Nduka Chiejina Abuja

…DBN Disburses N1.1tr to 700,000 MSMEs The federal government has called on Nigerians to seize the opportunity to align government policies, private sector innovation, and development finance towards building a thriving economy where small businesses flourish, industries expand, and prosperity is widely shared. Vice President Kashim Shettima made the appeal on Thursday in Abuja at […]

Jaiz Bank Plc has secured an upgrade from GCR Ratings, which raised the Bank’s national scale long-term issuer rating from BBB-(NG) to BBB (NG), with the outlook revised from Positive to Stable. In a statement announcing the development, the Managing Director and Chief Executive Officer of Jaiz Bank, Dr. Haruna Musa, described the rating upgrade

…launches nationwide campaign on proper Naira handling As the festive season draws closer, the Central Bank of Nigeria (CBN) has moved to address the recurring challenge of currency scarcity by assuring Nigerians of sufficient banknotes to meet demand nationwide. Speaking at the flag-off of the Nationwide Sensitization on Proper Naira Notes Handling, Deputy Governor, Operations

…introduces 75% CRR on TSA Public Sector Deposits …grows Foreign Reserve to $43b, targets more accruals by year’s end …vows to target single-digit inflation despite election spending The Central Bank of Nigeria (CBN) on Tuesday reduced the Monetary Policy Rate (MPR) by 50 basis points to 27 percent, marking the first cut in two years.