Knowing Debt-to-Income Ratio: A Vital Factor for Financial Wellness
Understanding Debt-to-Income Ratio: A Key Metric for Financial Well-Being Managing your finances involves keeping track of various metrics, and one of the most crucial is...
Author : NigGal
Managing Unexpected Gains: Ways to Get the Best Out of Surprise Income
How to Maximize Unexpected Income Life often presents surprises, and some of the most welcome ones come in the form of unexpected income. Whether it’s...
CBN Gives PoS Operators One Month to Comply with Aggregator Usage Directive
The Central Bank of Nigeria (CBN) has issued a directive mandating that all Point of Sale (PoS) operators must route transactions through licensed Payment Terminal...
FG Reaffirms Commitment to Agricultural Growth
FG Pledges Continued Support for Agricultural Growth The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the Federal Government’s commitment...
LAPO MFB has appointed a new director
LAPO Microfinance Bank has announced the appointment of Joshua Etopidiok as its new non-executive director. In a statement released on Sunday, the bank highlighted Etopidiok’s...
Naira Exchange Rates August 2024
Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell August 30, 2024 1630 / 1640 2110 / 2140...
CBN Lifts Suspension on Standing Lending Facility, Sets SLF Rate at 31.75%
The Central Bank of Nigeria (CBN) has officially lifted the suspension on the Standing Lending Facility (SLF), a key mechanism that banks use to manage...
Big 5 Construct Nigeria 2024 Summit to Foster Industry Collaboration
This year’s Big 5 Construct Nigeria conference will emphasize the importance of collaboration among construction professionals. According to the event organizers, the Big 5 Construct...
FCMB Pension CEO Christopher Bajowa Elected as New PenOp President
Christopher Bajowa, the Managing Director and Chief Executive Officer of FCMB Pension Limited, has been appointed as the new President of the Pension Fund Operators...
FG Postpones N150bn Loan Disbursement for Manufacturers to September
The Federal Government has postponed the disbursement of the N150 billion loan for manufacturers and micro, small, and medium enterprises (MSMEs) to September. This was...
FCMB Announces New Board Members
First City Monument Bank Limited (FCMB) has added Ademola Adebise and Mrs. Olufunmilayo Adedibu to its board of directors. In a statement released on Wednesday,...
Two FG savings bonds are available for subscription through the DMO
DMO Offers Federal Government Savings Bonds for Subscription at N1,000 Per Unit The Debt Management Office (DMO) has announced the availability of two Federal Government...
Nigeria holds the ninth position as an investment destination in Africa
Nigeria secured the position of the ninth most investable country in Africa for 2024, according to the latest RMB Where to Invest in Africa report....
UBA emerges most visited Nigerian banking website
The United Bank for Africa has been named the most visited banking website in Nigeria, as it received 2.36 million visits in June. According to...
Naira Exchange Rates July 2024
Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell July 31, 2024 1595 / 1600 2040 / 2080...
CBN jacks up interest rate again amidst rising inflation
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has jacked up the Monitoring Policy Rate (MPR) by 50bps moving interest rate to...
Senate amends Finance Act to allow imposition of windfall tax
The Senate, on Tuesday, passed the Finance Act (amendment) Bill, 2024 to provide for the imposition of Windfall Tax, assessment and review of profit declarations....
Minimum wage: Analysts canvass tax waivers for small businesses
Economic analysts have called on the government to give the organised private sector tax waivers to enable it to pay the newly approved N70,000 minimum...
Strategies for maintaining SME profitability amid inflation
Inflation poses a major challenge to businesses globally, hitting small businesses harder due to thinner margins and less flexibility to absorb cost increases, JOSEPHINE OGUNDEJI...
FG offers three bonds valued at N300bn for subscription
The Debt Management Office is offering three Federal Government of Nigeria bonds valued at N300 billion for subscription at N1,000 per unit. According to the...
NIM conference to empower women with technology
The Nigerian Institute of Management has said it is set to host the Women in Management and Leadership Conference, aimed at empowering women through technology...
CBN resumes dollar sales to BDCs, halts Naira depreciation
The Central Bank of Nigeria, CBN yesterday, announced the resumption of dollar sales to bureaux de change, BDCs, a development that reversed the sharp depreciation of the...
CBN to sell $20,000 to each BDC at N1,450/$1
The Central Bank of Nigeria (CBN) has announced the approval of the sales of FX to eligible Bureau De Change (BDCs) to meet the demand...
Jumia connects 11,000 SMEs to consumers across Nigeria, others
Jumia, an e-commerce platform, said it has connected over 11,000 Small and Medium Enterprises, SMEs, to millions of consumers across Nigeria and other African Countries. According...
World Bank appoints new country director for Nigeria
The World Bank yesterday appointed Dr. Ndiamé Diop as new Country Director for Nigeria. The bank in a statement said: “The newly appointed Country Director for...
Tips for preventing financial fraud
As one endeavours to attain financial stability and prosperity, the risk of falling victim to financial scams and fraudulent schemes increases. JOSEPHINE OGUNDEJI discusses how...
CBN to slow down rate hikes soon – Cardoso
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has stated that it will soon be able to slow down increases in the...
Real estate investment key to overcoming economic crisis
Investing in real estate is crucial for overcoming economic crises, according to Casafina The Chief Executive Officer of Casafina Development Company, Dr Seyi Olufemi, has...
DBN shortlists 20 MSMEs for tech summit
In a bid to stimulate the growth of micro, small, and medium enterprises in Nigeria, the Development Bank of Nigeria has successfully shortlisted 20 tech...
Nigeria wins right to host $5bn African Energy Bank
Nigeria has been granted the hosting rights for the $5bn African Energy Bank, the Federal Government announced on Thursday. It said the right was granted...