Nigeria
Banks besiege CBN for loans as scarcity of funds intensifies
The interbank money market has been gripped with intense scarcity of funds as amount of idle cash (liquidity) in the market fell by ...
Nigeria
Fitch says Nigerian banks have a risk indicator of 12.14, explains why
A new report by Fitch Solutions titled “Nigeria: Banking & Financial Services Report Q3 2020” has revealed that the Banking Industry Risk Indicator ...
Regulatory
FRC issues timelines compliance with corporate governance code
The Financial Reporting Council (FRC) has issued timelines for corporate entities to report compliance with the National Code of Corporate Governance (NCCG). The ...
Nigeria
SEC clarifies new rules for mutual funds, sets new deadline for compliance
SEC stated that all the fund managers of collective investment schemes are to comply with the new rules. The Security and Exchange Commission ...
Nigeria
CBN discloses how much has been disbursed from N50 billion COVID-19 intervention fund
The apex bank had announced measures to aid Nigeria’s economy from slipping back into recession. The Central Bank of Nigeria (CBN) has announced ...
Nigeria
COVID-19 FCMB secures $50m IFC loan to support SMEs
International Finance Corporation, a member of the World Bank Group, on Thursday approved $50 million loans to First City Monument Bank (FCMB) Limited ...
Nigeria
Credit to businesses up N3.5trn in five months – CBN
The Central Bank of Nigeria (CBN) has reported that credit to the economy increased by N3.5 trillion or 10.1% in five months from ...
Nigeria
CBN Governor confirms exchange rate unification plans
The Governor of the Central Bank, Godwin Emefiele, has confirmed that the Central Bank will continue to pursue unification around its Nafex rate. The NAFEX rate is the forex window where ...
Nigeria
Leading Industry Experts Chart a new course on the imperatives of repositioning the Financial Market for Growth
In the light of the prevalent economic realities of the pandemic across the globe, and its huge impact and implications for the financial ...
Nigeria
Terminal operators ask Customs to deploy technology for cargo examination
The Chairman, Seaport Terminal Operators Association of Nigeria, STOAN, Princess Vicky Haastrup, has decried the high rate of manual examination of cargoes at ...
