10/06/2023
It was heavily speculated ahead of the BRICS Summit in August the bloc would put forward a proposal to create a new currency between the participating nations to ease trade and to side-step sanctions imposed by the West.
10/05/2023
The agreement was inked on Tuesday between Mr. Kumapayi and Mr. Admir Imami of BII in Lagos, Nigeria.
10/04/2023
According to findings, banks and merchant banks during the first nine months of 2023 accessed the SLF window against the backdrop of CBN’s tightening monetary policy stance.
10/04/2023
The cut in government securities held for trade has been attributed to commercial banks seeking to avoid mark-to-market losses as interest rates on the securities lift off.
10/03/2023
The unit – along with Units 1 and 2 – were taken out of service last year following the collapse of a flue gas desulphurisation duct.
09/29/2023
On August 16, the Nigerian National Petroleum Company Limited revealed that it secured an emergency $3bn crude repayment loan from Afrexim Bank to relieve pressure on the naira.
09/29/2023
Banks have been increasing their attention to government papers given the sustained rise in the yields on T-bonds and T-bills.
09/27/2023
The department has counted six branches for Nedbank, but the group confirmed that it only has five branches in the pilot.
09/26/2023
After it found the firm had ‘significant compliance deficiencies’
09/26/2023
Employers said new statutory deductions and the mounting interest rates have significantly raised the monthly deductions on employee payslips
09/26/2023
The rates on the 182-day and 91-day T-bills are lying just shy of the 15 percent mark at 14.94 percent and 14.79 percent respectively.
09/26/2023
The agency also cautioned Nigerians to be wary of any giveaways on social media, especially cryptocurrency giveaways.
09/26/2023
Tax revenues fall short of spending, and debt issuance to make up the gap has boosted yields.
09/25/2023
Tax revenues fall short of spending and debt issuance to make up the gap has boosted yields.
09/25/2023
If the employee gets access to their retirement benefits, it is unlikely that the employer will get those monies back.
09/25/2023
Karrim explained that these loan scams are often “Advised fee scams”
09/22/2023
Economists had widely predicted that the repo rate would be maintained at 8.25%
09/22/2023
Inflation in August ticked slightly higher to 4.8%, up a fraction from 4.7% in July.
09/22/2023
The regulations make substantial amendments to the Sovereign Wealth Fund of Zimbabwe Act
09/21/2023
“Through this agreement, we aim to foster deeper collaboration, leverage our unique strengths, and jointly address challenges to ensure mutual progress.”