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Union Bank Partners Rice-Processing Firm To Help 6,000 Local Farmers
Union Bank Plc says it has partnered with WACOT Rice Limited, a rice processing company, to financially include 6,000 local small-scale farmers in Kebbi State.
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Naira Exchanges For N433/$ At Official Market
The naira was exchanged for N433.33 at the Investors and Exporters (I&E) window of the forex market.
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Nigeria’s Debt To GDP Ratio Stands At 23%, Below 40% Limit – DMO
The Debt Management Office says Nigeria's debt to GDP ratio stands at 23% which is below the 40% limit set.
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Gains In Friesland Stock Pushes NASD Market Up By 0.98%
Gains recorded in the stock of FrieslandCampina WAMCO Nigeria Plc pushed the NASD Over-the-Counter Securities Exchange to positive territory on Tuesday.
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Power Generation Falls To 38MW
The federal government says the national grid collapse recorded on Tuesday pushed the power generation down from 3,713.1 megawatts to 38MW.
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CBN Disburses N66bn To Manufacturing, Agricultural Sectors
The Central Bank of Nigeria says it has disbursed N66 billion to the manufacturing and agricultural sectors.
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CBN’s Interest Rate Hike Pushes Stock Market Down By 0.06%
The announcement by the Central Bank of Nigeria to increase the Monetary Policy Rate to 15.5% was reflected negatively in the local stock market on Tuesday.
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CBN Pegs Interest Rate At 15.5%
The Central Bank of Nigeria has increased the Monetary Policy Rate from 14% to 15.5% to curb inflation, OduNews reports.
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Titan Trust Bank Rewards Customers With 4% Interest On $20k Savings
Titan Trust Bank Limited says customers will get 4% interest when they save up to $20,000 in their domiciliary accounts.
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IMF, FirstBank Call For Unified Exchange Rate
The International Monetary Fund has called for a unified exchange rate to help strengthen Nigeria's economy, OduNews reports.
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Naira Drops To N722 Pe Dollar At Parallel Market
The naira fell further against the dollar at the black market and significant variations occurred at the various FX market segments, OduNews reports.
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Sterling Bank Changes Name
Sterling bank shareholders have approved the conversion of the bank from a core banking business to a holding company.
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Fidelity Bank Partners SMEDAN To Empower SMEs
Fidelity Bank Plc says it is partnering with the Small and Medium Enterprises Development Agency (SMEDAN) to help SMEs access funding.
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Unlisted Securities Market Opens Week In Positive Territory
The NASD Over-the-Counter Securities Exchange recorded a 0.22% gain on the back of gains by Central Securities Clearing System (CSCS) Plc and FrieslandCampina Wamco Nigeria Plc.
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Investors Gain N87bn As Equities Market Inches Up By 0.33%
The Nigerian equities market began the week in positive territory as investors raked in N87.76 billion on Monday.
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Stanbic IBTC, Access Report Highest Bank Loans To Customers
Stanbic IBTC and Access Bank Plc recorded the highest loan figures doled out to customers in the first half of 2022.
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Nigerian Food Procurement Startup, Vendease, Raises $30m In Funding Round
Vendease, a Nigerian food procurement startup has raised $30 million in equity and debt funding round.
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Unlisted Securities Exchange Investors Lose N23bn
The NASD Over-the-Counter Securities Exchange dipped further last week as investors recorded a N23.06 billion loss.
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Fuel Subsidy Gulps N2.6trn In Eight Month
The Nigerian National Petroleum Commission (NNPC) Limited remitted nothing to the federal government coffers in August as its subsidy deduction increased to N2.565 trillion.
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FBNInsurance Rebrands To Sanlam
FBNInsurance has changed its brand name to Sanlam Life Insurance Nigeria Limited.
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