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CBN’s intention to acquire N20trn dormant funds will worsen Federal govt’s debt portfolio – expert

THE Central Bank of Nigeria’s (CBN) intention to mop up dormant funds in banks will not only worsen the...
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Investors lose over N601bn as SEC pledges to protect market confidence

INVESTORS lost over N601 billion this week as negative sentiments persisted and caused the total market capitalisation and All-Share...
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CBN policy pushing banks to adopt cross-border expansion

MORE Nigerian banks will adopt cross-border expansion in the face of tight regulation, over-concentrated risk, and the desire to...
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IMF says $4.7bn needed to close loan gap in Africa ahead of October meeting  

THE International Monetary Fund (IMF) says it needs a total of $4.7 billion to close the loan resource gap...
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UBA, Jaiz, FCMB, Stanbic IBTC pay N1.38bn fine for money laundering, other offences

THE United Bank for Africa (UBA) Plc and three other banks have paid a fine to the tune of...
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DMO reopens four FGN bonds at N360bn targeted at budget financing

THE Debt Management Office (DMO) said it has reopened for subscription four FGN bonds valued at N360 billion, as...
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