Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award…
Finance
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Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) welcomes the release of the much-anticipated circular of the Central Bank of…
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FinanceNews
CBN new capital requirement for banks has not increased materially in real terms when adjusted for inflation—CPPE
Centre for the Promotion of Private Enterprise has said that the Central Bank of Nigeria new prescribe minimum capital for banks when…
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India’s foreign exchange reserves rose for a fifth straight week to hit a record high of $642.63 billion as of March 22,…
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FinanceNews
Access Holdings announces $1.5bn Capital raising programme, targets N365bn by way of a Rights Issue as subset of Programme
Access Holdings Plc, one of Africa’s leading financial groups, has unveiled plans to establish a Capital Raising Programme of up to US$1,500,000,000.00…
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African Export-Import Bank (Afreximbank) has partnered with Sterling Bank to introduce the innovative supply chain finance product ‘Payables Finance’, in Nigeria. This product,…
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FinanceNews
CBN sets new minimum capital requirements of N200bn, N50bn for banks, gives 24 months to recapitalise
Central Bank of Nigeria has set a new minimum capital requirements for Nigeria banks. According to CBN the new minimum capital base…
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Nigeria equity market nudged higher as the benchmark index rose by 0.27% to close at 104,562.06 points. Renewed interest in MTNN (+0.91%), alongside sustained interest in tier 1 …
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EconomyFinanceNews
WBG publishes new data, aiming to boost investment in emerging markets, data shows untapped potential, resilience in emerging markets.
The World Bank Group today published sought-after proprietary statistics that reveal the credit risk profile of private and public sector investments in…
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Access Holdings Plc (“The Group”) has announced its audited Consolidated and Separate Financial Statements for the year ended December 31, 2023. In…
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The African Export-Import Bank (Afreximbank) has announced the successful completion of a first-of-its-kind India-focussed club deal for US$282.00 million. Initiated for the exclusive…
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A Nigerian lawyer T.J. Krukrubo, SAN, has withdrawn his legal representation of a fleeing Binance Executive, Nadeem Anjarwalla. The lawyer filed the latter’s…
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Recovering from the previous session’s loss, the Lagos bourse posted gains as the benchmark index rose by 0.32% to close at 104,283.64 points.…
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FinanceNews
How prepared are Nigerian banks to fight AI-powered fraudsters as U.S. banks lost $12.5bn
Internet crime cost Americans $12.5 billion in 2023. According to a report published Wednesday by the Treasury Department U.S. banks are struggling…
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Central Bank of Nigeria (CBN) at the end of its 294th monetary policy meeting further raised the MPR by 200bps to 24.75%…