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FX Reforms: Achieving Transparency, Liquidity Cautiously-Analysts
By NIYI JACOBS
Some financial experts in the country have agreed that the unification of the exchange rates would make for a more transparent forex...
Banking & Finance
Economy
Nigeria equity market Tumbles as Investors Engage in Offensive Selling
Nigerian stock market sees a large drop on Friday as equity investors continue to pull profits after initial telecom price appreciation induced rallies. This...
Technology
Emefiele unmoved amid N1.3trn banks’ NPLs still above 5% benchmark
Non performing loans (NPLs) in the Nigerian banking system stood at N1.3 trillion for the month of November, 2021, according to recent figures obtained...
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Latest
SMES Growth: Nestlé supports women retailers in Nigeria
Nestlé Nigeria has helped 332 women to scale up their businessesby 300% and to sustain the new level through the Nestlé Empowering Rural Women...
Nestlé Professional Empowers Food Vendors to foster economic growth
Nestlé Professional continued its project to foster economic growth among foodvendors in Nigeria at the Business of Food workshop in Ilorin.
Over 300participants including food...
Senate exonerates Finance Ministry of withholding funds from MDAs
The Nigerian Senate, on Friday, ruled out the allegation that the Federal Ministry of Finance was not releasing funds to Ministries, Departments and Agencies...
First bank unveils Digital Experience Centre in Lagos
First Bank of Nigeria Limited has launched the FirstBank Digital Experience Centre, a fully automated branch of the bank, to provide customers with an...
News
NCC Restates 97% readiness for 5G Deployment
The Nigerian Communications Commission’s (NCC’s) plan for Fifth Generation (5G) technology deployment in the country continues to gather momentum with the Commission confirming that...
CBN denies crashing forex to N1.25 against Dollar
The Central Bank of Nigeria (CBN) has denied claims that it would crash the exchange rate to N1.25/$1.
overlay-clevercloseLogoOn Wednesday, CBN disclosed this via its...
NASD Securities Exchange Rises to N961bn
As prices of unlisted companies’ stocks inched upward, the NASD Securities Exchange over-the-counter (OTC) rises to about N961 billion, according to trading data. Market...
Wema Bank Signs Davido as Brand Ambassador
Nigeria's leading digitally driven financial institution, Wema Bank today announced the signing of Davido as Brand Ambassador for its digital bank, ALAT By Wema....
How Banks Debit N89bn from Customers account in 9 months on Maintenance Charges
How Banks Debit N88.9bn from Customers on account maintenance in 9 months 2021Banks listed on the floor of the Nigerian Exchange scooped a sum...
Investments
NEM Insurance issued 10,032,955,535 ordinary share after completing Share Capital Reconstruction
NEM Insurance Plc has completed its share capital reconstruction, thus officially resume trading on the local bourse on Wednesday, Atlass Portfolios Limited informs clients...
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Fidelity Bank Completes 100% Acquisition Of Union Bank UK
By Tunmise Olaoye
Fidelity Bank Plc has announced the completion of the acquisition of a 100% stake in Union Bank Plc UK.
This was disclosed...
FX Crisis Deepens, BDCs Lament Dollar Scarcity
…Naira falls to N930/$ at parallel market
By NIYI JACOBS
The naira, on Wednesday, depreciated to N930 per dollar at the parallel section of the foreign...
CBN denies crashing forex to N1.25 against Dollar
The Central Bank of Nigeria (CBN) has denied claims that it would crash the exchange rate to N1.25/$1.
overlay-clevercloseLogoOn Wednesday, CBN disclosed this via its...