Business/Finance
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Banks borrowing from CBN hits record high of N1.53trn in 1-day
Nigerian commercial banks are shying away from borrowing from the Central Bank of Nigeria (CBN), their last resort, despite the…
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Dangote slams CBN’s increase of interest rate to almost 30%
The President of Dangote Group, Alhaji Aliko Dangote, has criticised the latest increase in interest rate to almost 30 per…
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Discrepancy in account names delaying Heritage Bank customers’ payment – NDIC
The Nigeria Deposit Insurance Corporation (NDIC) says account names discrepancies in Bank Verification Number (BVN) linked alternate account of some…
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World MSME Day: Moniepoint celebrates MSMEs as the backbone of global economies, SDG champions
From economic downturns to global crises, Micro, Small, and Medium-sized Enterprises, MSMEs have continued to demonstrate remarkable resilience and adaptability,…
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Recapitalization will create stronger, more resilient banks – CBN Gov Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that the Bank will continue to…
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Banks face tough conditions in recapitalisation drive
Ongoing bank recapitalisation will not be business as usual, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso said yesterday. …
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Fidelity Bank reaffirms support for digital innovation in Africa
Leading financial institution -Fidelity Bank PLC -has restated its devotion to support the development of the African technology sector to…
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Why investors will buy Fidelity Banks offers, by capital market stakeholders
Fidelity Bank Plc started its N127.1 billion combined rights and public offers to a rousing support from the investing public…
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Africa needs to be competitive, says Chike-Obi, Fidelity Bank’s Chairman
Africa needs to be competitive and efficient in its area of strength, according to Mustafa Chike-Obi, the Chairman of Fidelity…
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Big oil buyers’ shift to electric vehicles threatens Nigeria petrodollars
Electric vehicle (EV) sales are experiencing booms in some of the biggest buyers of Nigerian crude oil, threatening the country’s…
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