Nigeria
Nigeria: Sterling HoldCo’s Public Offer Gains Momentum Amid Attractive Pricing
Sterling Financial Holdings Company Plc (Sterling HoldCo) has recorded strong investor interest following the launch of its public offer, reflecting renewed confidence in ...
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Nigeria: Investor Confidence Fuels NGX Market Gains of N178bn
The Nigerian Exchange (NGX) ended September on a strong footing, buoyed by renewed investor confidence that added N178.99bn to market value. Market capitalisation ...
Nigeria
Nigeria: CBN Tightens Liquidity Rules with 75% CRR on Non-TSA Deposits
Nigerian banks, particularly those reliant on government deposits, face new funding pressures following the Central Bank of Nigeria’s (CBN) introduction of a 75% ...
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Nigeria: MTN Nigeria’s Dabengwa Data Centre Secures Tier III Constructed Facility Certification
MTN Nigeria has achieved the Tier III Certification for Constructed Facility (TCCF) from the Uptime Institute for its Dabengwa Data Centre, reinforcing its ...
Nigeria
Nigeria: TAJBank Achieves CBN’s New Recapitalisation Benchmark Ahead of Deadline – CEO
TAJBank Limited has successfully met the new capital thresholds mandated by the Central Bank of Nigeria (CBN) under its ongoing recapitalisation programme, positioning ...
Nigeria
Nigeria: CBN Says Rate Cut to Ease Borrowing Costs for SMEs and Households
The Central Bank of Nigeria (CBN) has described its recent 50 basis point reduction in the Monetary Policy Rate (MPR) as a deliberate ...
Nigeria
Nigeria: PenCom Approves Foreign Currency Investments for Pension Funds
The National Pension Commission (PenCom) has issued new guidelines allowing Pension Fund Administrators (PFAs) to invest part of Nigeria’s ₦24.6 trillion pension assets ...
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Nigeria: Alert MFB Launches Digital Banking Platform to Boost SME Growth
Alert Microfinance Bank (MFB) has rolled out a Business Banking Platform designed to streamline financial operations for entrepreneurs and small businesses, in a ...
News
Nigeria: CBN Governor Cardoso Confirms 14 Banks Have Met New Capital Requirement
The Central Bank of Nigeria (CBN) has announced that 14 Nigerian banks have successfully complied with the new capital requirements under its ongoing ...
Nigeria
Nigeria: CBN Cuts Interest Rate to 27%, OPS Pushes for Deeper Credit Relief
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has reduced the benchmark interest rate to 27.0%, marking the first cut in ...