…discontinuation to mount pressure on exchange rate – Analysts at Cordros Research By Ogaga Ariemu & Olaleye Aanuoluwapo, Abuja Members of Bureau De Change (BDCs) operators and importers have expressed shock over the ban of forex sales to BDCs by…
By Kayode Tokede The exchange rate between Naira and the Dollar depreciated by 0.04 per cent to close at N 411.67 on Tuesday at the Investors & Exporters Foreign Exchange (I & E FX) window. The local currency on Monday…
By Kayode Tokede The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the interest rate also called Monetary Policy Ratio (MPR) at 11.5 per cent for the sixth consecutive time. The CBN Governor, Mr.…
By Kayode Tokede As part of efforts to continually enlighten the investing public about the available safe and transparent investment options, Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, recently organised a webinar themed ‘Investing in Uncertain…
Naira at Investors & Exporters Foreign Exchange (I & E FX) window on Monday closed flat at N411.50 against the Dollar. On the flip side, Naira lost by 0.38 per cent and 0.52 per cent against the Euro and Pound…
The commitment of states and local government councils will enhance macroeconomic management in Nigeria, Mr Victor Muruako, Chairman, Fiscal Responsibility Commission (FRC), said in Abuja on Monday. Microeconomics is the branch of economics that deals with large-scale or general economic…
A Financial Expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN’s) Monetary Policy Committee to focus on policy decisions that would curb rising inflation and stabilise the Naira. Unegbu, a past president of the Chartered Institute of…
By Kayode Tokede The naira depreciated by 0.3 per cent to N411.50 against the Dollar at the Investors & Exporters Foreign Exchange window (I&E) but appreciated by 0.4per cent to N504.00 against the Dollar in the parallel market. At the…
By Kayode Tokede Guaranty Trust Bank (GTBank) Plc reiterated support for children and adults living with Autism with announced plans to hold this year’s conference in August. The 11th edition of the Guaranty Trust Annual Conference on Autism will hold…
By Kayode Tokede Union Bank of Nigeria Plc, Stanbic IBTC Holdings Plc, Sterling bank Plc have reported N81.8billion bad loans or Non-Performing Loans (NPL) in 2020. The NPL reported by these three Tier-2 banks dropped by nearly three per cent…
