Newsfront Online Newsfront Online

Six years after the initial agreement to a currency swap deal, China’s central bank, People’s Bank of China has renewed its bilateral currency swap agreement with the Central Bank of Nigeria to the tune of N3.28 trillion naira or 15 ...

Indigenous oil company Oando Plc, has said that with the support of the Nigerian National Petroleum Company Limited (NNPC) it expects a robust oil production will increase to over 100,000 barrels of oil per day and 1.3-1.4 billion cubic feet ...

The Securities and Exchange Commission (SEC) has urged banks to strengthen their corporate governance principles and risk management framework to enhance investors’ confidence in the ongoing recapitalisation exercise. The director-general of SEC, Dr. Emomotimi Agama stated this at the yearly ...

The  African Guarantee Fund (AGF) and Nigeria’s Bank of Industry (BOI) have signed a $50million Loan Portfolio Guarantee framework in a bid to provide financial and business support services to enterprises in the country. The agreement that was signed at the Africa Investment Forum ...

The value of the naira appreciated by nearly N100 and over five per cent in the course of the just ended week as speculators are wary of which way the value of the currency will go in the wake of ...

The National Pension Commission (PenCom) has announced the release of N44 billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024 budget appropriated for the payment of retirees from public service for the ...

The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirements, clarifying that its Early Exit Package (EEP) is entirely voluntary and without any negative consequences for eligible staff. CBN’s Acting Director of Corporate Communications, Mrs. Hakama Ali ...

In its bid to meet the financial need of higher and medium income earners as well as address the challenges of higher construction, the Federal  Mortgage Bank of Nigeria (FMBN) has increased its loan limit from N15 million to N50 million. The ...

The Presidency has given reasons why every Nigerian may need to acquire the soon-to-be-launched general multipurpose identity card of the National Identity Management Commission (NIMC). In a sensitisation video posted on X by President Bola Ahmed Tinubu Media Centre on ...

12 members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) have unanimously agreed to further raise the monetary interest rate to 27.50 per cent basis points from 27.25 per cent in a continued drive to ...