By Kayode Tokede The African Development Bank (AfDB), through its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund, has provided more than 7.3 million dollars for youth empowerment. According to a statement from the bank on Tuesday, the fund provides project…
By Kayode Tokede LivingTrust Mortgage Bank Plc has announced that it will offer 750 million ordinary shares to the public to address its free float deficiency in compliance with the rules of the Nigerian Exchange Limited. The free float means…
FirstBank of Nigeria Limited has announced its sponsorship of ‘A Deep Dive Into History,’ a theatre production from the Duke of Shomolu (DOS) Production House, spearheaded by Joseph Edgar. A deep dive into history comprises two exciting stage plays –…
By Kayode Tokede The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, on Tuesday affirmed the Commission’s willingness to partner with the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) in tackling financial crimes and…
By Kayode Tokede Naira at the parallel market on Monday closed flat at N520 against the Dollar but appreciated by 0.33 per cent against the euro to close at N604. The local currency also closed against the Pound sterling at…
By Kayode Tokede In acknowledging the value-add derived by corporate entities from its credible and efficient platform, FMDQ Securities Exchange Limited (FMDQ Exchange) has diligently continued to support the deepening of the Nigerian Debt Capital Market (DCM) through the offerings…
By Kayode Tokede Analysts at Agusto & Co. Limited, has disclosed that banking industry restricted cash reserves with Central Bank of Nigeria (CBN) exceeded N9.5 trillion in full year ended December 31, 2020. The Nigeria’s foremost research house and rating…
By Kayode Tokede The Central Bank of Nigeria (CBN) has threatened to sanction Microfinance Banks (MfBs) going beyond the mandate of their operating licence to engage in foreign exchange transactions. The regulator said some microfinance banks have engaged in wholesale…
By Kayode Tokede The Central Bank of Nigeria (CBN) has called on the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to support its five-year policy aimed at growing the economy. Ag. Director, Corporate Communications Department CBN, Mr…
By Kayode Tokede A group of analysts at Vetiva Capital have disclosed that the discontinuation of foreign currencies (FX) sales to bureau de change (BDCs) operators is expected to keep the exchange rate in the parallel market above N500. They…
