The federal government is set to secure $2.2 billion in new loans from the World Bank in 2025, spread across six key projects. The lender plans to approve $500 million for the “Community Action for Re...
Sterling Bank has increased salaries for its 3,000+ employees, with entry-level staff now earning ₦528,000 net monthly, up from around ₦320,000. The review—over 35% across several roles—follows a...
The House of Representatives Committee on Finance have expressed concerns that only 9% of companies registered in Nigeria are captured in the tax net, while only about 35 million Nigerians pay tax, hi...
Poised to improve trade relations, showcase the latest technologies and innovation as well discover new markets, the Lagos Chamber of Commerce and Industry (LCCI) has partnered with the China For...
The net interest income of four mid-sized banks in Nigeria surged by 78 percent in 2024 compared to a year earlier, a situation driven by the aggressive rate hike by the Central Bank of Nigeria (CBN),...
A Nigerian court has frozen multiple bank accounts after a Keystone Bank system malfunction artificially inflated account balances, allowing unauthorized withdrawals totaling ₦5.7 billion, a...
The decision, announced after the latest Monetary Policy Committee (MPC) meeting, has sparked concerns among business owners who rely on credit facilities to sustain operations. According to the MPC c...
The sharp rise in demand led to higher allotments, even as yields fell, reflecting stronger investor confidence in Nigeria’s debt market. This is according to the auction result released by the Debt M...
The National Pension Commission(Pension), has said that its consistent awareness creation efforts as well as financial inclusion strategy in the past five years yielded tremendous result despite...
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, has urged the Central Bank of Nigeria (CBN) to do a reality check on the business environment and align i...
