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Finance & Economy - Page 279

Finance & Economy·News·Nigeria·Top Stories

What Nigeria’s 15.10% Inflation Rate Drop Means

Nigeria’s headline inflation rate fell to 15.10% in January 2026, the latest figures from the National Bureau of Statistics (NBS) show, extending a run of gradual declines that has lasted for almost a year. The figure is slightly lower than the 15.15%

February 16, 2026

Finance & Economy

‘Pension Fund VI Will Boost Investable Assets In Non-interest Funds’

The Pension Fund VI designed by the National Pension Commission, (PENCOM), for Shariah-compliant workers and investors would create new instruments in the non-interest finance market in 2022. Mrs. Abimbola Sulaiman, Head, Investment Management, ARM Pension Managers (PFA) Limited, made this assertion while

November 29, 2021

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Finance & Economy

World Bank Says Nigeria’s Exchange Rate Policy Discourages Investors

The World Bank has said that the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country That was contained in the November edition of Bank’s Nigeria Development Update, saying there had been intense pressure on the

November 29, 2021

Finance & Economy

Liquidity Boost Expected On Maturing N54.30 Billion OMO Bills

There are expectations that activity in the money market will be slightly bullish as the market expects a liquidity boost from the maturing N54.30 billion worth of OMO bills. Meanwhile, domestic investors are concentrating more on short-term lending to the Federal Government

November 29, 2021

Finance & Economy

CBN Plans To Set Up Finance Centre At Eko Atlantic City In 2022

The Central Bank of Nigeria (CBN) has said it will set up an international financial centre at the Eko Atlantic City by the second quarter of 2022 to attract investors. Godwin Emefiele, the apex bank governor, disclosed this while speaking at the

November 29, 2021

Bank CEOs Meet Over Old Naira Deadline Extension Ahead Of Presidential Election

Finance & Economy·Markets

Basel III: Nigerian Banks To Strengthen Capital Adequacy, Liquidity

The adoption of Basel III would strengthen Nigerian banks’ stressed capital level, improve capital quality (as risk levels are reduced with the exposure restriction) and maintain a strong liquidity position, says investment banking and research group Afrinvest (West) Africa Limited. The firm,

November 29, 2021

Currency·News

FOREX: I&E Dailly Turnover Rises By $210 Million

The average daily foreign exchange (Forex) turnover at the Investors and Exporters (I&E) window is now over $250million, up from $40million in April 2020, representing a $210million increase. Meanwhile, records from the Central Bank of Nigeria (CBN) show that the naira has remained

November 29, 2021

Agro-Economy·Finance & Economy

Harmonise Organic Agriculture Standards To Enhance Regional Trade – Experts Tell ECOWAS

Organic agriculture practice experts say harmonisation of its standards by the 15 ECOWAS member countries will enhance quality trade in certified produce and products in the region. They gave the assurance at the close of the 6th West African conference on organic

November 27, 2021

CBN Defends eNaira, Emphasizes Role In Financial Inclusion

Finance & Economy·News

eNaira Downloads Almost 600,000 In Less Than 4 Weeks- Emefiele

Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), says that in less than four weeks, the eNaira app had witnessed almost 600,000 downloads since its launch in October. Emefiele made the disclosure at the 56th Chartered Institute of Bankers of Nigeria

November 27, 2021

Nigeria Air: Sirika Risks Contempt Of Court Charge - Domestic Airlines

Finance & Economy

Nigeria Air To Begin Operations With Three Rented Planes – FG

The federal government has disclosed that Nigeria Air will commence operations with three wet-leased aircraft. Hadi Sirika, minister of aviation, disclosed this during a press briefing on Thursday, November 25, in Abuja. Sirika said: “They will start with wet-leased aircraft and that’s

November 26, 2021

Finance & Economy

Nigeria’s Oldest Bank, FBN Holdings, Too Big For Individual Ownership

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday said that First Bank, Nigeria’s oldest bank, is too big for individual ownership as well as systemically important . The CBN governor, who spoke at the end of the

November 25, 2021

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Finance & Economy - Page 279

What Nigeria’s 15.10% Inflation Rate Drop Means

‘Pension Fund VI Will Boost Investable Assets In Non-interest Funds’

World Bank Says Nigeria’s Exchange Rate Policy Discourages Investors

Liquidity Boost Expected On Maturing N54.30 Billion OMO Bills

CBN Plans To Set Up Finance Centre At Eko Atlantic City In 2022

Basel III: Nigerian Banks To Strengthen Capital Adequacy, Liquidity

FOREX: I&E Dailly Turnover Rises By $210 Million

Harmonise Organic Agriculture Standards To Enhance Regional Trade – Experts Tell ECOWAS

eNaira Downloads Almost 600,000 In Less Than 4 Weeks- Emefiele

Nigeria Air To Begin Operations With Three Rented Planes – FG

Nigeria’s Oldest Bank, FBN Holdings, Too Big For Individual Ownership

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