By Kayode Tokede The Central Bank of Nigeria (CBN) has reacted to Senate’s allegation that it has failed to remit 80per cent of its operational surpluses into the Consolidated Revenue Fund (CRF) account in the last five years. In its…
By Kayode Tokede Analysts at Stanbic IBTC Bank have disclosed that Purchasing Manger Index (PMI) dropped to 52.2 in August from 55.4 in July. According to analysts at Stanbic IBTC Bank, “ The headline figure derived from the survey is…
By Kayode Tokede Naira at Investors & Exporters Foreign Exchange Window (I & E FX) on Wednesday depreciated by 0.10 per cent to close at N411.50. The local currency at the I & E FX window also closed down by …
By Kayode Tokede The National Insurance Commission has announced that from September 1st, all its operations will be done online including the processing of requests from insurance companies. The announcement was contained in a circular issued on in ABUJA on…
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…
