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The Central Bank of Nigeria (CBN) collected N277.47 billion through the Treasury Bills market in January 2023, according to data analysis. The bank conducted two TBills auctions, raising N55.39 billion…
The International Monetary Fund (IMF) upgraded its projection for Nigeria’s 2023 economic growth rate to 3.2%, a 0.2% increase from its previous projection of 3.0% in October 2022. The IMF…
FCMB’s Managing Director, Mrs. Yemisi Edun, calls for heightened collaboration among banks, particularly in sharing information, to efficiently tackle money laundering, terrorist financing, and other illegal activities within the financial…
Nigeria’s public debt rose 2.84% to N44.06tn ($101.91bn) in Q3 2022, according to the National Bureau of Statistics. The debt, which includes both external and domestic, was reported in the…
The Gates Foundation Awards $35 Million to Cambridge-Led Project for Self-Fertilizing Crops in Africa. The grant, provided by the Gates Foundation’s Agricultural Innovations project, will fund the Engineering Nitrogen Symbiosis…
The food company, which became Nigeria’s largest consumer goods firm by market value last January, recorded a 30% increase in its 2022 profit compared to the previous year, driven by…
The NGX lists inadequate liquidity and lack of sufficient capital as major hindrances to the market-making initiative’s launch. The NGX Listed Illiquidity and Lack of Capital as Hurdles to Market-Making…
CBN and NIBSS Launch AfriGo Domestic Card to Boost Nigeria’s Payments System and Increase Financial Inclusion. The CBN and NIBSS have launched AfriGo, a Nigerian National Domestic Card Scheme, aimed…
Mercedes-Benz is enhancing the appeal of the CLA Coupé and CLA Shooting Brake in the compact segment with several new features and upgraded standard equipment. The automaker says the vehicle’s…
The collaboration between Lekki Port and CMA CGM Shipping aims to boost Nigeria’s trade volume and contribute to the growth of the country’s GDP. The partnership between the two entities…