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Afreximbank disburses $250m for Trans Niger Oil & Gas acquisition of 45% stake in OML 17

African Export-Import Bank (Afreximbank) has disbursed $250 million of the $1.1 billion…

3 Min Read

Credit to businesses suffer as banks lodge money with CBN for safety

Nigerian businesses looking to access credit from Deposit Money Banks (DMBs) may…

7 Min Read

Banks show resilience but rising credit exposure, NPLs are concerns – IMF

Banks across the globe including Nigeria have not been part of the…

8 Min Read

Naira reverses loss, strengthens by 0.42% on black market

Nigeria’s currency on Wednesday appreciated by 0.42 percent to N478 per dollar…

3 Min Read

Sterling Bank stimulates growth in agriculture sector

As part of efforts towards improving agriculture in Nigeria, the country's leading…

5 Min Read

Naira falls by 0.63% to N480 on strong demand for dollar

Nigeria’s currency on Tuesday depreciated by 0.63 percent as the dollar traded…

2 Min Read

CBN holds rates, defends financing of FG

The Central Bank of Nigeria (CBN) has signalled intentions to continue financing…

CBN votes to retain MPR, citing inflation concerns

In line with wide expectations by analysts, the Monetary Policy Committee (MPC)…

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