New Telegraph

  1. Home
  2. Money Line

Category: Money Line

CBN Pegs Capital Base For Banks At N500bn

CBN Pegs Capital Base For Banks At N500bn

The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at N500 billion. Confirming this in Abuja, yesterday, the Acting…

Nigeria Thrown Into Darkness As National Grid Collapses Again

Nigeria Thrown Into Darkness As National Grid Collapses Again

Nigeria was yesterday thrown into darkness following the collapse of the national grid. It was learnt that the area centrally managed from Osogbo, Osun State, suffered a collapse at about 4:30 pm. The development caused…

Interest Rate Hikes Boost Naira

Interest Rate Hikes Boost Naira

The naira continued to advance following another interest-rate increase by the Central Bank of Nigeria (CBN), reaching its strongest level against the dollar on Wednesday since being devalued in January, according to Bloomberg. The naira…

Report: African Union Targets Dec For Credit Ratings Agency Launch

Report: African Union Targets Dec For Credit Ratings Agency Launch

The African Union (AU) is aiming to launch proposed credit ratings agency on Dec. 31 with annual operational capital of $873,000, an official told an event in the Zambian capital Lusaka, according to a Reuters…

World Bank Publishes Secret Data For Emerging Market Finance

World Bank Publishes Secret Data For Emerging Market Finance

The World Bank Group, on Thursday, published a trove of proprietary data it says can help boost investment in emerging markets by providing investors with the tools they need to better assess risk. “The publication…

Report: Nigeria’s Debt-to-GDP Ratio Hit 41.5% In 2023

Report: Nigeria’s Debt-to-GDP Ratio Hit 41.5% In 2023

Nigeria’s debt-to-Gross Domestic Product (GDP) ratio stood at 41.5 per cent last year compared with 22.9 per cent in 2022 and was higher than the 40.0 per cent benchmark set by the Debt Management Office…

Naira Appreciates Further To N1,300.43/$1 On Official Market

Naira Appreciates Further To N1,300.43/$1 On Official Market

The naira continued its recovery against the dollar on the official market the Investors and Exporters’ (I&E) windowing Wednesday, closing at N1,300.43/$1, compared with N1,382.95/$1 on Tuesday, data published by FMDQ Group shows. Similarly, the…

The Alternative Bank, Tk Tech Africa Unveil $500m Digital Sukuk Initiative

The Alternative Bank, Tk Tech Africa Unveil $500m Digital Sukuk Initiative

The Alternative Bank and TK Tech Africa are set to transform the landscape of financial technology and non-interest banking in Nigeria through their innovative $500 million Digital Sukuk initiative. According to a press release, the…

Experts Outline Path To Africa’s Socioeconomic Devt With Innovative Education

Experts Outline Path To Africa’s Socioeconomic Devt With Innovative Education

With innovation in higher education in discourse, over 300 experts from across Africa have expressed the conviction that Nigeria has the potential to spearhead an educational transformation that would position the continent to become the…

AFC Raises $1.16bn Syndicated Loan For Infrastructure

AFC Raises $1.16bn Syndicated Loan For Infrastructure

The Africa Finance Corporation (AFC) has raised a $1.16 billion syndicated loan facility to be deployed among sustainable solutions that will seek to close Africa’s infrastructure gap. Initially launched at $1 billion, the three-year syndicated…