The exchange rate between naira and US dollar at the black market depreciated on Tuesday by 0.26 per cent to trade at an average of N760/$1, from N750/$1 recorded in the previous session In the same vein, the naira depreciated…
By Olumide David The Deputy Managing Director of First Bank, Mr. Gbenga Shobo has stepped down of the board with immediate effect. According to a tweet by Proshare, Shobo’s resignation followed CBN’s review of the term limits of Bank Managing…
Some traders in the FCT markets are reducing the prices of goods for customers paying with cash to enable them to make sales. The traders who spoke with journalists in Abuja on Monday in some markets in the FCT, complained…
The Lift Above Poverty Organisation (LAPO), a Non-Governmental Organisation (NGO), says it disbursed N70 billion credit facility to farmers and rural dwellers between 2007 and 2022. The Executive Director, LAPO, Dr Honestus Obadiora, said the loans were disbursed to 262,977…
Wema Bank has said it s committed to equipping women with the knowledge they need to succeed in their careers and businesses The bank said it was preparing to celebrate International Women’s Day 2023 by driving discussions on women’s economic…
The Central Bank of Nigeria has launched the USSD channel of the Central Bank Digital Currency tagged the eNaira on Bullnet platform to boost the usage of the platform. It was launched in Lagos on last week during an event…
The Central Bank of Nigeria has reviewed the tenure of Executive Management and Non-Executive directors of Nigerian banks, a move it believes will strengthen their corporate governance structure. The apex bank said in the revised edition for banks corporate governance…
The Naira on Friday exchanged at N416.17 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.03 per cent compared with the N461.33 it exchanged on Thursday. The open indicative rate closed at N461.25…
The World Bank has approved $2 million to address environmental issues in Bauchi State under the Agro-Climatic Resilience in Semi-Aridlandscapes Project. Governor Bala Mohammed, revealed this recently at a opening ceremony of a four-day Stakeholders’ Engagement for Bauchi ACReSAL which…
Wema Bank, Nigeria’s most innovative bank, is preparing to celebrate International Women’s Day 2023. The bank aims to honour women and provide them with opportunities to achieve success in their personal and professional lives. The celebration will be held on…
