By Sodiq Adelakun One dollar is currently trading at an average rate of N792.50 at the parallel market, also known as the black market. In some...
A member of the Monetary Policy Committee, Adeola Adenikinju, has highlighted the urgent need for Nigerian banks to reduce their operating costs in order to improve...
By Sodiq Adelakun The foreign exchange (FX) market opened on Wednesday with naira depreciating by 0.38 per cent against the dollar at the parallel market. The...
Sterling Financial Holdings Company Plc has notified the Nigerian Exchange Limited, shareholders, and the investing public of the appointment of new directors to its Board. The...
A fintech company operating in Nigeria and the United Kingdom, Kuda Bank, has launched a multichannel campaign to increase the awareness of cashless payment options in...
By Sodiq Adelakun Amid liquidity crunch in the banking sector, banks in Nigeria are increasingly relying on the Central Bank of Nigeria, CBN, for liquidity as...
The Bank of America has said the Monetary Policy Committee of the Central Bank may need to increase interest rates by at least 700 basis points...
The board of directors of the African Development Bank Group has approved $115m loan to support a major road rehabilitation project in Abia State. The project...
By Sodiq Adelakun The exchange rate between the dollar and naira closed at N741.5/$1 at the official investor and exporter window on Monday, July 3rd, 2023....
By Sodiq Adelakun Nigeria’s external reserves have declined by about $2.8 billion in the first half of 2023, reaching around $34.1 billion in June, due to...