By Aanu Olaleye with News Agency An economist, Prof. Sheriffdeen Tella, on Tuesday urged commercial banks to legitimately sell Foreign Exchange (Forex) to customers to enable the exchange rate of the naira to the dollar appreciate. Tella, a Professor of…
The Debt Management Office (DMO) on Monday offered additional Federal Government bonds for subscription at N1,000 per unit, according to information published on its website. The DMO said that the offer was for the Federal Government of Nigeria Savings Bond…
By Aanu Olaleye, Abuja The Central Bank of Nigeria (CBN) has assured bank customers that it would monitor commercial banks to ensure legitimate Foreign Exchange (FX) demands of customers are met. The Acting Director, Corporate Communications, CBN, Mr Osita Nwanisobi,…
By Aanu Olaleye, Abuja The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan stressed the need for the media to ensure accurate and factual coverage of the banking industry especially in terms of reporting on…
By Aanu Olaleye, Abuja Nigeria’s private sector began the second half of the year on a positive footing as they continued the run of expansion that began in July 2020, according to Stanbic IBTC Bank Nigeria latest report. According to…
FBN Holdings Plc has posted a profit before tax (PBT) of N45.2 billion in its unaudited financial results for the half year (H1) ended June 30. The profit before tax rose by 9.2 per cent when compared with N41.4 billion…
By Kayode Tokede Nigeria’s foreign reserves fell by $2.27billion in seven months, from January 4 to July 29, as the figures continued to witness historic depletion. According to data sourced from the Central Bank of Nigeria (CBN), the gross reserves…
By Kayode Tokede Ecobank Nigeria has assured customers that the bank has put in place every arrangement for the implementation of the foreign exchange (fx) policy issued by Central Bank of Nigeria (CBN). The bank in an email to its…
By Kayode Tokede Unity Bank Plc has declared half-year (H1) result and accounts for period ended June 30, 2021 with profit before tax gaining 34 per cent to N1.50 billion from N1.12 billion recorded in half-year ended June 30, 2020.…
The Central Bank of Nigeria (CBN) on Thursday says it will start immediate refund of capital deposit to Bureaux de Change (BDC) promoters with pending applications. According to a circular signed by Ibrahim Tukur for the Director, Financial Policy and…
