Banks and other financial institutions posted a 24% GDP Growth Rate for the First Quarter of 2020.
Nigerian banks did well to keep costs low in 2019, according to information gleaned from some of their financial statements that have been released.
At the end of the first MPC meeting for the year, which was concluded on 24 January, the committee decided to hike the CRR by 5%...
The FUGAZ attracted a huge volume of trades on the floor of the stock market as they traded in 147.32 million shares at N2.68 billion.
The stock market continued its trend of positive performance today as the All share index gained 0.74% to close at 29,633.58 index points
Commercial banks in Nigeria are set to begin the recovery of N6.125 trillion borrowed to oil firms in a bid to braze themselves for recapitalisation.
Commercial banks borrowed N19.64 trillion from the Central Bank of Nigeria in 2019, indicating a 73% increase from the N11.36 trillion borrowed in 2018.
With a minimum of N1,000, you can get impressive returns of 10.5% per year in Wealth Cash, much higher than the current Treasury Bills yields.
The Central Bank of Nigeria (CBN) has slashed withdrawal fees usually charged after the third withdrawal from Automated Teller Machines. The new directive is contained in...
The Federal Government has disclosed that the sum of N43 billion collected as stamp duty on domestic transactions is being kept with the CBN. #CBN #Ahmed...