IBN Finance

Sola Sobowale Launches Elderly Care Home in Ibadan as Makinde, Nollywood Stars Honour Veteran Actress

Veteran Nollywood actress Sola Sobowale has launched a residential care facility for older adults in Ibadan, Oyo State, attracting Governor Seyi Makinde, prominent entertainment...

CBN Pushes Edo Government to Embrace Digital Fiscal Reporting, Tighten Accountability

The Central Bank of Nigeria (CBN) is strengthening efforts to improve public financial reporting and accountability across government institutions through a digitalisation initiative targeting...

Despite CBN Rate Cuts, Nigerian Banks Raise Prime Lending Rates in Eight Sectors, Businesses Face Fresh Credit Pressure

Nigerian banks have raised average prime lending rates across eight major sectors of the economy despite successive interest rate...

Fidelity Bank Denies Tompolo Takeover Claims, Clarifies Ownership and CEO Succession Process

Fidelity Bank Plc has dismissed reports suggesting that former Niger Delta militant leader, Government Ekpemupolo, popularly known as Tompolo,...

Oyedele admits average Nigerian income can no longer feed families as food costs consume 120% of earnings

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has acknowledged the severity of the country’s...

OPay Writes Off ₦170 Billion in Loans in Six Months as Credit Losses Surge

LAGOS, Nigeria — OPay Limited, the digital financial services company operating in Nigeria and other markets, has written off...

TINUBU ORDERS BANKS TO STOP PARKING MONEY WITH GOVERNMENT, DEMANDS MORE LOANS FOR BUSINESSES

PRESIDENT WARNS BIGGER BANK BALANCE SHEETS MEAN LITTLE IF MSMEs, MANUFACTURERS AND JOB CREATORS REMAIN STARVED OF AFFORDABLE CREDIT ABUJA...

INVESTIGATION: PRESS COUNCIL BUDGETS ₦3.2BN FOR STREETLIGHTS, GRINDING MACHINES, SCHOOL PROJECTS

FIJ Report Raises Questions Over Nigerian Press Council's Spending on Projects Outside Its Core Mandate A new investigation by the...