The Nigerian naira has weakened to N577 per dollar at the parallel section of the foreign exchange market. This represents N5 or 0.9 percent depreciation compared to the N572 it traded last week. Street traders at the black market in…
The race to US$200billion in foreign exchange repatriation (RT200 FX Programme) needs the right policies and other mechanisms to achieve desired results, Dr Chinyere Almona, Director-General (LCCI) has said. Almona said this in a statement issued to newsmen on Monday…
The International Monetary Fund (IMF) has declared central bank digital currencies (CBDCs) like eNaira are a better bet than cryptocurrencies. In a new statement, IMF managing director, Kristalina Georgieva said countries were exploring CBDCs and that it would soon become…
Polaris Bank has announced plans to delight its existing and new customers this Valentine season with a series of mouthwatering rewards. The Bank announced this over the weekend through its Group Head, Strategic Brand Management, Mr. Nduneche Ezurike, while intimating…
The Debt Management Office (DMO) has faulted the projection of the International Monetary Fund (IMF) that Nigeria might spend over 92 per cent of its revenue on debt servicing in 2022. The IMF, which made the projection in its 2021…
The Central Bank of Nigeria has appointed New York-based Sustainability, Digital, Energy and Infrastructure Investor, Kemi Christina Abdul to serve on the board of directors of its infrastructure and industrial vehicle, InfraCorp. She announced this via her LinkedIn handle, while…
There are indications that shareholders of Wema Bank Plc, Nigeria’s most innovative bank are in line to receive bumper dividend payments for the year ended December 31, 2021. Our correspondent gathered from impeccable sources at the Nigeria Exchange Limited that…
The Central Bank of Nigeria (CBN) has announced that interest rates on its various intervention facilities had been extended till March 1, 2023. The CBN Governor, Mr Godwin Emefiele, disclosed this at a news conference following a meeting of the…
A Professor of Economics and Public Policy at the University of Uyo, Akwa Ibom State, Akpan Ekpo, has said a further increase in the Value Added Tax (VAT) rate is unnecessary, as it would add to the hardship of Nigerians.…
The Managing Director, Stellas Digital Bank, Mr Bukola Solomon, has enjoined the Federal Government to create an enabling environment for Fintech operators to compete favourably in the global space. Solomon said this at the launch of the bank’s new App,…
