Naira strengthens as CBN pumps fresh $457million into forex market
The Naira closed at N383 to a dollar at the parallel market as the Central Bank of Nigeria, CBN, on Monday injected 457.3 million...
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Wema Bank appoints Babatunde Kasali chairman as Adeyinka Asekun resigns
Wema Bank Plc. has announced the appointment of Babatunde Kasali, a non-executive director, as the new Chairman of the Board. This...
Naira appreciates against dollar
The Nigerian naira on Friday strengthened slightly at the parallel market. The local currency appreciated by one point against the...
Keystone Bank revamps branches nationwide
On the heels of the announcement of the successful sale of Keystone Bank Limited and the promise of the new investors to take active...
Naira strengthens against dollar
The naira on Thursday gained N2 against the dollar at the parallel market as it was traded at N386 to the dollar, stronger than the N388...
Nigerian government gives breakdown of N1.2trn released for capital projects in 2016
Federal Ministry of Finance has announced that N1.2 trillion was released for capital projects in 2016. This was contained in a statement...
Nigeria’s public finance broken, recurrent expenditure in excess of total revenue – Soludo
Former Governor of Central Bank of Nigeria, CBN, Professor Chukwuma Soludo, has expressed worry over the public finance system,...
NNPC, partners to boost domestic gas supply by 285%
In a bid to realize the Federal Government’s mandate to deploy the nation’s gas resources to stimulate economic growth, the Nigerian...
PenCom releases N54bn to FG retirees
National Pension Commission (PenCom) on Tuesday released the accrued benefits of retired workers of Ministries, Departments and...
Again, CBN intervenes, pumps $81.2m for BTA, PTA, others
Responding to the request for invisibles such as Basic Travel Allowances (BTA), Personal Travel Allowances (PTA), medical bills and...
Dangote dissociates company from “Happy World Meal Gate” ponzi scheme
The Dangote Group has raised alarm over a Ponzi scheme in circulation alleging partnership between the “Dangote brand, Nestle, PZ Cussons...
Naira regains strength against dollar
The Naira on Monday appreciated against the dollar at the parallel market. The Nigerian currency gained three points to exchange at N388...
CBN insists 40 items remain banned from forex – [FULL LIST]
Central Bank of Nigeria (CBN) has explained that the ban it placed on 41 items that are not eligible for foreign exchange is still in...
Publish forex allocations to banks – Experts dare CBN
Some financial experts have commended the CBN for suspending some banks from the foreign exchange market due to some infractions. They...
We will partner CNN to promote Nigeria’s tourism through Nollywood – Lai Mohammed
The Minister of Information and Culture, Lai Mohammed, has disclosed that the federal government and a global news leader, CNN, have...
CBN bans 17 banks from forex market
In response to persistent complaints that some Deposit Money Banks have deliberately frustrated efforts by many Small and Medium...
Nigerians too religious, we believe oil won’t dry up – NEITI consultant, Dauda Garuba
Dr. Dauda Garuba, a consultant to Nigeria Extractive Industries Transparency Initiative, NEITI, has warned Nigerians to stop being...
Wapic Insurance advises Nigerians on target savings, explains SMART Plan benefits
Wapic Insurance Plc has reiterated the need for Nigerians to engage in target savings. Target Savings, a savings account that helps...
Wema Bank introduces ALAT, says future of banking is branchless
Imagine the cost a Nigerian bank can save by not having a physical branch where hundreds of thousands are burnt in diesel monthly. We...
Nigeria should be world leader – Richard Quest laments corruption, leadership
Richard Quest, anchorman of Cable News Network (CNN’s) ‘Quest Means Business’ and ‘Business Traveller’, says Nigeria ought to be among...
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