Dec 27, 2024 · By Modupe Gbadeyanka Stanbic IBTC Bank has solidified its position as the leading bank for capital importation in Nigeria, capturing an impressive 28.30 per cent of total foreign capital inflows in the first nine months of 2024, according to data from the Central Bank of Nigeria (CBN). The central bank said the

Dec 13, 2024 · By Dipo Olowookere Increased appetite for one-year Nigerian treasury bills forced the Central Bank of Nigeria (CBN) to trim the stop rate at primary market auction (PMA) conducted on Wednesday. Business Post reports that the rate was brought down by 0.13 per cent during the exercise by the bank to 22.80 per cent from

Jan 13, 2025 · By Adedapo Adesanya The Society of Energy Editors (SEE) expects the Nigerian energy sector to witness significant developments in the first quarter of 2025. This, according to the society, would be driven by President Bola Tinubu’s proposed N49.7 trillion budget for the year. The budget is anchored on an increase in

Oct 22, 2024 · By Adedapo Adesanya The International Monetary Fund (IMF) has predicted that growth in Nigeria will remain unchanged at 2.9 per cent this year and 3.2 per cent in 2025 due to weaker-than-expected activity in the first half of the year. This is as the wider Sub-Saharan Africa (SSA), which includes Nigeria, will remain

Dec 31, 2024 · By Dipo Olowookere Banking operations at the branches of most financial institutions in Nigeria will end earlier than expected today, Tuesday, December 31, 2024. The majority of them have sent messages to their customers to inform them of this development. Business Post sighted some of these notices sent by the banks

Sep 23, 2024 · By Funsho Arogundade. For the United Bank for Africa (UBA Plc), its rich history is matchless. With its origins dating back to 1949, the bank, which prides itself as Africa’s global bank, has carved its niche as a leading financial institution in sub-Saharan Africa, growing into one of the continent’s most influential banks.

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Dec 12, 2024 · By Adedapo Adesanya The euphoria around the recent appreciation of the Naira eased on Wednesday, December 11 after its value shrank against the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) by N5.23 or 0.3 per cent to N1,547.50/$1 from the N1,542.27/$1 it was valued on Tuesday. It was observed

Dec 3, 2024 · By Modupe Gbadeyanka The federal government has expressed excitement over the acceptance of its $2.2 billion Eurobond by investors in the international capital market at a coupon of over 10 per cent. The Nigerian government auctioned the Eurobond to finance the deficit in the 2024 budget worth about N9.1 trillion. The

Oct 17, 2024 · By Aduragbemi Omiyale A banking app, ALAT Xplore, has been designed for teenagers between 13 and 17 years by Wema Bank Plc, but will be officially launched on Saturday, October 26, 2024. The platform, which is Nigeria’s first licensed banking application, will empower young individuals to take control of their