FG seeks Senate’s approval for fresh $7.8bn, €100m loans
Barely 24 hours after seeking approval of the supplementary budget, President Bola Tinubu has approached the Senate for the approval of another $ and €100m loans. The request of the…
EFCC Stops Detention Of Suspects Without Remand Warrant
The Economic and Financial Crimes Commission, EFCC, in a press statement released on Wednesday by its Head, Media and Publicity, Dele Oyewale, announced that it has reviewed its guidelines on…
Nigerian stock market hits all-time high, crosses 70,000 mark
The Nigerian stock market has sent shockwaves through the financial community, as the Nigerian Exchange Limited’s All-Share Index surged to an all-time high and shattered the 70,000-point barrier. This remarkable…
BudgIT’s 2023 State of States Report: Rivers Reigns Again on Fiscal Performance Ranking As Anambra Joins Lagos, Kaduna, Ebonyi in Top 5; Zamfara, Bayelsa, Benue Lead from Bottom
BudgIT, a prime civic-tech organization leading the advocacy for fiscal transparency and accountability in Nigeria, has launched the 2023 edition of its annual States of States report themed Subnational Healthcare…
NGX All-Share Index starts week on negative note
The domestic bourse opened the week on a negative note, as the All-Share Index declined by per cent to close at 67, points. Selloffs in STANBIC ( per cent), WAPCO…
Headline inflation rate ascended to 26.72% in September
Kayoed Ogunwale In the financial landscape of September 2023, the headline inflation rate ascended to per cent, surpassing its August 2023 counterpart at per cent. This shift underscores a…
Bullish sentiment prevails as average yield dips 148 basis points week on week to 6.52%
Kayoed Ogunwale Trading activities in the nation’s Treasury Bills (NT-Bills) witnessed bullish sentiment last week, as secondary market traded on a positive note due to limited supply in the Primary…
Access Bank And Visa Partner To Facilitate B2B Cross-Border Payments
Access Bank has partnered with Visa, the world leader in digital payments, to enhance the efficiency of cross-border business-to-business payments for the bank’s corporate, commercial and SME customers by adopting…
Unity Bank Customers Win Over N.5m In Verve Card Promo
Unity Bank customers, Nmeregini Chukwuebuka and Sharif Yusuf Mohd have emerged as winners of 500,000 and 150,000 naira respectively in the ongoing Verve National Consumer Promo. Organized by payment processor,…
President Tinubu appoints new EFCC chairman, Secretary of the commission
By the powers vested in President Bola Tinubu as established in section 2 (3) of the Economic and Financial Crimes Commission (Establishment) Act, 2004, that “the Chairman and members of…