Nigeria’s MPC disappoints analysts, investors, keeps policy rates constant

The broad expectation of financial and economic analysts and experts that Nigeria’s central bank will tweak rates in its first meeting in the new year on the back of an upswing in inflation in December the Monetary Policy Committee, unsurprisingly on Tuesday left all monetary policy parameters unchanged for another time by unanimous vote at […]

T-bills, OMO rebound on N239.3bn liquidity boost as bond yields fall

T-bills, OMO rebound on N239.3bn liquidity boost as bond yields fall

Naira to trade calm barring market shocks after N0.50k gain on dollar   Fixed-income analysts say they expect trading to kick off this week on a mixed note, as there are no catalysts to alter the usual sentiment in the market. In addition, the constrained level of system liquidity is expected to weigh on activities […]

Nigeria to benefit as oil seen rallying to $100

Nigeria to benefit as oil seen rallying to $100

Nigeria could be in line for a windfall from a rally in oil prices this year if all the projections by analysts come to pass. It will be good for an economy that has been seriously squeezed by shortfalls in revenues since 2015 and hit by a double whammy recession, which it just barely managed […]

Digital bank FairMoney disburses over N117bn loans to Nigerians in four years 

Digital bank FairMoney disburses over N117bn loans to Nigerians in four years 

FairMoney Microfinance Bank, the Nigerian digital bank, said it has disbursed loans worth over N117 billion to business owners and individuals across Nigeria, since its establishment in 2017 Laurin Hainy, co-founder and chief executive officer of the digital banking and collateral-free instant loan platform, made the disclosure during his presentation of the lender’s accomplishments since […]

Stanbic IBTC loan solutions to ease access to finance for Nigerian SMEs

Stanbic IBTC loan solutions to ease access to finance for Nigerian SMEs

Small and Medium Enterprises (SMEs) have invariably played a substantial role in the Nigerian economy, serving as relevant contributors to employment, economic and export growth. A survey by the Nigeria Bureau of Statistics (NBS) revealed that SMEs contribute over 48 percent to the national gross domestic product (GDP) and account for an estimated 96 percent […]

Shareholders clear way for Access Bank to go HoldCo in structure

Road users to repay N14trn infra loan at toll gates, says CBN governor

  Transfer of 35.5 billion shares to take place   The stage is now all set for Access Bank plc to change its governing business structure to a non-operating holding company following a court-ordered meeting in Lagos on Thursday where the bank’s shareholders gave their approval for the board to go ahead and effect the […]