Finance & Economy

Zenith Bank Plc Reports N174.33bn PAT in Q3 2022 Results

Key Highlights Gross Earnings grew by 19.6% from N518.67bn to N620.57bn.Profit before tax stood at N202.55bnProfit after tax stood at…

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Currency Management Has Faced Several Daunting Challenges – CBN

Good afternoon Ladies and Gentlemen, and welcome   to this special press briefing of the Bank. We have called this…

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No Respite for Inflation as Floods Limit Food Supply

The recent heaving flooding across most parts of Nigeria remains a critical factor that will drive food inflation numbers for…

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Zainab Ahmed: Falling oil revenue, petrol subsidy affecting full implementation of 2022 budget

Zainab Ahmed, minister of finance, budget and national planning, says oil revenue shortfall and petrol subsidy deductions are challenging the…

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Moody’s Downgrades the Long-term Ratings of Nine Nigerian Banks to B3 from B2, Places Ratings on Review for Further Downgrade

Rating action follows the downgrade of the sovereign rating to B3 from B2, and the placement of the government rating…

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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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