Finance & Economy
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FG yet to explore its full opportunities for capital formation.
As Nigeria marks 25 years of unbroken democratic rule, financial market professionals assess the local capital market and growth opportunities.…
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Nigeria’s Debt Service Gulped $854m in May, Highest in Four-years
Data obtained from the Central Bank of Nigeria (CBN), has reveals that Nigeria’s external debt service payments in May 2024…
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Investors Gained N323.98bn as NGXASI Advanced by 0.58%; BDC Rate Appreciated to N1,477/USD
1. EQUITIES MARKET The domestic bourse extended Friday’s gain to start the week on a positive note due to appreciation…
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NDIC to pay heritage bank depositors up to N5m
The corporation assured depositors that they will be paid up to N5 million using their Bank Verification Number (BVN) to…
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CBN lifts suspension on fintech firm, PalmPay
Financial technology platform, PalmPay, has resumed onboarding of customers, following lifting of the ban imposed on it by the Central…
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NDIC to begin refunds to Heritage bank customers next week
The Nigerian Deposit Insurance Corporation (NDIC) says the payment of depositors in Heritage Bank will commence in one week. The…
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JUST IN: Nigeria’s Central Bank Revokes operating Licence Of Heritage Bank
The Central Bank of Nigeria, CBN, has revoked the banking licence of Heritage Bank Plc with immediate effect. The CBN…
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Emefiele In Fresh Trouble
A Federal High Court, sitting on May 29, at Ikoyi, Lagos has again ordered an interim forfeiture of the sum…
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Banks generated N438bn from digital transactions in 2023
In 2023, digital banking channels brought in roughly N438bn for 10 financial institutions, an analysis of their annual reports has…
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SEC To Issue Framework On Recapitalisation
The Securities and Exchange Commission (SEC) has said that it will soon issue a framework that will guide the capital…
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