The start-up specialises in digital and agricultural insurance to protect smallholder farmers in Africa from risk.
“Total SLF granted during the review quarter was N1.7tn, made up of N866.93bn direct SLF and N833.53bn Intraday Lending Facilities converted to overnight repo."
The Central Bank of Nigeria (CBN) has cancelled the operating licenses of 42 microfinance banks. Nigeria Deposit Insurance Corporation (NDIC) announced this measure in a post...
The Monetary Policy Committee of Nigeria’s Central Bank (CBN) has retained key lending rates at 11.5 percent. CBN Governor, Godwin Emefiele, announced this on Tuesday, saying...
The Central Bank of Nigeria’s Manufacturing Purchasing Managers’ Index (PMI) stood at 50.2 index points in November. This indicates recovery from the contraction it recorded the...
“This growth in credit was mainly to manufacturing (N866.27 billion), consumer credit (N527.65 billion), oil and gas (N477.65 billion), agriculture (N287.11 billion) and construction (N270.97 billion),’’...
The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF). CBN, in a statement by...
Financial inclusion in Nigeria has missed its target. This has been confirmed in a report from the Central Bank of Nigeria (CBN) and the Enhancing Financial...
One of Nigeria’s versatile banks, Guaranty Trust Bank is delaying payment of dividends to shareholders and the reason for this has been given. The commercial lender...
By March 2020, it had become very clear that COVID-19 was a global pandemic. The news media was awash with a shock announcement by the Central...
