JP Morgan, a leading global financial services firm, it…
Many depot owners may soon shut down their facilities due to the inability to meet the new financial requirement of about N10bn by the Nigerian National Petroleum Company Limited as the cost of lifting fuel from its…
In a recent report released by the World Bank, concerns have been raised about the sluggish economic growth in Nigeria and its inability to address the pressing issue of extreme poverty in the country. The bank has…
ABUJA - The Central Bank of Nigeria (CBN) has taken a significant step towards enhancing financial inclusion in the country with the launch of its innovative Financial Literacy e-Learning Platform, "SabiMoni." The…
The Central Bank of Nigeria (CBN) has recently dismissed rumors that it plans to phase out the newly redesigned N1,000, N500, and N200 notes. Dr. Isa AbdulMumim, Ag. Director of Corporate Communications at the bank, has…
serial investor and billionaire, Femi Otedola have exited his stake in Transcorp Plc, Nairametrics can confirm. Otedola had acquired an above 6% stake in Transcorp over a series of carefully orchestrated purchases going…
Transnational Corporation Plc (Transcorp) Group Chairman, Tony Elumelu, recently shared his excitement about working with Nigerian billionaire businessman, Femi Otedola, who acquired a 5.52% stake in Transcorp Plc to…
FCMB has recently announced a partnership with Brains & Hammers Limited and Brooks Assets & Resources Limited to provide affordable housing for Lagos State residents, both salary earners and self-employed individuals,…
The Debt Management Office (DMO) announced on Thursday that Nigeria's public debt stock had increased to N46.25 trillion or $103.11 billion in the fourth quarter of 2022. This total debt stock represents the combined…
A massive fire has gutted the Olowu spare parts market in Lagos, leaving traders devastated and counting their losses. The fire incident occurred on Thursday morning, and it is not yet clear what triggered the inferno.…
Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease the circulation of banknotes of various denominations. The apex bank also…
Two businessmen, Moses Pam Dalyop and Abdulmumuni Yakubu, have filed a lawsuit against the Inspector General of Police (IGP), DSP Olatunji Disu (the officer in charge of the Police Intelligent Response Team (IRT)),…
Nigeria's offshore operators in the shipping industry have expressed their concerns over the lack of a regulated pricing regime between International Oil Companies (IOCs) and indigenous vessel owners. This situation is…
The FCMB Group Plc has successfully completed the issuance of N20,686,000,000 Perpetual 16% Fixed Rate Resettable NC5.25 Additional Tier I Capital Subordinated Bonds (AT1) under its N300,000,000,000 Debt Issuance…
According to recent data from the Central Bank of Nigeria (CBN), banks’ borrowings from the Standing Lending Facility (SLF) fell by 14% MoM to N453.7 billion in February 2023, down from N528.15 billion in January 2023.…
In the field of project management, the ability to make informed decisions can mean the difference between success and failure. Business Intelligence (BI) tools have emerged as game-changers, offering a suite of…
Many Nigerians this week faced difficulties making payments for goods and services as traders, motorists, and business owners refused to accept the old Naira notes in anticipation of official approval from the Central…
The Central Bank of Nigeria (CBN) has issued operational guidelines for open banking in the country. Open banking is a financial concept that allows third-party financial service providers to access banking data using…
The US regulatory crackdown on digital assets seems to have taken a toll on Binance as investors have withdrawn over $6 billion from its stablecoin BUSD in the past month. New York’s financial regulator stopped the…
