Tag Archives: Deputy Governor

The Deputy Governor, Financial System Stability Directorate, Central Bank of Nigeria, Aisha Ahmad has encouraged small businesses in Nigeria on being intentional about overcoming the challenging ecosystems in order to contribute their quota to the growth of Nigeria’s economy. According to her, SMEs represented a huge potential to drive economic …

Africa’s Global Bank, United Bank for Africa (UBA) Plc has said that its diversified business model in key international markets on the continent and around the world, continues to act as a hedge and to position the Group to better mitigate business risks arising from the financial, economic and political …

The Nigerian Apex Bank has said the total assets in the Nigerian banking sector rose by N11.8 billion in one year to N65.48 trillion as of the end of June 2022, representing 22 per cent increase over the period. The Deputy Governor, Financial Systems Stability Directorate, Aishah Ahmad, disclosed this …

The Bayelsa State Government has indicated interest in partnering Heritage Bank Plc on youth empowerment and sport development. The Deputy Governor, Senator Lawrence Ewhrudjakpo disclosed the interest of the State Government during a courtesy call with the Commissioner for Youths and Sports, Daniel Igali and others on the Management of …

The Central Bank of Nigeria has revealed that electronic transactions  (e-payment transactions) in Nigeria increased by 66 per cent year-on-year to N330 trillion in December 2021 from N198.61 trillion at the end of 2020. Delivering a keynote address at a conference tagged “The Future of Payments and Fraud: Catching the …

Serial digital entrepreneur and Chairman, Zinox Group, Leo Stan Ekeh has committed the sum of over N500 million towards a novel initiative to create jobs and promote peace in Imo State. Ekeh, a native of Mbaitoli in Imo State, announced the contribution during a quarterly Stakeholders Meeting/Luncheon hosted by the …

A new report has revealed that the National Financial Inclusion Strategy targets were not met as thirty-six per cent of Nigerian adults (38 million adults) remained completely financially excluded at the end of 2020. Enhancing Financial Innovation & Access, in a survey titled ‘New data from EFInA’, said financial inclusion …

…As Bank Disbursed N44 Billion to Cotton, Textile Sector in Two Years …Over 620,000 Direct and Indirect Jobs Created …Aims to Empower Cultivation of 80,000 Hectares of Cotton The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has revealed the apex bank plan to resuscitate Nigeria’s Cotton, …

The Central Bank of Nigeria (CBN) has disclosed that the federal government spent $1billion on debt servicing  and payments between January and March 2021. The CBN in prior period said the government spent $4.68billion on debt services and payments. According to the apex bank international payments data, $617.5million was spent …

The Central Bank of Nigeria (CBN) has disclosed that the federal government spent a total of $9.76 billion on debt servicing between 2015 and 2020. The breakdown by CBN revealed that $1.3 billion was spent on debt servicing in 2019, as against $5.77 billion spent in 2020. As gathered from …