The Federal High Court in Port Harcourt, Rivers State, has dismissed a lawsuit filed by First Bank of Nigeria against General Hydrocarbons Limited (GHL), an energy company owned by Nduka …
Radarr Africa
- AfricaBanking, Finance & Investment
Court Adjourns First Bank’s $225.8 Million Debt Case Against General Hydrocarbons Indefinitely
The Federal High Court in Lagos has indefinitely adjourned the case involving an alleged $225.8 million debt owed to First Bank of Nigeria Ltd and FBNQuest Trustees Ltd by General …
- EconomyFinance & ServicesINVESTMENTINVESTMENT
Nigeria’s Eurobond Market Faces Pressure Amidst U.S. Fed’s Steady Rates
The yields on Nigerian Eurobonds experienced an uptick last week as foreign investors adjusted their portfolios in response to the U.S. Federal Reserve’s decision to maintain its current interest rates. …
- Banking, Finance & InvestmentEconomyFinance & ServicesNigeriaWestern Africa
Nigerian Banks Borrow N9.2 Trillion from CBN to Sustain Operations
Nigerian Deposit Money Banks (DMBs) have borrowed over N9 trillion from the Central Bank of Nigeria (CBN) to maintain their operations amid a significant liquidity crunch in the financial system. …
Depot owners in Nigeria have expressed dissatisfaction with the Federal Government’s Naira-for-Crude oil arrangement, highlighting challenges in the current policy. The initiative, which began in October 2024, allows local refineries, …
- AfricaCrimeCyber securityDigital Economy
Nigeria Tops Interpol’s Arrests with 306 Cybercrime Suspects Across Africa
Nigeria has emerged as a leading force in the fight against cybercrime in Africa, with Interpol reporting the arrest of 306 suspects across the continent. This achievement is part of …
- AfricaFinance & ServicesFintechTechnology
Africa’s Digital Payments Projected to Reach $1.5 Trillion by 2030
A recent report has revealed that digital payments across Africa are expected to reach a staggering $1.5 trillion by the year 2030. This growth is largely driven by the increasing …
- EconomyInfrastructureNigeriaTransportation & LogisiticsWestern Africa
Rewane Advocates Road Concessions to Strengthen Naira and Reduce Inflation
Bismarck Rewane, the Managing Director of Financial Derivatives Company Limited, has emphasized that concessioning Nigeria’s major roads could play a crucial role in reducing inflation, enhancing productivity, and stabilizing the …
- Banking, Finance & InvestmentFintechNigeriaTechnologyWestern Africa
FirstBank Launches Fifth Digital Xperience Centre in Lekki
First Bank of Nigeria Limited has inaugurated its fifth fully automated branch, the FirstBank Digital Xperience Centre, located on Admiralty Way in Lekki, Lagos State. This initiative is part of …
- Banking, Finance & InvestmentFinance & ServicesGOVERNMENTNigeriaPoliticsWestern Africa
CBN Declines Approval of Ex-Commissioner Wale Bolorunduro as Director of Living Trust Mortgage Bank
The Central Bank of Nigeria (CBN) has declined the nomination of Dr. Adewale Bolorunduro, a former Commissioner for Finance in Osun State, as a Director of the state-owned Living Trust …