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W’ Bank loans drive Tinubu’s social spending agenda

As Nigeria leans more on World Bank financing to support social programmes, the President Bola Tinubu administration aims to ease reform pains, with success...

GTT’s hands full of tank design orders for FLNG unit and multiple LNG carriers

French technological containment specialist Gaztransport & Technigaz (GTT) has seen a spike in new orders, securing additional tank design jobs for liquefied natural gas...

New CBN capital rules may trigger N972bn equity scramble

Nigerian banks’ holding companies may be required to raise a combined N971.764bn in fresh equity if the Central Bank of Nigeria implements its proposed...

Coronation Infrastructure Fund’s net asset value hits N9.82bn

The Coronation Infrastructure Fund has reported that its net asset value has officially reached N9.82bn, backed by an impressive 20.69 per cent gross portfolio...

Coronation names Ohiwerei CEO after CBN regulatory approval

Coronation Merchant Bank has appointed Obeahon Ohiwerei as its Managing Director and Chief Executive Officer following the receipt of the Central Bank of Nigeria’s...

Finance minister charts course for $1tn economy

Coordinating Minister of the Economy and Minister of Finance, Taiwo Oyedele, said Nigeria has moved beyond the phase of restoring macroeconomic stability and must...

Nigeria’s reserves hit $52bn, inflation drops to 15.9%

The Central Bank of Nigeria has reported a landmark recovery in the nation’s financial buffers, with gross foreign reserves surging to $51.89bn, nearly reaching...

Tinubu unveils $3.05bn W’Bank-funded anti-poverty programmes

President Bola Tinubu on Thursday unveiled about $3.05bn in World Bank-funded programmes aimed at reducing poverty, strengthening healthcare and education, and improving the livelihoods...

Banks slash lending, cut N5.4trn across key sectors

Deposit Money  Banks (DMBs) slashed lending to oil and gas, information and communication technology (ICT) and six other key sectors of the  economy by N5.45 trillion...

Economy exits contraction but households remain pessimistic — CBN

Nigeria’s economy exited contraction in June as the Purchasing Managers’ Index, PMI, rebounded to 50.1 points from 49.6 points in May, driven by sustained...

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