Foreign exchange rate speculation has been noted to be fuelling depreciation of the local currency, Festus Adenikinju, a member of the monetary policy committee said in his personal statement released by the Central Bank of Nigeria (CBN). Naira has suffered…
The Central Bank of Nigeria (CBN) on Monday said it is developing a Tertiary Institutions’ Entrepreneurship Scheme (TIES) to re-orientate, train and finance entrepreneurship ideas by Nigerian graduates. The CBN Governor, Dr Godwin Emefiele, stated this in a goodwill message…
To support the long-term, inclusive growth of Nigeria’s private sector, International Finance Corporation (IFC) has announced the appointment of Kalim Shah as its Senior Country Manager for Nigeria. In his new role, Shah will lead IFC’s efforts to help strengthen…
By Kayode Tokede Fidelity Bank Plc. has unveiled a seven-point agenda aimed at making it Tier-One in Nigeria and outlive competition. The agenda unveiled by the bank’s Chief Executive Officer/ Managing Director, Mrs Nneka Onyeali-Ikpe, said the agenda focused on…
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.…
