Interest Archives — City Business News

February 9, 2024 No Responses

How Interest Rate, Inflation, and Exchange Rate Will Shape Economic Growth In 2024, By Augusto & Co

A Pan-African Credit Rating Agency Agusto & Co has identified three major economic variables that are likely to have a fareaching impact on Nigeria’s growth in Gross Domestic Product (GDP) in 2024.Agusto & Co is a leading provider of industry...

January 23, 2024 No Responses

Dangote Cement Hits N10tri Market Capitalisation, Otedola Explains Interest

Foremost cement manufacturing firm, Dangote Cement Plc hit a milestone as a N10 trillion company on Monday at the Nigerian Exchange, the first company to attain such a valuation. Meanwhile, Business Man, Mr. Femi Otedola also on Monday confirm...

April 4, 2023 No Responses

DMO Offers April FGN Savings Bonds

The Debt Management Office (DMO), on Monday offered two Federal Government of Nigeria (FGN) Savings Bonds for the month of April at N1,000 per unit. According to the DMO, the first offer is a two-year FGN Savings Bond due in...

November 7, 2022 No Responses

AfDB Mobilises $31b Investment Interest

The African Development Bank (AfDB), has drawn 31 billion dollars in investment interest from African and global investors. In a statement issued by the Communication and External Relations unit of the AfDB, President of the bank, Dr Akinwumi Adesina sai...

July 20, 2022 No Responses

CBN Increases Benchmark Interest Rate To 14%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday increased the Monetary Policy Rate (MPR) to 14 per cent from its initial 13 per cent. Reading a communiqué after the committee’s meeting in Lagos, Mr...

November 9, 2021 No Responses

Renewed Interest In Airtel, MTN, Others Lift NGX By N644b

Transactions on the Nigerian stock market closed on a positive note on Monday with the market capitalisation gaining N644 billion to hit N22 trillion mark, amid gains by telecommunication companies. Specifically, the market capitalisation inched higher b...

March 29, 2021 No Responses

Non-Interest Capital Market, Full Of Potentials, Says SEC DG

The non-interest capital market sector in Nigeria has been described as one that is unique and full of potentials to facilitate the objective of deepening the financial system and spurring the growth of the Nigerian economy. This was stated by...

March 17, 2021 No Responses

NSE Rebounds By N83b On Buying Interests In Dangote Cement, MTN Nigeria

The Nigerian Stock Exchange (NSE) rebounded on Tuesday with N83 billion following buying interest in Dangote Cement and MTN Nigeria Communications (MTNN). Specifically, the market capitalisation inched higher by 158.97 points or 0.41 per cent to close at...

January 12, 2021 No Responses

Renewed Investors’ Interest Lift Market Capitalisation To N20.99trillion

Transactions on Nigerian Stock Exchange (NSE) resumed on Monday on a positive note following investors’ interest in medium and large capitalized stocks. Specifically, the All-Share Index increased by 30.56 points or 0.08 ...

October 1, 2020 No Responses

Customs Boss Tasks NDA Cadets On National Interest

The Comptroller General of Nigeria Customs Service, Col. Hamid Ali (Rtd) on Wednesday, charged cadets of Nigerian Defence Academy (NDA) to place national interest above all other considerations. Ali gave the charge in Kaduna during the Beating of the Ret...

August 4, 2020 No Responses

Sterling Bank reports 10% growth in half-year net interest income

Sterling Bank Plc, a full service national commercial bank has reported a net interest income of N33.5 billion during the half-year ended June 30, 2020, as against N30.4 billion during the corresponding period of 2019, representing a growth of 10.1...

July 15, 2020 No Responses

CBN Unveils Non-Interest Guidelines For AGSMEIS, MSMEDF, Others

The Central Bank of Nigeria (CBN) has unveiled guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS) and Micro, Small and Medium Enterprises Development Fund (MSMEDF). In ...

October 30, 2019 No Responses

Sterling Retail Loans Up 200%, Grows Net Interest Income By 19%

Sterling Bank Plc, a full-service national commercial bank, has reported a net interest income growth of N47.53 billion for the third quarter ended September 30, 2019 as against N39.834 billion for the corresponding period of 2018, representing a growth of...

March 27, 2019 No Responses

CBN Pegs Interest Rate At 13.5 Per Cent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has for the first time in two years adjusted interest rate downwards to 13.5 per cent. Briefing Journalists after the meeting on Tuesday, CBN Governor, Godwin Emefiele said:...