Interbank Rates Diverge Amidst Huge Liquidity Deficit
Interbank Rates Diverge Amidst Huge Liquidity Deficit The short term benchmark interest rates diverged on the back of relatively lower funding demand as banking system faced huge liquidity deficit. Liquidity…
Read moreCBN to Raise N600 billion via OMO Bills Subscription
CBN to Raise N600 billion via OMO Bills Subscription The Central Bank of Nigeria (CBN) sets to open OMO bills worth N600 billion for subscription at the primary market auction…
Read moreNaira Falls as Foreign Obligations Crack External Reserves
Naira Falls as Foreign Obligations Crack External Reserves The naira depreciated against the US dollar in the foreign exchange amidst declining external reserves. The Nigerian Foreign Exchange Market (NFEM) experienced…
Read moreTEF, Khalifa Bin Zayed Al Nahyan Foundation to Empower Young African Entrepreneurs
TEF, Khalifa Bin Zayed Al Nahyan Foundation to Empower Young African Entrepreneurs The Tony Elumelu Foundation (TEF) has signed a USD$6 million strategic partnership agreement with the UAE Office of…
Read moreM&A Possibility Reduces as Nigerian Banks Progress Towards New Capital –Fitch
M&A Possibility Reduces as Nigerian Banks Progress Towards New Capital –Fitch Nigerian banks are making significant progress in raising core capital to meet new paid-in capital requirements and are generally…
Read moreCross Border Trade Will Enhance Economic Growth – Customs
Cross Border Trade Will Enhance Economic Growth – Customs An Assistant Comptroller of the Nigeria Customs Service (NCS), Clement Amaweh, has stressed the importance of promoting Cross Border Trade (CBT)…
Read moreFederal Government to Revive Textile Industry- Minister
Federal Government to Revive Textile Industry- Minister The Federal Government has pledged its commitment to revive the textile industry, its value chains, as well as promote made in Nigeria goods.…
Read moreKano Revenue Service Targets N100bn IGR in 2025
Kano Revenue Service Targets N100bn IGR in 2025 The Kano State Revenue Service (KIRS), has set a target to increase the state’s Internally Generated Revenue (IGR) to over N100 billion…
Read moreOPEC Downgrades 2025 Forecast for U.S. Oil
OPEC Downgrades 2025 Forecast for U.S. Oil OPEC has downgraded the forecast for the U.S. oil and condensate production in 2025 by 50,000 barrels per day. Now it expects an…
Read moreNigerian Exchange Hits Historic High as Investors Gain N779bn
Nigerian Exchange Hits Historic High as Investors Gain N779bn The Nigerian Exchange, NGX, hit a historic high on Wednesday as equities investors N779 billion gain lifted market capitalisation above N67…
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