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2 weeks ago | 
thisdaylive.com | Nume Ekeghe |Ndubuisi Francis |Deji Elumoye
Ndubuisi Francis in Abuja The Ministry of Finance Incorporated (MOFI) yesterday signed a Memorandum of Understanding (MoU) with Shelter Afrique Development Bank (ShafDB) to kick-start an international commitment to strengthening Nigeria’s housing sector through the N1 trillion multi-tranche MOFI Real Estate Investment Fund (MREIF) The MoU signing event was the icing on the cake for the MREIF programme which has already disbursed 100 mortgages since the cqpital raising of an initial N250...
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2 weeks ago | 
thisdaylive.com | Nume Ekeghe |Ndubuisi Francis |Francis Sardauna
Hammed Shittu in IlorinThe Kwara State Government yesterday hinted that arrangement has been finalised to secure over $85.4m grant from the World Bank to bring more dividends of democracy to the doorsteps of the rural populace in the state. The state commissioner for Finance, Dr. Awwal Nuru dropped the hint in Ilorin during the first quarter 2025 inter ministerial press briefing organised by the State Ministry of Communications.
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3 weeks ago | 
thisdaylive.com | Adeyinka Salami |Ndubuisi Francis |Nume Ekeghe
•Claims less than 10% of SME loans go to women despite recording 95% repaymentSunday Aborisade in AbujaNotable female entrepreneurs have launched a campaign seeking equitable funding for businesses owned by women. Tagged, ‘WEEwantMore,’ the campaign was aimed at drawing the attention of the Central Bank of Nigeria (CBN) and other financial institutions to the various bottlenecks creating series of barriers to funding women-owned businesses in Nigeria.
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4 weeks ago | 
thisdaylive.com | Ndubuisi Francis |Nume Ekeghe |James Emejo
•Firm promises to catalyse funding to SMEs, othersJames Emejo in AbujaCentral Bank of Nigeria (CBN) approved the application of Ascensia Finance Company Limited to operate as a finance company in the country. The final approval was conveyed in a letter dated April 10, 2025, and signed by Dr. Abubakar Shebe, on behalf of CBN Director, Financial Policy and Regulation Department.
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1 month ago | 
thisdaylive.com | Michael Olugbode |Nume Ekeghe |James Emejo
•Seek to prioritise cost optimisation, service innovationJames Emejo in AbujaShareholders of Transcorp Hotels Plc, yesterday, okayed the sum of N7.57 billion as dividend for the 2024 financial year. The board had proposed a final dividend of 64 kobo per share or N6.56 billion for the period under reviews. In addition, an interim dividend of 10 kobo per ordinary share, paid at half-year, brought the full dividend to N7.57 billion or 74 kobo per share.
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1 month ago | 
thisdaylive.com | Nume Ekeghe |James Emejo
•Sees new Investment Act as stimulant to economic growthNdubuisi Francis in AbujaNigerian banks have so far raised N2.4 trillion through the capital market in the ongoing recapitalisation of the banking sector directed by the Central Bank of Nigeria (CBN). Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, disclosed this in an interview in Abuja.
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1 month ago | 
thisdaylive.com | Ndubuisi Francis |James Emejo |Nume Ekeghe
•Reveals position enough to withstand external shocks •$500m W’Bank Loan: LCCI advises FG to focus on addressing poor power supply, high energy cost•Says loan will provide short-term stimulus with unsavory long-term macroeconomic implicationsJames Emejo in Abuja and Dike Onwuamaeze in LagosThe Central Bank of Nigeria (CBN), yesterday reported a marked improvement in its net foreign exchange reserve (NFER), which stood at $23.11 billion in 2024.
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1 month ago | 
thisdaylive.com | Nume Ekeghe |James Emejo
Nume EkegheA report by the Central Bank of Nigeria (CBN), has revealed that the nation’s banking sector maintained its resilience in the fourth quarter of 2024, as key financial soundness indicators showed significant improvements. The CBN’s Q4 2024 Economic Report revealed that the banking system’s capital adequacy ratio (CAR) rose by 2.68 percentage points to 15.20 per cent, up from 12.52 per cent in the previous quarter.
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1 month ago | 
thisdaylive.com | Nume Ekeghe |James Emejo |Sylvester Idowu
Michael Olugbode in AbujaTranscorp Hilton Abuja, in collaboration with Connected Development (CODE), marked this year’s Earth Hour with a series of inspiring activities aimed at raising awareness about climate change and sustainability. The event, themed “Give an Hour for Earth,” was held at the hotel’s lobby from 8:30 PM to 9:30 PM and brought together environmental advocates, guests, and performers in a shared commitment to saving and protecting the planet.
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2 months ago | 
thisdaylive.com | James Emejo |Nume Ekeghe
•Market transparency, interest rates, trade balances showing signs of improvementNume EkegheRenowned economist and Chief Executive Officer of Financial Derivative Company Limited, Bismarck Rewane, has applauded the recent interventions by the Central Bank of Nigeria (CBN) in the foreign exchange market, saying the policies are effectively stabilising the naira.
