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Finance & Economy - Page 292

NNPC Sets 2026 Agenda After Record Oil Output

Nigeria’s state oil company, NNPC Limited, has reported record production and outlined plans to drive investment and operational efficiency in 2026. In a New Year address to staff, Group Chief Executive Officer Bashir Bayo Ojulari highlighted milestones from 2025, including upstream oil

January 19, 2026

Currency·Finance & Economy·Top Stories

Exchange Rate Update: Thursday, October 21, 2021

DATA obtained from the FMDQSecurity Exchange where foreign exchange (forex) is traded officially, shows that the exchange rate between the naira and the US dollar at the Investors and Exporters (I&E) window opened at N413.94 on Thursday, October 21, 2021. The rate

October 21, 2021

HE Central Bank of Nigeria (CBN) says Nigerians without Internet-enabled or Android phones will still make transactions on the eNaira platform.

Currency·Finance & Economy·Top Stories

How eNaira Platform Can Work In Phones Not Internet-enabled

THE Central Bank of Nigeria (CBN) says Nigerians without Internet-enabled or Android phones will still make transactions on the eNaira platform. The apex bank disclosed this in a document titled ‘Design paper for the eNaira’. According to the apex bank, eNaira was

October 21, 2021

Finance & Economy·Top Stories

AfDB Group, MTN Sign $500,000 Grant Deal To Study Women’s Access To Financial Services

THE African Development Bank (AfDB.org) has signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN Nigeria, to be used for a study into economic, religious, and social factors hampering access to finance for women

October 20, 2021

Finance & Economy·Top Stories

Citigroup Recognizes Fidelity Bank For Efficiency In Foreign Currency Payments

IN recognition of its excellent operational efficiency in foreign currency payments, leading financial institution, Fidelity Bank Plc, has been given the Straight-Through Processing (STP) Excellence Award by Citigroup. Every year, Citigroup, a leading global bank headquartered in New York and present in

October 20, 2021

Finance & Economy·Top Stories

Sterling Bank Promotes Renewable Energy Use

…Powers Corporate HQ With Solar Technology Sterling Bank Plc is showing commitment to promoting renewable energy use. It currently powers its corporate headquarters with Integrated Photovoltaic (BIPV) energy technology as the primary source of energy. Dele Faseemo, Group Head of Energy at

October 20, 2021

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

Entrepreneurship·Finance & Economy·Top Stories

CBN Releases Guidelines For Implementation Of Tertiary Institutions Entrepreneurship Scheme

…To Harness Potential Of “Gradpreneurs” THE Central Bank of Nigeria (CBN), on Wednesday, released guidelines for the implementation of tertiary institutions entrepreneurship scheme. The Guideline outlines the operational modalities for the Scheme, with the objective of enhancing access to finance by undergraduates

October 20, 2021

Currency·Finance & Economy·Top Stories

Forex Update Today: Naira (N) vs Dollar ($)

THE Dollar on Wednesday, October 20, opened at an exchange rate of ₦414.18/$1 after the Naira closed at ₦414.73 to a $1 on Monday, 18 October 2021. This is according to the data obtained from the FMDQSecurity Exchange where foreign exchange (forex)

October 20, 2021

Finance & Economy·Top Stories

Nigeria’s Credit Profile Reels Under High Corruption Levels, Says Moody’s

ALTHOUGH the credit profile of Nigeria (issuer rating B2) reflects "ba2" economic strength, supported by the

October 20, 2021

Data & Infographics·Finance & Economy·News·Top Stories

Nigeria’s External Debt Service To Rise By $260m On Eurobond Issue

A fresh report by FBNQuest, an investment banking and research arm of FBN Holdings Plc has revealed that, due to the latest Eurobond issuance by the Federal Government of Nigeria (FGN), the annual cost of external debt service is set to rise

October 20, 2021

Finance & Economy·Top Stories

Fidelity Bank May Issue $500m Unsecured Notes

… Bank Plans Listing On Irish Stock Exchange FIDELITY BANK PLC, has announced consideration to raise $500 million capital from the international debt capital market through unsecured notes issuance. According to a notice at the Nigerian Exchange signed by Ezinwa Unuigboje, the

October 20, 2021

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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

GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets

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Finance & Economy - Page 292

NNPC Sets 2026 Agenda After Record Oil Output

Exchange Rate Update: Thursday, October 21, 2021

How eNaira Platform Can Work In Phones Not Internet-enabled

AfDB Group, MTN Sign $500,000 Grant Deal To Study Women’s Access To Financial Services

Citigroup Recognizes Fidelity Bank For Efficiency In Foreign Currency Payments

Sterling Bank Promotes Renewable Energy Use

CBN Releases Guidelines For Implementation Of Tertiary Institutions Entrepreneurship Scheme

Forex Update Today: Naira (N) vs Dollar ($)

Nigeria’s Credit Profile Reels Under High Corruption Levels, Says Moody’s

Nigeria’s External Debt Service To Rise By $260m On Eurobond Issue

Fidelity Bank May Issue $500m Unsecured Notes

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