September 08, (THEWILL) – Nigerian banks’ borrowings from the Central Bank of Nigeria (CBN’s) Standing Lending Facility (SLF) increased to N737.05 billion in May 2022 from N612.43 billion in the previous month, according to the CBN latest monthly economic...
September 08, (THEWILL) – Indications have emerged that the Central Bank of Nigeria (CBN) has begun moves against beneficiaries of its Anchor Borrowers Programme (ABP) who have defaulted in their loan repayments.
This development follows the action by NIRSAL Microfinance...
September 06, (THEWILL) - The Central Bank of Nigeria (CBN), the Nigeria Export-Import (NEXIM) Bank, the Nigeria Sovereign Investment Authority (NSIA), and Heritage Bank PLC, among others, have reiterated their commitment toward improved local productive activities that will boost...
The financing and capacity building support offered by the Development Bank of Nigeria (DBN) to small and medium enterprises (SMEs) will enable the operators to step up their activities in the real sector value-chain. This is more significant in...
September 02, (THEWILL) - In the month of August 2022, the Central Bank of Nigeria (CBN) sold a total of N446.15bn in Treasury bill auctions. This was 9.47% higher than the N407.55bn allotted in June.
Specifically, for the 91-day tenor,...
September 01, (THEWILL) -Â The total value of capital importation into Nigeria in the second quarter of the year fell to $1.53 billion from $1.57 billion in the preceding quarter, the National Bureau of Statistics said on Wednesday.
The NBS in...
September 01, (THEWILL) -Â First Pension Custodian Nigeria Limited, the subsidiary of First Bank of Nigeria, has fully taken over possession of Access Pension Fund Custodian Limited, the pension subsidiary of Access Bank.
In a statement released by Access Holdings, the...
August 31, (THEWILL) - The Nigerian Content Development and Monitoring Board (NCDMB) has been adjudged as the best among all Ministries, Departments and Agencies in the country in the latest Executive Order (EO1) performance ranking for Ease of Doing...
August 31, (THEWILL) - While Nigeria is battling with its mounting debt of over N40 trillion and debt servicing commitments that consume virtually all of its revenue, the country plans to exceed its borrowing limit in 2023.
It also plans...
August 31, (THEWILL) - The Management of Dangote Sugar Refinery Plc has said it is determined to significantly reduce the importation of sugar into the country by 40 percent, thus paving the way for the employment of over 30,000...
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
