The average maximum lending rate in the banking sector jumped to 31.06% in November 2024, the highest level since 2019 when ...

THERE are indications that First Bank of Nigeria Limited has laid off close to 100 of its senior staff to restructure and ...

The Nigerian government has accused the Central Bank of Nigeria (CBN) of misappropriation of fundsThe Auditor-General stated ...

FCMB's new capital base stands at over N240 billion, which exceeds the minimum requirement for a national banking license.

The World Bank has projected that Nigeria’s inflation rate could drop below 20% by 2026, driven by enhanced monetary policy ...

The offer was oversubscribed by 33%, attracting 42,800 investors with 92% subscribing via more convenient digital channels ...

Nigeria's private sector borrowed an additional N1.89 trillion in November 2024, raising the total credit to N75.96 trillion from N74.07 ...

The World Bank has fully disbursed a $1.5bn loan to Nigeria following the Federal Government’s implementation of key reforms ...

The remarkable growth was largely driven by increased investor interest in Nigerian equities, which have shown resilience ...

Analysts have predicted a boost in credit and economic activities in 2025 due to banking sector recapitalisation successes.

With this success, the Bank’s share capital will increase to N600 billion, surpassing the regulatory minimum requirement by ...