Finance & Economy

CBN Issues Exposure Draft of the Guidelines for Contactless Payments in Nigeria

The Central Bank of Nigeria, in furtherance of its efforts to standardise operations in the payments system, while encouraging the…

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CBN okays dollar sales by Payment Service Banks

The Central of Nigeria (CBN) has released supervisory framework for Payment Service Banks. The framework among other things empowered the…

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Fidelity Bank redeems $400m Eurobond

Fidelity Bank plc (“Fidelity Bank” or the “Bank”) announced today the redemption of the $400,000,000.00 Eurobond Notes due October 17,…

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Pension Funds Move to Corporate Debt Securities Amid Rising Interest Rates  

According to the data released by National Pension Commission, the Pension Funds Administrators have widened their investments in corporate bonds…

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Equity Market Supports Positive Reversal as Investors Go Long

The Equity market opens the week bullish as investors’ buy interest is renewed. The NGX All-Share Index advanced by 0.45%…

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Moody’s Places the Long-term Ratings of Nine Nigerian Banks on Review for Downgrade

Moody’s Investors Service (Moody’s) has placed on review for downgrade the long-term deposit ratings, as well as long-term issuer and…

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Subscription at the NTB Primary Auction Market Take a Knock

At the NTB primary auction on Wednesday, the DMO sold N34.83 billion worth of notes lower than the N190.88 billion…

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Nigeria Proposes Debt Restructuring as Debt Service Commitments Mount

The Minister of Finance, Zainab Ahmed, stated that Nigeria is considering debt restructuring and extending its credit obligation repayment period…

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