The nation’s foreign reserves droped by $111.56million to $34.61billion as at Friday, according to the Central Bank of Nigeria (CBN). The drop makes it the fourth consecutive week decline of the nation’s foreign exchange buffer. However, the naira depreciated by…
By: Ismail Sokunbi Housing is a basic necessity of every human being just as food and clothing. It is fundamental to the welfare and survival of man. According to some experts, housing is one of the best indicators of determining…
By Kayode Tokede The Chartered Institute of Bankers of Nigeria (CIBN) said that two of its certificates had been approved and included in Government Schemes of Service. These are the Associateship of the Chartered Institute of Bankers (ACIB) and the…
By Kayode Tokede With the COVID-19 pandemic, eight banks have reported 21.2 per cent dropped in Real Sector Support Facility (RSSF) to N143.68billion in 2020 from N182.26billion reported in 2019. RSSF represents the outstanding balance on the on-lending facility granted…
The Nigerian Content Development and Monitoring Board (NCDMB) has announced that the 2021 edition of the Nigerian Oil and Gas Opportunity Fair (NOGOF) will be held virtually on May 25 and 26, 2021. The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote revealed this…
By Kayode Tokede Cornerstone Insurance Plc reported 29 per cent increase in claims expenses to N3.96billion in 2020 from N3.07billion reported in 2019. The insurance company in the year under review also reported 34 per cent increase in gross premium…
The Group Managing Director Zenith Bank Plc, Ebenezer Onyeagwu has increased his shareholding right at the bank with a fresh purchase totalling 662,842 of the lender shares. Nigerian Exchange Limited (NGX) in a disclosure stated that the shares were purchased…
The Chairman, Ekiti Board for Technical and Vocational Education, Hon. Kayode Babade, says technical colleges across the state are being repositioned to boost vocational skills. Babade, who stated this in an interview in Ado-Ekiti on Sunday, said that government was…
The Vice Chancellor, National Open University of Nigeria (NOUN), Prof. Olufemi Peters, has urged new students of the university to be studious, have thirst for knowledge and the limits of ideas during their academic journey with the institution. Peters made…
Some financial conomists have expressed great concerns on the minor influence that the Nigeria-China currency swap had on the country’s economy, three years after. The experts said in Lagos on Friday that the volume of currency import so far traded, had…
