AdminAug 23, 20161 min readNNPC hidden funds: Details of 9 banks banned forex transactions revealedCentral Bank of Nigeria, CBN, has barred nine commercial banks from all foreign exchange transactions and operations. The banks were...
AdminAug 23, 20162 min readEconomist says IMF ranking of Nigeria’s economy will dampen investors’ confidenceUwaleke, who is an Associate Professor and Head, Banking and Finance Department, Nasarawa State University, said this in an interview...
AdminAug 23, 20164 min readWema Bank goes national, to issue N20bn bondIt began last year when, after spending seven years as a regional bank, the Bank stepped up to compete at the national level, and it has...
AdminAug 20, 20162 min readCBN Governor, Emefiele emerges President of African Central BanksThis is contained in a communiqué issued in Abuja on Friday., adding that he would succeed Lucas Nchama, Governor of the Banque des �tats...
AdminAug 18, 20161 min readWe do not have funds belonging to NPA – First BankThe management of FirstBank has debunked the rumour making the round that it has in its possessions funds belonging to the Nigeria Port...
AdminAug 17, 20161 min readNaira continues fall against dollarAt the BDC segment of the market, the naira exchanged at N393, N504 and N437 to the dollar, Pound Sterling and the Euro respectively....
AdminAug 17, 20161 min readCBN reacts to Skye Bank liquidation rumorsA statement on Wednesday by the corporate communications department said “The CBN wishes to state, and emphatically so, that it has not...
AdminAug 16, 20163 min readGodwin Emefiele: Repositioning Nigeria’s apex bankA good natured man of character, there is so much to admire in his work ethic: the dedication with which he approaches his duties, the...
AdminAug 15, 20161 min readNaira crashed to N393 against 1 dollarThe currency lost N3 to exchange at N393, from N390 posted on Friday; while it traded at N505 and N435 against the Pound and the Euro...
AdminAug 14, 20162 min readAMCON assets hit N2trn as agency begins takeover of debtor companiesHe also said that the Corporation had the powers, through the enabling Act to trace any asset or assets belonging to debtors and seize...
AdminAug 13, 20161 min readNaira closes the week at N385 to 1 dollar, N505 to 1 poundThe Nigerian currency closed at N385 to the dollar from N390 it exchanged on Thursday; while it traded against the Pound Sterling and the...
AdminAug 10, 20161 min readNaira strengthens against dollarThe Nigerian currency on Wednesday afternoon gained 5 points to exchange at N390 to the dollar, from N395 it traded on Tuesday,...
AdminAug 9, 20161 min readBDCs not to sell forex above 2% margin of buying rate – CBNThis is contained in a statement in Lagos signed by W.D Gotring, the Acting Director, Trade and Exchange Department of CBN. The statement...
AdminAug 9, 20163 min readE-DINAR: How to trade on P2P currency exchange platformThe most important difference between this exchange is that users have all the necessary tools in their hands to place almost any world...
AdminAug 8, 20161 min readNaira on recovery path as banks begin dollar sale to BDC operatorsOwoh, a BDC operator, told the News Agency of Nigeria (NAN) in Lagos that its members had received signals from banks to fund their...
AdminAug 5, 20162 min readEconomy: Prices of rice, beans, maize soar at Lagos marketThis is reflected in the commodity index update, prepared by Novus Agro Nigeria Ltd, an agro-based firm, and made available to the News...
AdminAug 4, 20162 min readAirtel gains, MTN loses as NCC releases update on Internet usage in NigeriaThe commission made this known in its monthly Internet Subscriber Data, which was obtained by the News Agency of Nigeria (NAN) in Lagos....
AdminAug 4, 20162 min readInterswitch honours FirstBank for sustaining 100million monthly transactionsThe record transaction volumes represent the total transactions processed by FirstBank’s Front End Processor running on the Interswitch...
AdminAug 3, 20161 min readCash crunch: AMCON to lease seized assets to raise fundsAMCON may opt for the real-estate scheme by the end of the year if it’s unable to generate funds for the repayment of its bond payment,...
