Naira at Investors & Exporters Foreign Exchange (I & E FX) window on Wednesday appreciated by 0.16 per cent to close at N414.07 against the dollar. The local currency, however, depreciated by 0.12 per cent and 0.07 per cent to…
By Olaleye Aanuoluwapo, Ibadan The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has reiterated the corporation’s committed to protecting customers’ deposits amid the infiltration of financial payment platforms in the nation’s financial institutions. Speaking in his…
By Kayode Tokede A total of seven banks have reported 12per cent drop on interest income generated from Treasury bills (T-Bills) and government bonds in the first half (H1) of 2021. The banks are Zenith Bank Plc, Fidelity Bank Plc,…
By Kayode Tokede The African Export-Import Bank (Afreximbank), has expressed readiness to assist Nigeria in benefiting from over $40 billion trade and investment deals earmarked from the 2021 Intra-African Trade Fair (IATF). The 2nd edition of the IATF is scheduled…
By Kayode Tokede Sterling Bank Plc has blazed the trail as the first African corporate organization to power its headquarters with the Building Integrated Photovoltaic (BIPV) energy technology as its primary source of energy. Group Head, Energy, Sterling Bank, Dele…
By Kayode Tokede Naira at Investors & Exporters Foreign Exchange (I& E) window on Monday appreciated by 0.08 per cent to close at N414.73 against the dollar. The local currency, however, depreciated by 0.02per cent and 0.36per cent against the…
By Kayode Tokede The Central Bank of Nigeria (CBN) has stated that the eNaira is expected to boost diaspora remittance inflow to the country. The apex bank in a document titled, “Design paper for the eNaira”, said the eNaira is…
By Kayode Tokede Heritage Bank Plc has emerged winner in several categories at the 2021 Human Resource (HR) People Magazine Awards and at the Finance Correspondents Association of Nigeria’s (FICAN) 30th-Anniversary Conference and Awards. The bank carted away five coveted…
By Kayode Tokede The Central Bank of Nigeria (CBN) has said the country’s foreign exchange reserves appreciated to $39.62billion as at October 14, 2021. The recent increase in the reserve position, which has continued since 25th of August, is in…
By Kayode Tokede United Capital Plc records 72 per cent profit growth to N7.09 billion at the end of the third quarter of 2021 financial year from N4.12 billion in the comparable period in 2020. Summary of the scorecard shows…
