By Kayode Tokede The Central Bank of Nigeria (CBN) has said Federal Government spent N1.03trillion on servicing debt in the first quarter (Q1) of 2021 compared with N779.73 billion in the corresponding period of 2020. The apex bank in its…
By Kayode Tokede Sterling Bank Plc, Nigeria’s leading commercial bank, has said the Group Managing Director (GMD) of Saro Africa, Mr. Rasheed Sarumi, will deliver the keynote address at the Agriculture Summit Africa (ASA) 2021. Other notable stakeholders on the…
By Kayode Tokede Jaiz Bank Plc, Nigeria’s premier non-interest bank was yesterday announced the Most Improved Islamic Bank 2021 in the world by the Global Islamic Finance Awards (GIFA). Chairman of GIFA Professor Humayon Dar congratulated Jaiz Bank for the…
By Kayode Tokede AbokiFX, an Online foreign exchange rate website has said it will temporarily suspend rates on all its platforms, to find clarity on the situation. The CBN Governor, Godwin Emefiele at the just concluded Monetary Policy Committee (MPC)…
By Kayode Tokede The African Development Bank’s (AfDB) Sustainable Energy Fund for Africa (SEFA) has approved a $1million grant for the modernization of Africa’s aging hydropower fleet. According to an AfDB statement, modernizing hydropower stations provides a chance to boost…
By Kayode Tokede In furtherance of the need to expand diaspora remittance inflow into the country, First Bank of Nigeria Limited has increased its network of International Money Transfer Operators (IMTOs), targeted at easing the accessibility of its customers to…
The Federal Government has said that it will shut down the operations of Aboki FX, a website providing currency exchange information, which the bank described as an illegal and criminal platform. The Governor of the Central Bank of Nigeria, Godwin…
The Naira on Thursday dipped further at the parallel market in Lagos against the dollar. It lost N6 from N562 traded on Wednesday to exchange at N568 to the dollar, while the Pound Sterling and the Euro closed at N774…
Pension fund assets under management have continued its growth trajectory every month, soaring to N12.78 trillion as of July 31, 2021. The National Pension Commission (PenCom) in its recent data stated that the pension fund asset stood at N12.31 trillion…
The Group Managing Director/Chief Executive Officer of SCOA Nigeria Plc, Dr. Massad Boulos has commended Unity Bank Plc and other banks for facilitating a credit facility of N15.5 billion for the importation and supply of 33 MAN Platform Trucks and…
