Funding Rates Sink as FAAC Inflow Boosts Liquidity
Funding Rates Sink as FAAC Inflow Boosts Liquidity On account of a solid liquidity level in the money market, the short-term benchmark rates slumped sharply Thursday as inflow from the…
Customs MMA Command Generates N38.7bn in 1st Half of 2023
Customs MMA Command Generates N38.7bn in 1st Half of 2023 The Murtala Muhammed Area (MMA) Command of the Nigeria Customs Service (NCS) says it generated total revenue of N38.7 billion…
Russia to Supply 50,000 Tons of Grains to African Countries – Putin
Russia to Supply 50,000 Tons of Grains to African Countries – Putin Russian President, Vladimir Putin, says Russia will supply 50,000 tons of grains to some African countries in the…
Afrixembank Offers $30bn Credit Limit to Africans Willing to Invest in Russia
Afrixembank Offers $30bn Credit Limit to Africans Willing to Invest in Russia The African Export–Import Bank (Afrixembank) on Thursday in St. Petersburg, Russia, announced a credit limit of 30 billion…
Ecobank Bolsters Performance as Profit Jumps 16%
Ecobank Bolsters Performance as Profit Jumps 16% Pan African lender, Ecobank group Plc. has raised the bar on its earnings performance with 16% year-on-year growth in profit after tax. In…
Nigeria, South Africa to Tackle Economic, Cyber Crimes
Nigeria, South Africa to Tackle Economic, Cyber Crimes Nigeria and South Africa have reiterated their commitment to tackle the menace of cybercrimes, money laundering and other economic and financial crimes.…
Fed Raises Rates 25bp, Maintains Tightening Bias
Fed Raises Rates 25bp, Maintains Tightening Bias The United States (US) Fed unanimously hiked its policy interest rate range 25 basis points as widely expected with a statement retaining the…
Federal Universities Remain Tuition Free – FG
Federal Universities Remain Tuition Free – FG The Federal Government has described as inaccurate, social media reports earlier this week which said the Federal Government had increased tuition fees in…
Court Dismisses Suit Challenging Kaduna Senator’s Nomination
A Federal High Court in Abuja has dismissed a lawsuit challenging Senator Lawal Usman’s nomination for the Kaduna State Central senatorial election on February 25, 2023. A Federal High Court…
Abuja Master Plan: FCTA Demolishes 5,000 Unapproved Structures In Gishiri
As part of efforts to mitigate the abuse of Abuja Master plan, the Federal Capital Territory Administration (FCTA), has disclosed the removal of at least 5,000 shanties and other illegal…