Category : Search result: digital savings interest


Water Ministry Goes Paperless with 1GOV Digital System

The Federal Ministry of Water Resources and Sanitation has launched the 1GOV ECM system, ending paper-based operations. This digital shift promises improved service delivery and transparency for Nigerians. Read more about this transformative step.

Lady saves money in 9 piggy boxes for 2025

A Nigerian woman's impressive savings discipline went viral after she displayed cash saved in nine piggy boxes from January to December 2025. See the amazing results!

Fed's Williams Sees No Urgency for Further Rate Cuts

New York Fed President John Williams says recent US inflation data was distorted by a government shutdown and Black Friday sales, advising patience on further interest rate cuts. Get the full analysis.

Bank of England Cuts Interest Rate to 3.75%

The Bank of England has cut its key interest rate to 3.75% after UK inflation eased faster than expected. Governor Andrew Bailey confirmed the move, marking the sixth reduction since August 2024. Read more for the full analysis.

ECB holds rates steady at 2% as inflation cools

The European Central Bank keeps its key deposit rate at 2% for the fourth consecutive meeting. Analysts scrutinise Lagarde's comments for clues on future monetary policy amid uncertain inflation outlook. Read more.

NELFUND Loans: N154.4bn Reaches 788,947 Students

Nigerian Education Loan Fund has disbursed over N154 billion in interest-free loans to students. MD Akintunde Sawyerr urges more applicants and explains reasons for failed applications.

NELFUND Gives N154.4bn Loans to 788,947 Students

Nigerian Education Loan Fund disburses N154.4bn in interest-free loans to 788,947 students. CEO Akintunde Sawyerr reveals details and urges more applications from public institution students.

NDIC Details N2m Payout for Failed Mortgage Banks

The NDIC has initiated a payout of up to N2 million per depositor for customers of Aso Savings and Union Homes. Learn about the verification process and what happens to balances above the insured limit.

Asian Markets Drift, Oil Up on Venezuela Blockade

Asian equities showed mixed performance as US jobs data failed to boost rate cut expectations. Oil prices surged over 1% after Trump ordered a blockade of Venezuelan tankers. Get the latest market analysis.

CBN Withdraws Licenses of Two Mortgage Banks

The Central Bank of Nigeria has revoked the operating licenses of Aso Savings and Union Homes for regulatory breaches. Discover the full story and what it means for Nigeria's financial sector.

CBN Revokes Aso Savings, Union Homes Licences

The Central Bank of Nigeria has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc for failing to meet capital requirements. Learn the full details and implications for Nigeria's mortgage sector.

US Jobless Rate Climbs to 4.6%, Highest in Four Years

US unemployment rose to 4.6% in November, its highest level since 2021, as the economy lost 105,000 jobs in October. Read the full analysis of the cooling labour market and its global implications.

Asian Markets Retreat on US Jobs Data, Tech Worries

Asian markets extended losses Tuesday ahead of key US jobs data, with tech sector jitters and Fed rate cut uncertainty weighing on investor sentiment. Key indexes in Tokyo, Hong Kong, and Shanghai all fell over 1%. Read the full analysis.

Lady Narrates Escape From Popular Church

A Nigerian woman shares her harrowing story of joining a popular church that nearly destroyed her life. She details her escape and the encounter that saved her. Watch the video.

Divided US Fed Faces Contentious Rate Decision

The US Federal Reserve's final 2025 meeting is marked by internal conflict over a potential third interest rate cut, with a key data shortage complicating the decision. Read the full analysis.

Digital Violence Silences Women with Disabilities

Nigeria's Minister of Women Affairs warns digital violence is dangerously excluding women with disabilities. A new network for peace and security was launched in Abuja to address the threat.

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