Money market

VAT: Why Ogun joined the fray —Abiodun

Ogun State governor, Dapo Abiodun, has shed light on why the state joined other states in the fray to collect the Value Added Tax (VAT). According to Abiodun, his administration decided to take advantage of the VAT controversy with the…

FirstBank unveils fully automated branch

First Bank of Nigeria Ltd. has unveiled its first fully automated branch, called FirstBank Digital Experience Centre for customers. The Chief Executive Officer of FirstBank, Dr Adesola Adeduntan, in a statement said the digital experience centre would afford customers the…

Foreign reserves appreciate by $636.61m WoW

The Central Bank of Nigeria (CBN) has said the country’s foreign reserves appreciated by $636.61million in its week-on-week (WoW) performance to close at $41.75billion. Analysts have said the accretion in the foreign exchange buffer continued week following the inflows from…