Tuesday, August 25, 2026
Demand pressures tail bite economy as FX inflows fall 27% to $18.4bn in Q2’21
The Nigerian economy recorded a marked quarterly decline in inflows of foreign exchange by as much as 27 percent, and...
Read moreDetailsEcobank appoints former GTB ED as new CEO Nigeria, regional executive
Pan-African banking conglomerate, Ecobank Group, has announced the appointment of Mobolaji Lawal as regional executive and managing director designate of...
Read moreDetailsU.S Consulate in Lagos, Ascend Studios Foundation graduate 250 women entrepreneurs
Ascend Studios Foundation, founded by Inya Lawal, an alumna of the Fortune-U.S. Department of State Global Women’s Mentoring Partnership program,...
Read moreDetails10 Nigerian banks name customers buying FX with fake visas, documents
Nigerian banks are now acting in line with the name-and-shame directive of the Nigerian Central Bank as they have taken...
Read moreDetailsUBA emerges Africa’s top bank, records most wins at 2021 African Banker awards
Carts home African Bank of the Year Wins 14 awards on the night Wins in Nigeria, 12 other subsidiaries...
Read moreDetailsNDIC pays N108bn to 400k depositors in 27yrs of bank liquidation in Nigeria
Bridge bank strategy secures N1.021 deposits, prevents systemic crisis The Nigerian Deposit Insurance Corporation (NDIC) paid out a...
Read moreDetailsNigerian banks’ aggressive borrowings from CBN rose 315% to N24.5trn in 11 months
Analysts say liquidity crunch, more economic activities drove borrowing rate The high rate of illiquidity in the banking...
Read moreDetailsBullish sentiments to drive activity across T-bills, bonds
As Naira pares N0.67 loss w/w Trading was largely mixed across the fixed income space last week with yields...
Read moreDetailsScorecard & outlook: Up, Up goes banks’ profit at N1.34trn 2021, N1.6trn 2022, says Afrinvest
22.3% growth in 2021 16.2% growth in 2022 Tier-1 banks driving earnings in 2021, beyond Deposits to hit N46.3trn in...
Read moreDetailsCBN automates exports form with N5000 charge per declaration
The Central Bank of Nigeria (CBN) in a circular signed by O.S. Nnaji, its director, trade and exchange department, and...
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