According to figures that were obtained from the Central Bank of Nigeria, (CBN) it has been revealed that the nation’s external reserves dropped by $317 million in February. Its latest data on the movement of external reserves indicated that the…
By Olumide David The Board of Zenith Bank Plc has announced the retirement of Dr. Adaora Umeoji as the Deputy Managing Director of the Bank. This was announced in a Corporate action that was filed with the Nigerian Exchange and…
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, the leading pan-African banking group, has announced that Jeremy Awori has officially assumed his role as Chief Executive Officer of the Ecobank Group. Jeremy Awori, commenting on his new…
By Olumide David The Central Bank Nigeria (CBN) will issue a total of N1.14 trillion treasury bills in the second quarter of 2023 as the same amount will be maturing between March and May, this year. Africa’s largest economy’s big…
The United Nations Economic Commission for Africa (UNECA), has adopted a system of payments to proceeds made from the African Continental Free Trade Area (AfCFTA). The Acting Executive Secretary of UNECA, Antonio Pedro said this on the sideline of the ongoing…
By Olumide David In early trading on Wednesday, Nigeria’s equities market saw its first decline in weeks while the local currency (Naira) appreciated against the US dollar by 1.32 per cent following announcement of Bola Ahmed Tinubu as Nigeria’s President…
Wema Bank has appointed Mabel Adeteye, a marketing communication, and digital strategy expert as the Head of its Brand and Marketing Communications department. Mabel is a trained corporate communications and public relations expert with over 15 years of experience covering…
The management of Guaranty Trust Bank has dismissed a report that it gave Bola Tinubu, presidential candidate of the All Progressives Congress (APC) N500m in naira new notes on the eve of the presidential and national assembly election. The bank…
By Olumide David The naira currency fell by 0.18 percent against the dollar as the foreign exchange recorded low liquidity. After trading on Monday, the naira/dollar exchange rate closed at N462/1$ as against N461.17/1$ closed on Friday at the Investors…
The Central Bank of Nigeria analysis showed that the total amount of currency-in-circulation in the country dropped from N3.29tn as of the end of October 2022 to N1.38tn as of the end of January 2023. Figures obtained from the CBN…
