Africa’s junk bonds among hottest investments with big yields
Businessam StaffJune 4, 2020
Africa’s sovereign bonds — all of them rated junk — have been among the biggest beneficiaries of the risk-on mood that’s
BVN-linked accounts now 41.82m
Businessam StaffJune 1, 2020
Active bank accounts linked to bank verification number (BVN) in Nigeria as at last month stood at 41.82 million, a report by the
CBN extends accounts submission deadline for MfBs, others
Businessam StaffJune 1, 2020
The Central Bank of Nigeria has extended the timeframe for the submission of the 2019 audited financial statements of Other Financial
Eid-el-Fitr: Online financial transactions hit 3.4 million
Businessam StaffMay 27, 2020
Bank customers carried out about 3.4 million transactions on Nigeria Interbank Settlement System Instant Pay platform recorded on the
Borrowers groan as MfBs demand loan repayment
Businessam StaffMay 15, 2020
Some borrowers from microfinance banks have decried their exemption from loan tenor extension in the banking industry, which some
Nigerian treasury bills oversubscribed by N132bn
Businessam StaffMay 14, 2020
The Nigerian treasury bills auctioned for the month of May was oversubscribed by N132bn. The Debt Management Office disclosed this on
Dollar sells for N445 as forex scarcity persists
Businessam StaffMay 12, 2020
The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex market. The
Buhari dissolves BOA management, appoints Hassan acting MD
Businessam StaffMay 8, 2020
President Muhammadu Buhari has approved the dissolution of the interim management team and the appointment of an acting managing
IMF cautions against rationing as dollars traded fall 88% in I&E window
Businessam StaffMay 4, 2020
The IMF has cautioned the CBN against dollar rationing stressing that this will hamper foreign trade and investor confidence and thus
CBN begins N50bn COVID-19 fund disbursement
Businessam StaffMay 1, 2020
NIRSAL Microfinance Bank has commenced the disbursement of the Central Bank of Nigeria N50bn Targeted Credit Facility. Mr Abubakar