CBN Sells Nigerian Treasury Bills at Higher Rates
The Central Bank of Nigeria (CBN) adjusted spot rates on Treasury bills by 100 basis points at the just concluded primary market auction, according to the results.
World Bank, Global Fund Sign MoU to Tackle Impact of Climate Change on Health
The World Bank and the Global Fund to Fight AIDS, Tuberculosis, and Malaria (the Global Fund), have signed a Memorandum of Understanding (MoU) to strengthen health systems in countries of the Global South.
SMEDAN, Sterling Bank Earmark N5bn Loan for SMEs
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Sterling Bank have set aside N5 billion loan for small businesses.
Agency Banking Contributes N7tn Annually in Transaction Value – Lawmaker
The Deputy Senate President, Sen. Barau Jibrin says agency banking contributes seven trillion Naira annually in transaction value.
Court Adjourns N4bn Suit against First Bank Plc till Jan 16
An Enugu State High Court presided over by Justice Chukwunweike Ogbuabor on Tuesday adjourned a N4 billion lawsuit against First Bank of Nigeria Plc to Jan. 16, 2024, for hearing.
CBN Defers 293rd MPC Meeting Again Amid Expectations
In spite of expectations by stakeholders, the Central Bank of Nigeria (CBN) has shelved its bi-monthly Monetary Policy Committee (MPC) meeting for the second time.
Fitch Downgrades Coronation Merchant Bank Credit Ratings
Fitch Ratings has downgraded Nigeria-based Coronation Merchant Bank Limited's (CMB) Long-Term Issuer Default Rating (IDR) to 'CC' from 'B-' and its Viability Rating (VR) to 'cc' from 'b-'.
UBA Outperforms Banking Sector as Return Hits 173%
Amidst strong stock market rerating of banking shares, the United Bank for Africa (UBA) Plc has spun higher return than any of its peers in the banking sector. Its year-to-date return as investors
Afrinvest Downgrades Fidelity, FBNH, Stanbic Stocks to Sell
Equities analysts at Afrinvest Limited have kept shares of Fidelity Bank, FBNH and Stanbic IBTC on sell recommendation due to weak upside potential, detail from its week stock recommendation shows.
Uncertainties Heighten as CBN Keeps Policy Tools on Autopilot
Uncertainties in the Nigerian economy heighten as the monetary authority suspends its meeting scheduled for November meeting. The apex bank first postponed its bi-monthly meeting in September amidst worsening macroeconomic indicators.
