Economy

responds to a mandate from CBN, which requires banks to increase their capital to support Nigeria’s $1 trillion economy

Nigeria's foreign exchange (FX) reserves have reached $33.58 billion, according to the latest data from the Central Bank of Nigeria...

Shareholders of UAC Nigeria Plc have approved the Board of Directors’ recommendation for a N644 million dividend for the financial...

Sovereign Trust Insurance Plc has released its audited financial statements for 2023, prepared in accordance with the new IFRS-17 reporting...

African Export-Import Bank and the Africa Centers for Diseases Control and Prevention have renewed their partnership with a new cooperation...

Fidelity Bank's CEO, Nneka Onyeali-Ikpe, has announced a N127.10 billion capital raise aimed at enhancing the bank’s market position and...

The China Development Bank (CDB) in Cairo has signed a development-focused agreement to provide the African Export-Import Bank (Afreximbank) with...

Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has launched its highly anticipated Education Endowment Plan, an offering that...

9 Payment Service Bank (9PSB), Nigeria’s digital payment service bank, focused on financial inclusion, has echoed the impressive progress demonstrated...

Experts have highlighted the important role of fintech adoption in the growth of Small and Medium Enterprises (SMEs).

Motorists in Lagos, Southwest Nigeria, who flout road traffic laws may now face stricter enforcement, as officials of the Lagos...

Africa has a unique opportunity to influence what the future of work looks like in these early days as large...

A recent study revealed the most financially healthy countries, focusing on key metrics such as GDP and debt per capita and average...

Multichoice, the operator of DStv and GOtv, has reported a loss of 4.1 billion rand, an equivalent of ($225.8 million...

Kogi, Ekiti, and Kwara have the highest level of food inflation on the year-on-year basis analysis, Techeconomy can report.