The Naira has continued to depreciate at the official and parallel markets despite the increase in foreign exchange inflows into the economy in the second quarter of 2022. The latest quarterly statistical bulletin of the Central Bank of Nigeria (CBN)…
By Philemon Adedeji The Shareholders of Wemabod Limited have approved N63,200,000 million dividend payout translating to N24.29 per share. The approval was given at 48th Annual General Meeting (AGM), which took place in Lagos at the weekend. The outgoing Chairman…
First Bank of Nigeria has reiterated its support to mining sector development and growth as part of efforts to diversify the nation’s economy. First Bank’s Group Head, Corporate Banking, Energy (Upstream and midstream), Temitayo Osundosumu, said this during a panel…
The African Development Bank (AfDB), has signed an agreement with First City Monument Bank (FCMB) for a 50-million-dollar line of credit. This is contained in a statement issued by AfDB Group, Nigeria Country Department, Chukwuemeka Ezekiel on Friday. The line of…
Sterling Bank Nigeria Plc said it recorded 41.52 per cent growth in its profit after tax in nine months of 2022, in spite of economic challenges. The Group’s unaudited financial report showed it earned N13.41bn in the nine-month ended September…
The Lagos State Government has disclosed that it has paid compensation of Seventy Million Naira to security officers who died or got injured in the line of duty in the State since the inception of this administration in May 2019.…
Chief Executive Officer (CEO) of Sterling Bank Plc, Mr. Abubakar Suleiman has said the bank is ready and willing to invest more in Nigeria’s agricultural sector, having invested more than N100 billion representing about 15 per cent of the bank’s…
The Executive Governor of Lagos State, Governor Babajide Sanwo-olu has stated that indeed Africa need new and emerging frontier market for every global investor desirous of charting new territories. He made this statement at 7th General assembly of the African…
By Ridwan Adekunle The President of Nigeria’s leading capital market awards, PEARL Awards Nigeria, Mr. Tayo Orekoya (FCA), has described the performance of the capital market in the first three quarters of year 2022 as impressive. Orekoya said this during…
By Matthew Denis Abuja Emefiele said this on Wednesday in Abuja, at the 28th edition of the apex bank’s annual In-house Executive Seminar with the theme, ‘Digitalisation of Money and Monetary Policy in Nigeria.’ Godwin Emefiele, the Governor of the…
