Nigeria to exit recession by Q1, Q2, 2021 – CBN, as MPC retains MPR at 11.5%, fixes CRR at 27.50%

Monetary Policy Committee (MPC) of the Central bank of Nigeria (CBN) rose from its meeting in…

Moody’s Investor Service affirms AfDB’s AAA credit rating

Ratings firm, Moody’s Investor Service has affirmed the African Development Bank’s AAA credit rating, with a…

First Bank advances financial inclusion, disburses over N17bn loans via FirstAdvance

First Bank of Nigeria Limited has announced that loans totaling over N17 billion have been disbursed…

Access Bank to operate as Holding company, gets CBN approval

[By KAYODE OGUNWALE] Access Bank has received approval from the Central Bank of Nigeria (CBN) to…

Sterling Bank proposes restructuring, to start Islamic banking

In order to incorporate efficiencies around operations and financing efforts, Sterling Bank Plc has said it…

Heritage Bank CEO, others advocate technology in tackling Covid-19 effects, fraud ​

Heritage Bank Plc has called on internal auditors of financial institutions in the country to adopt…

Finally, CBN drops MPR to 11.5% from 12.5%

After months of appeals by economic experts and investors in the money market, the Central Bank…

CBN unveils financial guidelines for Fiscal Years 2020-2021

Central Bank of Nigeria (CBN) has disclosed that it will continue to conduct monetary policy anchored…

Nigeria’s debt up by N2.38trn in three months to reach N31trn

[By VICTOR NZE] Debt Management Office (DMO), Wednesday, disclosed that Nigeria’s total public debt profile has…

Fidelity Bank grosses N105.8bn in earnings for H1 2020

Fidelity Bank Plc has raked in gross earnings reaching N105.8 billion from N103.7 billion in the…