The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, announced yesterday that the staff members who departed in December last year did so voluntarily and received their full benefits. During a resumed investigative hearing regarding the departure…
FCMB Group Plc has announced the successful completion of its public offer, raising N147.5bn with an impressive 33% oversubscription. The offer, which received the necessary approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC),…
Some officers attached to the Ogun State Police Command have been arrested for allegedly demanding money from the family of a missing girl before taking action on the case. The Public Relations Officer for the Nigeria Police Force, Muyiwa Adejobi,…
China’s Central Bank on Friday said that it has renewed a bilateral currency swap agreement with the Central Bank of Nigeria. The total value of the agreement is 15 billion yuan (about 2.09 billion U.S. dollars), or N3.28 trillion, the…
The economy grew by 3.46 per cent in Q32024, with output reaching ₦20.115 trillion, up from 3.19 per cent (₦18.285 trillion) in Q2 2024, driven mainly by the non-oil sector. This was revealed in the Central Bank of Nigeria’s newly…
The Securities and Exchange Commission has ordered all publicly listed companies to publish their financial statements on their official websites from January 2025. According to the Commission, the directive aims to ensure seamless public access to financial information, which is…
Nigeria’s inflation rate rose to 34.60 percent in November 2024, up from 33.88 percent in October, further exacerbating economic hardships for citizens. The National Bureau of Statistics (NBS), in its latest Consumer Price Index and Inflation report, revealed a 0.72…
The Central Bank of Nigeria has imposed a fine of ₦150 million on Deposit Money Banks that have been found guilty of distributing illegal mint naira notes to currency hawkers across the country. This action follows the apex bank’s efforts…
Europe’s main stock markets were little changed Thursday despite interest rate cuts by the eurozone and Swiss central banks as policymakers warned of economic and political woes in the region and beyond. Wall Street shares were mixed at the open,…
Access Bank Plc has entered into a binding agreement with South African-based Bidest Group Limited for the acquisition of a 100 per cent equity stake in Bidvest Bank. A statement by the Head of Media Relations, Access Holdings Plc, Olakunle…
Britain’s economy contracted for the second consecutive month in October, according to official data released on Friday. This downturn poses a challenge for the Labour government, which has prioritized economic growth. The Office for National Statistics (ONS) reported that gross…
Norwegian energy giant, Equinor has announced the decision to end its almost 31-year business partnership with Nigeria, after finalising the sale of its oil assets. A statement by the company on Monday said the sale of its assets was completed…
Transnational Corporation Plc (Transcorp) announced the appointment of Ms. Atinuke Kolade as the new Group Company Secretary, effective December 3, 2024. This development was disclosed in a notification signed by the Group Head, Marketing and Corporate Communication Deshola Shittu to…
Zenith Bank Plc has emerged as ‘Bank of the Year, Nigeria’ in The Banker’s Bank of the Year Awards 2024. The award, announced by The Banker Magazine, Financial Times Group, United Kingdom, during the awards ceremony held in London on…
Several OPEC+ countries, including Saudi Arabia and Russia, agreed Thursday to extend oil supply cuts for three months through March to avoid a sharp drop in prices in a global market awash in crude. The decision had been widely expected,…