The Federal University of Technology (FUT), Minna, has awarded the President of the African Development Bank (AfDB), Dr Akinwumi Adesina, a honorary doctoral degree. The honour was conferred at the institution’s 38th Founders’ Day and 30th Convocation ceremony in Minna…
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has joined the Managing Directorof Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe and a host of dignitaries including two state governors to commission a 400 metric tons per day…
The Central Bank of Nigeria distributed N23.2 billion in loans to 28 recipients as part of the launch of its new “100 for 100” Production and Productivity Policy (PPP). This was disclosed by the Governor of the Central bank of…
The Nigerian All-Share Index posted a gain of 9.1% in the month of January, its best January return in about four years. Stocks have now posted positive returns in January for the third year running. Nigerian stocks have braced against…
Nigeria recorded forex turnover of $2.18 billion at the Investors and Exporters window, where forex is traded officially, in the month of January 2022, representing a 50.8% decline compared to $4.44 billion that exchanged hands in the previous month. This…
The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window, where forex is traded officially. Naira gained against the US dollar on Friday to its highest level during the week…
Ecobank Transnational Inc. (ETI) has reported a massive increase in its profit for the year 2021 to N143 billion, a 324% jump from N32.4 billion reported same period the previous year. The 2021 result translates recovery by the bank after…
The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria (CBN) to extend the implementation of the E-invoice and E-evaluator initiatives by 90 days to accommodate inputs of the stakeholders. The House of Representatives had already asked…
The Central Bank of Nigeria (CBN) has released operational guidelines on the Global Service Instructions (GSI), aimed at checking the spate of bad loans within the banking sector. According to a statement by Chibuzo Efobi, for the Director, Financial Policy…
FCMB Group reported a 6.5 per cent jump in post-tax profit for full year 2021 over its figure for the preceding year, according to the unaudited earnings report of the financial services group issued Wednesday. Its shares climbed 1.33 per…
