Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the Bank’s commitment to establishing macroeconomic stability, fortifying the banking sector, and establishing Nigeria as a top investment destination. Mr. Cardoso stated during a fireside chat moderated by
Deutsche Bank has led a $747 million syndicated loan to finance Phase 1 Section 1 (from Victoria Island to Eleko Village 47+47km) of the Lagos-Calabar Coastal Highway, a flagship project under Nigeria’s Renewed Hope Infrastructure Development Agenda. This marks the
All Hands on Deck by renowned Nigerian economist and former World Bank Treasurer and Director General of the Nigerian Securities and Exchange Commission (SEC), Arunma Oteh, has been named the winner of the BCA Business Book of the Year Award
The Central Bank of Nigeria (CBN) has clarified recent speculations regarding charges related to the newly launched Non-Resident Bank Verification Number (NRBVN)Â platform, affirming that no hidden fees have been introduced and that the BVN enrolment for Nigerians residing within the
The National Insurance Commission (NAICOM) on Wednesday handed over new licenses to SanlamAllianz Life and General Insurance Nigeria Ltd. in a brief ceremony held in Abuja. The issuance of the Licenses to SanlamAllianz Life and General Insurance follows a successful merger.
On the sidelines of the 32nd Afreximbank Annual Meetings, holding in Abuja, Nigeria’s capital, the Federal Republic of Nigeria and the Republic of Rwanda today signed a landmark Agreement on the Avoidance of Double Taxation and the Prevention of Fiscal
The Central Bank of Nigeria (CBN) has introduced time-bound measures for a small number of banks still completing their transition from the temporary regulatory support provided, mostly in response to the economic impact of the COVID-19 pandemic as part of
The Nigeria Deposit Insurance Corporation (NDIC) has called for feedbacks from financial services industry stakeholders in the country, policy makers and the general public towards the ongoing revision of the International Association of Deposit Insurers (IADI) Core Principles for Effective
The Federal Government has signed a landmark agreement with the African Development Bank (AfDB) to replenish the Nigeria Trust Fund (NTF) with $500 million and extend its operation through to 2040. It is described as a significant step towards promoting
The Nigeria Deposit Insurance Corporation (NDIC) has declared the first tranche of liquidation dividends totaling ₦46.6 billion from the proceeds of sales of the defunct Heritage Bank’s assets and recovery of debts owed to the defunct institution. This was confirmed
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