Category: #Finance
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AFREXIMBANK TOPS AFRICA’S LOAN MARKET WITH 23% SHARE IN 2025
Bank consolidates leadership, driving capital flows to fuel the continent’s growth. African Export-Import Bank has emerged as the No. 1 Mandated Lead Arranger and Bookrunner in Africa’s 2025 Bloomberg Africa Borrower Loans League Tables, commanding a 23.65% market share across 20 transactions. According to the bank, it also holds a 21.66% share as Bookrunner, completing…
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BAUCHI EYES $200M AGRO-INDUSTRIAL BOOST
Governor Bala Mohammed says the state is ready to tick every global box to unlock a massive agriculture investment. Bala Mohammed has reaffirmed Bauchi’s commitment to meeting all international standards required to secure a proposed $200 million agro-industrial investment backed by the Islamic Development Bank and other partners. Speaking while receiving the Special Agro-Industrial Processing…
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NAIA GOES CASHLESS: 10,000 USERS REGISTER “GO CASHLESS” CARDS
Nnamdi Azikiwe International Airport (NAIA) in Abuja is now fully cashless, and over 10,000 “Go Cashless” cards have been registered since the rollout began, says Airport Manager Ahmed Danjuma. The move caused some temporary gridlocks at toll gates on Monday and Tuesday as passengers adjusted to the new system. Danjuma explained that registration started back…
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NELFUND EXTENDS STUDENT LOAN PORTAL AFTER SURGE IN APPLICATIONS
More Nigerian students will now get a second chance to apply for federal loans as interest in the scheme spikes nationwide. The Nigerian Education Loan Fund (NELFUND) has approved an extension of its student loan application portal after recording a sharp rise in applications and enquiries. In a statement issued in Abuja, the Fund’s Director…
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SENATE DEMANDS CAC REGISTRAR-GENERAL BE SACKED FOR IGNORING SUMMONS
Lawmakers warn of budget freeze if Hussaini Magaji continues to snub the Senate Committee on Finance. The Senate has called on President Bola Tinubu to terminate the appointment of CAC Registrar-General Hussaini Magaji for repeatedly failing to appear before the Committee on Finance. The demand came during the Ministry of Finance budget defence session in…
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GERMANY, AUSTRIA HANG ONTO CASH AS EUROPE GOES DIGITAL
Survey shows German-speaking nations still prefer banknotes while much of Europe shifts to cards and mobile payments. A new BearingPoint survey reveals that 73% of Germans and 71% of Austrians regularly use cash, bucking Europe’s growing trend toward digital payments. By contrast, cash use is falling in countries like Sweden (25%), Denmark (32%), and Finland…
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JAMB TARGETS N23.8 TRILLION REVENUE, EXPANDS CBT CENTRES NATIONWIDE
As UTME preparations intensify, JAMB sets ambitious revenue goals while expanding exam centres and responding to concerns over student affordability. The Joint Admissions and Matriculation Board (JAMB) says it is targeting N23.8 billion in Internally Generated Revenue (IGR) for the 2026 fiscal year, reflecting its growing financial strength and operational expansion. A Director in the…
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NIGERIA TARGETS MASSIVE N40.7 TRILLION REVENUE AS TAX REFORMS TAKE HOLD
After surpassing last year’s target, Nigeria’s revenue agency is aiming even higher with sweeping tax reforms designed to boost government earnings. The Executive Chairman of the National Revenue Service (NRS), Zach Adedeji, says the agency is targeting a massive N40.7 trillion in taxes and royalties in 2026, driven by major reforms expanding its revenue collection…
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CBN CUTS MONETARY POLICY RATE TO 26.5% TO BOOST ECONOMY
Nigeria’s central bank trims key interest rate by 50 basis points, signaling a push to support growth while keeping liquidity stable. The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) from 27% to 26.5%, CBN Governor Yemi Cardoso announced after the 304th Monetary Policy Committee (MPC) meeting in Abuja. The committee…
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DIGITAL PAYMENTS LIGHT UP NIGERIA’S NIGHTLIFE
Moniepoint study reveals cash is fading as bars, clubs embrace digital transactions. A recent study by Nigerian fintech Moniepoint shows digital payments are now driving Nigeria’s nightlife economy, with bank transfers and card payments topping transactions at bars, clubs, and informal community venues. Cash is on the decline, largely due to security concerns. The report,…
