KELECHUKWU MGBOJI

In what could be considered a big bail-out, President Bola Tinubu, on Monday said that his administration will spend over N200 billion as credit to strengthen the manufacturing sector, increase its capacity to expand and create good paying…

Desperate for Foreign Exchange (forex), the Central Bank of Nigeria (CBN) increased the yield of its Treasury Bills more than double, signaling a significant shift away from the negative yield remarkable of most fixed-income instruments…

The Central Bank of Nigeria (CBN) said it has set a target of 95 percent in its radical effort to bring most Nigerians into the financial system by 2024. To this end, the apex bank said it has lowered banks' official requirements for…

Wema Bank posted remarkable gross earnings of N89.09 billion in a half-year period ending June 30, 2023. This is a year-on-year increase of 49 percent over N59.59 billion in the corresponding period of 2022 (H1 2022). Its unaudited…

Nigerian equities market sustained its bullish trend on Tuesday, with the performance indicators rising by 110 basis points or 1.1 percent on the back of buying interest in the shares of MTNN (+5.5%), SEPLAT (+9.9%), and GEREGU (+3.6%).…

The Central Bank of Nigeria (CBN) on Tuesday asserted its autonomy and increased the benchmark interest rate from 18.5 per cent to 18.75 per cent against President Bola Tinubu’s wish to bring down the monetary policy rate (MPR).  At…

The holding company of Nigeria’s premier bank, First Bank Holding Plc, has announced plans to raise fresh capital if shareholders endorse the proposal in its coming annual general meeting (AGM) on August 15, 2023. In the Group’s Notice of…

The international rating agency, Moody’s, has warned that the economic reforms of Nigeria's President Bola Tinubu could lead to social unrest that would potentially derail progress, urging for a delicate balance between pandering to the…

Nigeria's foreign reserve depreciated by 1.8 percent or $608.9 million to $34.04 billion at the close of transactions on Friday, July 14, down from $34.65 billion on June 14, 2023, when the Central Bank of Nigeria (CBN) floated the local…

Nigeria's domestic bourse slipped as the benchmark index closed 0.01 percent higher to 63,757.23 points. Gains in MTNN (+1.85%), GTCO (+0.87%), and NB (+4.47%) could not offset maximum losses (-10.00%) in Geregu Power, and other…