By Kayode Tokede With growing credit to the real sector, the Central Bank of Nigeria (CBN) has disclosed that financial system total assets increased to N53.17trillion in April 2021. The Deputy Governor, Financial System Stability, CBN Aishah Ahmad, in her…
By Kayode Tokede Treasury Bills (TB) secondary market closed on a bearish note following a slow trading record in the fixed income market. Consequently, the average yield across all instruments increased by three basis points to 8.4per cent last week.…
The naira exchanged to the dollar at N504 at the parallel market on Friday, according to the Bureau de Change operators. It had earlier exchanged to the dollar at 500 in the previous week and at N490 a month earlier.…
Sterling Bank Plchas pledged support for the 20-year Lagos State Tourism Masterplan and Policy crafted to transform the State of Aquatic Splendour into one of the top five tourism destinations on the African continent. In a goodwill message at the…
Ecobank Nigeria has launched “Ellevate”, a gender-based proposition for women-owned businesses to reduce gender inequality in entrepreneurship and aid equal representation for women in the formal business sector. The Managing Director, Ecobank Nigeria, Patrick Akinwuntan said the Ellevate product introduced…
The Board of Directors of the African Development Bank has approved a loan of $50 million to Nigeria’s First City Monument Bank (FCMB) to channel to local enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and renewable energy sectors.…
Naira at the Investors & Exporters Foreign Exchange (I & E FX) window on Wednesday closes flat against the Dollar at N411.45. The local currency lost by 0.06 percent and 0.13percent against the Euro and Pound Sterling closing at N485.56…
First Bank of Nigeria Limited will hold its SMEConnect Webinar on Thursday with “The ABCs of Accessing Finance for your Business” being the topic to be discussed at the event. The event topic is designed to expose SMEs to various…
The African Development Bank (AfDB) Group has appointed Mr Lamin Barrow as the new Director General, Nigeria Country Office, effective from July 1, the AfDB announced in a statement on Wednesday. Barrow, a Gambian national, who joined the bank in…
By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange (I & E FX) window on Tuesday dropped by 0.08 percent to close at N411.45 against the Dollar. Also, at the I & E FX window, the Naira gained…
