Tag Archives: Business News

In line with its commitment to enabling success for its customers, Union Bank has partnered with its parent company, TGI Group and Women’s World Banking, to introduce the ‘Digital Supplier Credit’ solution under its women’s banking proposition, αlpher. The ‘Digital Supplier Credit’ solution is designed to address the financial needs …

The International Monetary Fund has said that removing trade barriers and deepening trade integration under the African Continental Free Trade Area (AfCFTA), will increase trade flow among African countries by 53 per cent The International body noted that the removal of trade barriers among African countries will help lift 50 …

The International Monetary Fund (IMF) has urged African Goverment to collaborate in order to bring down trade barriers down to 1%. The International body posited that the trade barriers among African Countries is counter-productive. IMF said this in its recent report titled, ‘Trade Integration in Africa: Unleashing the continent’s potential …

Stanbic IBTC Holdings Plc in 2022 audited financial statements for period ended December 31, 2022 has reported an increase of 10 per cent from N2.74trillion to N3.03trillion in total assets. According to the report, the increase was driven by growth in gross loans & advances and customer deposits. Despite challenges …

Nigeria’s inflation rate has risen above prediction to a record 21.91 percent in February. This signals a possible hike in monetary rates when the Monetary Policy Meeting of the Central Bank of Nigeria (CBN) meets next week. A report by the National Bureau of Statistics (NBS) yesterday showed that inflation …

A former Central Bank of Nigeria’s Deputy Governor, Kingsley Moghalu, has expressed dissatisfaction over the series of crises created by the naira redesign policy of the apex bank. Moghalu noted that the terrible suffering and economic loss Nigerians experienced as a result of the faulty implementation of the CBN’s naira …

By Yvonne-Faith Elaigwu, Head of Operations and Governance, OnePipe ‘Cashless’ has probably become one of the most popular words in Nigeria in the last few months. While it can be defined in different ways, it has one universal meaning and is characterised by the exchange of funds for goods and …

President of the 77th session of the UN General Assembly, Csaba Kőrösi has said the debt profile of the world’s Least Developed Countries (LDC) may hit $83 billion. In his remarks to the Civil Society Forum also being held on the margins of the LDC Leaders’ Summit in Qatar on …

Nigeria’s currency in circulation fell to a record low of N1.39 trillion in January 2023, representing the lowest level since December 2015, or seven years ago. This is according to data obtained from the Central Bank of Nigeria (CBN). The total amount mopped up in just a month of January …

The country’s foreign reserves fell by $427.14m in one month, figures obtained from the Central Bank of Nigeria revealed on Monday. This is as the crisis in the country’s currency worsened over the scarcity of the new naira notes. Figures obtained from the CBN on the movement of foreign reserves …