PwC Reveals N13tn Financing Gap for Nigerian MSMEs
Price Waterhouse Coopers (PwC) has revealed that Micro, Small, and Medium Enterprises (MSMEs) in Nigeria face a significant financing gap of N13 trillion ($32.2 billion)....
Category : Finance
While banks restrict cash withdrawals, POS agents are meeting the cash needs of Nigerians
Cash Scarcity in Nigerian Banks and the Rise of POS Operators Having waited in the banking hall for over an hour, the middle-aged man was...
Zenith Bank, Access Bank, and FBN Holdings among top beneficiaries in CBN FX allocation
CBN Conducts Retail Dutch Auction System to Stabilize FX Market To meet the growing demand and stabilize the foreign exchange (FX) market, the Central Bank...
Banks provided N73.12 trillion in loans to private businesses within a six-month period
Overview of Bank Credits Growth Banks’ credits to the private sector increased by N20.31 trillion to N73.12 trillion in the first half of 2024, deploying...
United Bank for Africa Named Most Visited Banking Website in Nigeria
UBA Leads with 2.36 Million Visits The United Bank for Africa (UBA) has been named the most visited banking website in Nigeria, receiving 2.36 million...
Cardoso stated that foreign investors are arriving to recapitalize banks
Foreign Investors Boost Nigerian Banking Sector Amid Recapitalization Efforts The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, revealed that foreign investors...
SMEs receive recognition and rewards from CandourCrest
CandourCrest Financial Services Limited has rewarded three small and medium-scale enterprises as part of its efforts to support startups. In a statement by the firm,...
The CAC has released directives regarding the recapitalization of banks
The Corporate Affairs Commission has released new rules to help Deposit Money Banks with the current recapitalization process. . The commission has officially announced a...