Digitally driven financial institution VFD Microfinance Bank has returned to the path of profitability in the 2024 financial year as it recorded N366.6m profit after tax from the N333m loss it had suf...
The Chief Executive Officer of Sterling Bank, Abubakar Suleiman, has urged more lenders in the country to join in the cancellation of bank transfer fees to improve the banking experience for Nigerians...
Global financial services firm, JP Morgan Chase, yesterday, warned that the substantial decline in oil prices below its break-even of $60 per barrel, will push Nigeria’s current account balance into d...
President Bola Tinubu, yesterday hailed Afreximbank’s role in shaping Africa’s trade landscape, and commitment to breaking down barriers, bridging financing gaps as well as empowering African business...
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has said that Nigeria’s gas development objective was gaining traction with more private sector investment in the sector. The minis...
A leading digital financial services provider, Moniepoint Inc., is supporting Nigeria’s digital economy agenda with its DreamDevs initiative. The initiative, which is designed to nurture the brightest...
According to NAN, the contract covers engineering, procurement, construction, and financing for the implementation of transmission lines under phase 1 of the presidential power initiative (PPI). At th...
President Donald Trump’s 14% tariff on Nigerian exports, such as cocoa, fertilizers, and ginger, could have unintended consequences for Nigeria’s banking sector. Although currently on hold f...
On Wednesday, United States President Donald Trump raised China’s tariff rates from 104 percent to 125 percent and paused tariffs for dozens of other countries. In a statement on Wednesday, Okonjo-Iwe...
Out of the $1.8 billion Nigeria spent on debt servicing in the fourth quarter of 2024, the International Monetary Fund (IMF) received a lion’s share of $407.97 million. This, according to the Debt Man...
