The December 2022 development update of the World Bank has projected that interest payments on the Nigerian government’s borrowing from the Central Bank (CBN), will gulp about 62 percent of revenue by 2027, despite the restructuring plan.
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Mr Francis Dufay, the Chief Executive Officer (CEO), Jumia, a Pan-African e-commerce platform, says the company plans to shift strategy to enhance growth levels for the rest of 2023.
Senate has passed a bill seeking to amend the Central Bank of Nigeria (CBN) Act to increase its advances to the Federal Government from five per cent to maximum of 15 per cent.
Naira appreciated at the Investors and Exporters window on Wednesday exchanging at N463.33 to the dollar, a 0.23 per cent increase against the N464.42 to the dollar traded on Tuesday.
The Central Bank of Nigeria (CBN) has again raised its benchmark lending rate from 18 to 18.5 percent, in a push to contain the nation’s inflationary trend.
The Central Bank of Nigeria has revoked the operating licenses of 132 microfinance banks in the country.
The African Development Bank (AfDB) Group has urged critical stakeholders on the continent to support the bank’s Africa Pharmaceutical Technology Foundation (APTF).
The Central Bank of Nigeria (CBN) has inaugurated eNaira wallet students ambassadors in the University of Jos.
Major stakeholders on the African continent have converged in Sharm El Sheikh, Egypt for African Development Bank (AfDB) Group’s Annual Meetings.
The Bank of Industry (BoI) recorded N2.3 trillion profit before tax under President Muhammadu Buhari, Chairman Board of Directors of the bank, Aliyu Dikko has said.