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Money Market

World Bank approves $1.5 billion COVID-19 stimulus for Nigeria

          The World Bank Group has approved a 1.5 billion dollars package to help build a resilient recovery post-COVID-19 in Nigeria.   This is according to a...

CBN releases guidelines for payment categorisation

  . The Central Bank of Nigeria, CBN, in line with its commitment to promote a strong and credible payment system, has approved new license categorisations...

NDIC MD/CE bows out of Office

The Nigeria Deposit Insurance Corporation (NDIC), hereby informs the general public that effective from the 8thh of December, 2020, Umaru Ibrahim, its Managing Director/Chief...

Buhari reappoints Kuru as AMCON MD

  President Muhammadu Buhari has retained the leadership of the Asset Management Corporation of Nigeria, AMCON, for their final term of five years. President Buhari reappointed...

GTBank gets shareholders approval for HoldCo structure

  The shareholders of GTBank Plc have approved the holding company structure for the bank, as they expressed excitement over the benefits they would derive...

Ecobank, Vanguard Rallies Experts on Discussion Around Financial Inclusion

          All is set for the digital financial inclusion summit as Ecobank Nigeria, in partnership with Vanguard Economic Forum Series, convenes top minds in the...

Ecobank Group Report N461 billion Revenue in nine months

  Ecobank Group made N461.2 billion revenue in nine months for the period ended 30th September 2020, representing nine  per cent increase against the corresponding...

Forex liquidity may hamper Nigerian Banks’ rating says Fitch

    Fitch Ratings has said foreign currency liquidity presents a significant risk to Nigerian banks’ ratings. The international rating organisation said this in its report on...

COVID-19: First Bank launches next generation ATM

    In the light of COVID-19, FirstBank has launched the FastTrack ATM, a Next Generation ATM and first of its kind in Africa, designed to...

Sterling Bank grows trading income to N7.1 billion

  Sterling Bank Plc, a full service national commercial bank, has reported a trading income of N7.1 billion for the third quarter ended September 30,...