The Central Bank of Nigeria (CBN) reported a significant increase in remittance inflows, reaching $553 million in July 2024—a 130% increase from the same period in 2023.
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According to the PID, the loan will focus on three major result areas, with the improvement of recruitment, deployment, and performance management of sector workers being a key component.
Guaranty Trust Bank Plc (GTBank) has confirmed an attempt to compromise its website domain. The bank’s management disclosed the incident…
Nigeria’s headline inflation rate dropped to 33.40% in July, according to the National Bureau of Statistics (NBS).
Six prominent banks, including United Bank for Africa (UBA), Wema Bank, and Stanbic IBTC, were excluded from participating in a…
Dangote Group’s subsidiaries have emerged as major recipients in the latest Retail Dutch Auction conducted by the Central Bank of…
“The merger is contingent upon the financial support from the CBN. The fund will be instrumental in addressing Unity Bank’s total obligations to the Central Bank and other stakeholders.
According to GCR, “the ratings were affirmed on the prospects of significant growth in earnings following the commencement of operations at the new petrochemical refinery and robust earnings expectations from the other businesses.”
Arvind Pathak, remarked, “We effectively navigated macroeconomic headwinds to deliver positive results in the first half of the year. Group volumes were up 3.8%, with our Nigeria operations achieving double-digit volume growth of 10.9%.
President Bola Tinubu has declared that the fiscal revenue of Nigeria has more than doubled under his administration, soaring over N9.1 trillion in the first half of 2024.