Breaking News in Nigeria Today Monday 24th February 2025
Here are some of the Breaking News in Nigeria Today Monday 24th February 2025 on some of the nation newspapers .
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target=_blank>Four Banks Fined $132m For Sharing UK Bond Market Information
ShareBritain’s competition regulator has fined Citi, HSBC, Morgan Stanley and Royal Bank of Canada a combined 104.5 million pounds ($132.4 million) for exchanging sensitive information about UK government bonds, according to Reuters. The Competition and Markets Authority (CMA) said it had reached settlements with the banks over the sharing of information between 2009 and 2013….
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target=_blank>AfDB, Interpol Partner To Combat Financial Crime In Africa
ShareThe African Development Bank (AfDB) Group has taken a significant step forward in its fight against corruption and financial crime by signing a Letter of Intent with the International Criminal Police Organization (Interpol). According to a press release, the Bank Group is the first Multilateral Development Bank (MDB) to establish such a collaboration with Interpol….
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target=_blank>IMF: Global FDI Hit $41trn In 2023
ShareGlobal Foreign Direct Investment (FDC) grew again in 2023, after declining the previous year, with inward direct investment increasing by $1.75 trillion, or 4.4 per cent, to hit a record $41 trillion, according to the International Monetary Fund’s (IMF) latest Coordinated Direct Investment Survey. The survey, which provides detailed information on direct investment positions between…
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target=_blank>First Trustees Hosts Annual Islamic Estate Planning Clinic
ShareFirst Trustees Limited, a subsidiary of First HoldCo Plc., and a leading provider of trust solutions for individuals, corporations, and government institutions, has partnered with The Metropolitan Law Firm to host the seventh annual Islamic Estate Planning Clinic. According to a press release, the event was aimed at educating attendees on the importance of estate…
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target=_blank>Analysts: MPR Hikes Unlikely This Year
ShareAs reactions continue to trail the decision by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to hold all policy parameters unchanged at its meeting, last Thursday, analysts at Comercio Partners have said that they are not expecting any hike in the benchmark interest rate-the Monetary Policy Rate (MPR) this year. Commenting on…
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target=_blank>RegConnect Version 2: Game-Changer In Capital Market Data Exchange
ShareIn a bold stride towards digital transformation, the Central Securities Clearing System (CSCS) Plc has announced the launch of RegConnect Version 2, a cutting-edge upgrade to its flagship web-based application. Slated to go live on February 28, 2025, this latest iteration is designed to redefine operational efficiency and elevate the user experience for Registrars in…
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target=_blank>Naira’s Surge To N1,494/USD Boosts Confidence In CBN’s Reforms
ShareThe naira continued its bullish momentum, firming up by 1.04 per cent against the U.S. dollar at the official market, closing at ₦1,494.03/USD on Thursday. This appreciation reflects a sustained wave of foreign exchange liquidity, fueled by the Central Bank of Nigeria’s (CBN) non-renewal of dollar swaps and increased participation of banks in forex sales…
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target=_blank>AccessCorp, First Bank Lead Banking Stocks Plunge As Bearish Sentiment Roils Market
ShareNigerian banking stocks faced a brutal sell-off this week, with heavy losses across the sector as bearish sentiment gripped the market. Though the benchmark All-Share Index and Market Capitalization of the Nigerian Exchange (NGX) appreciated by 0.41% and 0.29% to close the week at 108,497.40 and N67.614 trillion respectively, the NGX Banking Index declined sharply….
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target=_blank>Weekly Wrap-Up: Bears Tighten Grip, Erase Investors’ N44.3bn
ShareThe stock market extended its losing streak as bearish sentiment prevailed, shaving ₦44.3 billion off investors’ portfolios by the week ended, Friday February 21. The All-Share Index (ASI) dipped 0.07% to 108,497.40 points, mirroring the decline in market capitalization, which settled at ₦67.61 trillion. Sectoral performance was mixed. The Banking, Insurance, and Oil & Gas…
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target=_blank>MasterCard: Nigerian SMEs Embrace Digital Payments To Drive Growth
ShareSmall and medium enterprises (SMEs) in Nigeria are leveraging digital payments, innovation, and partnerships to expand their reach and strengthen business operations, according to the third edition of the Mastercard SME Confidence Index. With 99 per cent of SMEs in Nigeria now accepting digital payments, businesses are capitalising on cashless transactions to enhance efficiency, improve…
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