By Kayode Tokede Access Bank Plc has released its audited half year ended June 30, 2021 results with 1.2 per cent increase in profit before tax to N97.5billion as against N74.31billion reported in prior half year result and accounts. The…
By Kayode Tokede Banks have been ordered by the Central Bank of Nigeria (CBN) to publish on their websites, the names and Bank Verification Numbers (BVN) of customers who participate in fraudulent and unscrupulous tactics to obtain foreign exchange from…
By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange ( I & E FX) window on Tuesday appreciated by 0.2 per cent to close at N411.08 against the dollar. The local currency also appreciated by 0.1 per cent…
By Kayode Tokede FBN Holdings and five other Tier-2 banks operating in the country generated a total of N57.9billion from their customers’ current account maintenance and Electronic-banking income in first half (H1) of 2021. These six financial institutions in prior…
By Kayode Tokede Naira at Investors & Exporters Foreign Exchange (I& E FX) window depreciated by 0.09 per cent to close at N411.63.against the dollar. The local currency at the I& EFX window closed down by 0.10per cent and 0.05per…
By Kayode Tokede Foreign exchange transactions at the Investors’ & Exporters window increased by 59.37 per cent last week, according to FMDQ Securities Exchange Limited. The Central Bank of Nigeria (CBN) had in April 2017 amid severe forex scarcity created…
By Kayode Tokede The Central Bank of Nigeria (CBN), has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical Partner for its digital currency, eNaira. Director, Corporate Communications, CBN, Mr Osita Nwanisobi made this known…
By Kayode Tokede Kaduna State Internal Revenue Service (KADIRS) sealed the head offices and other branches of four banks in Kaduna on Monday over N300.5 million unpaid taxes. KADIRS Executive Chairman, Dr Zaid Abubakar, identified the affected banks as FirstBank,…
By Kayode Tokede The nation’s foreign reserves increased to $33.57billion as at last Thursday following increased foreign exchange inflow from crude oil, among others. The naira depreciated by 0.1 per cent to N412.00 against the dollar and 0.8per cent to…
By Kayode Tokede Mr Ona Ohimor, a Financial Consultant, has described the growth in Nigeria’s Gross Domestic Product (GDP) in quarter two of 2021 (Q2, 2021), as a testament to the nation’s economic resilience and capacity in the face of…
