By Aanu Olaleye, Abuja Naira at Investors & Exporters Foreign Exchange (I& E FX) window on Tuesday closed flat the dollar at N411.50 but inched up by 0.11 per cent against the Euro to close at N487.54. The local currency…
The Central Bank of Nigeria (CBN) on Tuesday released guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria. The circular issued by CBN’s Director, Payments System Management Department, Mr Musa Jimoh instructed deposit money banks,…
Agusto & Co, the rating agency and a leading provider of industry research and knowledge in Nigeria & sub-Saharan Africa, has assigned ‘A+’ rating with stable outlook to Coronation Merchant Bank (CMB) Limited. In a rating release , the agency…
Kwara government says that the contributions of the people of the state will form the bedrock of its fiscal proposals and budgeting. This was contained in a statement made available to the News Agency of Nigeria (NAN) in Ilorin on…
By Aanu Olaleye with News Agency An economist, Prof. Sheriffdeen Tella, on Tuesday urged commercial banks to legitimately sell Foreign Exchange (Forex) to customers to enable the exchange rate of the naira to the dollar appreciate. Tella, a Professor of…
The Debt Management Office (DMO) on Monday offered additional Federal Government bonds for subscription at N1,000 per unit, according to information published on its website. The DMO said that the offer was for the Federal Government of Nigeria Savings Bond…
By Aanu Olaleye, Abuja The Central Bank of Nigeria (CBN) has assured bank customers that it would monitor commercial banks to ensure legitimate Foreign Exchange (FX) demands of customers are met. The Acting Director, Corporate Communications, CBN, Mr Osita Nwanisobi,…
By Aanu Olaleye, Abuja The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan stressed the need for the media to ensure accurate and factual coverage of the banking industry especially in terms of reporting on…
By Aanu Olaleye, Abuja Nigeria’s private sector began the second half of the year on a positive footing as they continued the run of expansion that began in July 2020, according to Stanbic IBTC Bank Nigeria latest report. According to…
FBN Holdings Plc has posted a profit before tax (PBT) of N45.2 billion in its unaudited financial results for the half year (H1) ended June 30. The profit before tax rose by 9.2 per cent when compared with N41.4 billion…
