FRCN requests comments on exposure draft for Not-For-Profit Governance Code 2023
Pursuant to Sections 50 (a) and 51 (a)(c) of the Financial Reporting Council of Nigeria (FRC) Act, 2011, FRC has…
Nigeria, others, biggest debtors on IFC’s list —Report
Nigeria, the most populous country in Africa, ranked among the top 10 debtors on the list of the International Finance…
Sterling Bank appoints Olatunji Mayaki as Board Chairman
Sterling Bank Limited has announced a strategic change in its Board of Directors, with Mr Olatunji Mayaki assuming the role…
Naira records temporary gain despite persisting exchange rate volatility
The Naira on Friday extended its gains against the US dollar at the official foreign exchange market despite persistent volatility…
CBN quarantines banks’ N576.20bn through CRR
The Central Bank of Nigeria (CBN) last week debited some commercial banks to the tune of N576.20 billion through the…
Starbic IBTC Bank received highest capital importation into Nigeria in Q3 2023
Stanbic IBTC Bank Plc has received the highest capital into Nigeria in the third quarter (Q3) of 2023 with $222.84…
India to block crypto exchanges Binance, Kraken websites
Financial Intelligence Unit, an Indian government agency which scrutinizes financial transactions, said Thursday nine global crypto exchanges — including Binance,…
FBBH recorded +80.11% earnings growth in Q3, 2023
First Bank of Nigeria Holdings (FBNH’s) says it recorded increase in gross earnings short of N1 trillion in 9Months (9M)…
BOI-FGN single Digit loans for MSMEs to commence this month
In keeping with President Bola Ahmed Tinubu’s promise to support the transformation of the Micro small and Medium scale Enterprises…
FintechNGR unveils strategic initiative to safeguard Nigeria’s digital financial landscape
The FintechNGR in recognizing the escalating threat of fraud within Nigeria’s electronic payments ecosystem, is taking decisive action to preserve…
Failure to file annual returns: CAC extends time for full application of penalties to April 1,2024
The Corporate Affairs Commission (CAC) has extended the commencement date for application of penalties on companies for failure to file…
Zenith bank BOD announces commencement of closed period
The Board of Directors of Zenith Bank has announced that the board has scheduled to meet on Wednesday, January 31,2024.…
CBN special investigator insists Lemo, others must appear to provide clarification or forfeit TTB
The Special Investigator probing the activities of the Central Bank of Nigeria (CBN) and Other Related Entities, Mr. Jim Obazee,…
Don commends NIBSS, CBN on switches, superagents, payment solution service providers’ disconnection
A university lecturer, author and the Lead Faculty of Tekedia Institute, Professor Ndubuisi Ekekwe, has applauded the Nigeria Inter-bank Settlement…
Naira falls to N1,099/$, closes gap to parallel market value
The official foreign exchange (FX) market on Friday oscilated downwards, thereby shrinking the the gap/spread between the official and the…
AFDB, FED sign $20m Trade Finance Agreement to Support SMEs
The African Development Bank (AfDB) has signed a $20 million Trade Finance Facility Agreement with FSDH Merchant Bank, to support…
Polaris Bank pledges support for infrastructure development, others in Ogun
Polaris Bank has pledged to support the development of high-impact sectors, including road infrastructure, housing, education, healthcare and agro processing…
Nigeria’s external reserves shrink by $1.65b Post-FX unification —Report
Based on figures obtained from the Central Bank of Nigeria (CBN) on movement of external reserves, a report by CSL…
Moody’s changes Nigeria’s outlook to positive, affirms Caa1 Ratings
Moody’s Investors Service has changed the government of Nigeria’s outlook to positive from stable and affirmed its Caa1 long-term foreign…
Banks were reminded of existing CBN guidelines being disregarded —NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) says its latest directive to banks is meant to ensure safety of people’s funds…
