By Idris Bakare Country Director of New Faces New Voices (NFNV), Nigeria, Aishatu Debola Aminu, said 35 per cent of women’s economic inclusiveness remains the ideal measure of success of the gender balancing advocacy but said the country must not…
The exchange rate between the Naira and the US dollar at the black market increased by 0.13 per cent to trade at N742/$1 on Thursday from N743/$1 recorded in the previous trading session. The Naira at the cryptocurrency peer-to-peer FX market…
By Idris Bakare Jaiz Bank, Nigeria’s premier Islamic bank has offered to finance equipment-upgrade projects of media organisations in the country. The new Managing Director (MD), Mr. Sirajo Salisu, told journalists in Abuja, that the bank was prepared to also…
By Idris Bakare The unorthodox foreign exchange policy of the Central Bank of Nigeria (CBN) has adversely impacted on the naira stability across all markets, and created huge premium between official and parallel market rates, the President of the Association…
By Olaleye Aanuoluwapo It has been said by the Bank Of America that The official rate has depreciated by less than 10 per cent since December 2021 even as the parallel rate is down by nearly a third within the…
By Idris Bakare Bank Directors Association of Nigeria (BDAN) has called for the review of necessary regulations to prevent the deposit money banks from paying insurance on deposits sterilised with the Central Bank of Nigeria (CBN). The Directors said banks…
The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu GwGwadabe has blamed the Central Bank of Nigeria (CBN) for the huge gap in the Naira/dollar exchange rate at the official and black markets. He said…
First Bank of Nigeria Limited has announced a variety of retail products to enhance the operations and sustenance of various businesses in the country. This is contained in a press release, signed by the company’s Group Head, marketing and Corporate…
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has invited foreign investors to consider Nigeria and other countries in Africa as their choice investment destination, noting that business confidence in the continent is on the rise. Emefieele…
By Idris Bakare Fidelity Bank plc has announced the redemption of the $400million Eurobond Notes due October 17, 2022. Recently, the bank successfully issued a US$400 million 5-year Eurobond. The transaction also included a Tender Offer for the refinancing of the…
