By Kayode Tokede The Group Managing Director of Guarantee Trust Bank (GTB), Mr. Segun Agbaje has said foreign exchange for Personal Travel Allowance (PTA), Basic Travel Allowance (BTA), among others, would now be sold online. Agbaje said this at a…
By Kayode Tokede Naira at Investors & Exporters Foreign Exchange (I& EFX) window closed up by 0.02 per cent against the Dollar to close at N411.40 on Wednesday. The local currency lost by 0.14per cent and 0.23per cent against the…
By Kayode Tokede The World Bank listed Nigeria among the top 10 countries with high debt risk exposure. This was revealed in the financial statement for International Development Association (IDA), which was among the World Bank FY21 audited financial statements.…
By Kayode Tokede The total remittance of the Value Added Tax (VAT) from the financial services sector to the Federal Government in the second quarter of 2021 increased by 134.94 per cent, standing at N7.712 billion. Data on the Sectoral…
By Kayode Tokede The Naira traded flat at N510.00 at parallel market and also at N411.50 against the dDollar at the Investors & Exporters Foreign Exchange window on Tuesday. However, the overnight lending rate contracted by 25basis points to 13.5per…
By Kayode Tokede The Central Bank of Nigeria (CBN) on Tuesday released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in Nigeria. The guidelines are contained in a circular by CBN’s Director, Financial Policy and Regulation Department, Ibrahim Tukur,…
By Kayode Tokede Analysts at FBNQuest Research disclosed on Tuesday that it foresees further increase in nation’s foreign reserves in short term over steady increase in global oil prices, Eurobond issuance and the International Monetary Fund (IMF)’s allocation of SDRs…
By Kayode Tokede For improved business processes and consistent delivery of quality products and services to customers, the Standards Organisation of Nigeria (SON) has validated First City Monument Bank’s (FCMB) ISO 9001: 2015 certification for Quality Management Systems (QMS). FCMB…
By Kayode Tokede Naira at Investors & Exporters Foreign Exchange window ( I & E FX) market on Monday depreciated by 0.06 per cent to close at N411.50 against the Dollar. Also at the I & E FX window, the…
By Kayode Tokede Ensuring that small businesses continue to create jobs and serve as the bedrock of the economy has encouraged Wema Bank Plc to launch an SME Business School. The school has been seen as an avenue for Wema…
