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…
By Kayode Tokede Zenith Bank Plc has posted a profit before tax (PBT) of N117.05 billion for six months as at June 30, against N114.12 billion achieved in the comparative period of 2020. This was stated in the company’s interim…
By Kayode Tokede The Naira at Investors & Exporters Foreign Exchange (I & EFX) window, on Thursday appreciated by 0.38per cent and 0.27 per cent against the pound sterling and dollar closing at N564.04, and N410.88 respectively. It depreciated marginally…
By Kayode Tokede About 500,000 farmers and vulnerable people in Nigeria’s North-East zone can now access farming friendly and demand-driven financial services. It is the result of First City Monument Bank’s (FCMB) partnership with Mercy Corps, a frontline international aid…
By Kayode Tokede Banks have warned that defaulters of the new foreign exchange policy may face criminal prosecution by the Central Bank of Nigeria (CBN). The banks in emails to their customers said that defaulters of the new foreign exchange…
By Kayode Tokede Naira at Investors & Exporters Foreign Exchange (I & E GX0 window on Wednesday depreciated by 0.08 per cent to close at N483.43 against the Dollar. The local currency also at the IEFX window closed down by…
