By Kayode Tokede FITC, a professional services firm owned by the Bankers Committee, has said that the Nigerian financial services sector has come under intense pressure from Financial Technology (FinTech) firms. This was disclosed by its Managing Director, Chizor Malize,…
Naira at Investors & Exporters Foreign Exchange (I & E FX) window on Thursday dropped by 0.23 per cent to close at N411.06 against the Dollar. The local currency at the I& EFX window, gained by 0.38per cent and 0.47…
As part of its commitment to empowering its employees and driving productivity against all odds, First Bank of Nigeria Limited has announced the promotion of 1179 employees to new grades part of the year-end appraisal outcomes. The bank on Thursday…
By Kayode Tokede The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, said the bank aims at empowering the cultivation of 80, 000 hectares of cotton in 2021. According to the apex bank, this will be with an average…
By Kayode Tokede A group of analysts at Stanbic IBTC Bank, has expressed that Purchasing Manufacturing Index (PMI) at 54.4 basis points hit record high in nine –month in May, stressing that overall input price inflation was at series high…
By Bankole Taiwo, Abeokuta Nigeria Export Promotion Council (NEPC) has advised the federal government to diversify the Nigerian economy into non-oil resources that have renewable opportunities. The NEPC Executive Director, Olusegun Awolowo gave the advice at a workshop on the…
By Kayode Tokede Naira at the parallel market traded flat at N498 and N700 against the Dollar and Pound Sterling on Wednesday respectively. The local currency thus lost 0.17 per cent against the Euro to close at N598. Trading at…
The International Table Tennis Federation (ITTF) on Tuesday confirmed the qualification of Nigeria’s Quadri Aruna for the rescheduled 2020 Olympic Games in Tokyo, Japan. ITTF’s Competition Director, Gabor Felegyi, announced Aruna’s qualification in a letter addressed to the President of…
By Kayode Tokede The Nigeria Deposit Insurance Corporation (NDIC) has solicited the support of the Ministry of the Federal Capital Territory (FCT) in the realisation of landed properties of banks in-liquidation within the FCT to enable it pay depositors of…
By Kayode Tokede FMDQ Exchange has reported $98.91million total foreign exchange at Investors & Exporters window on Tuesday. This is against $125.44million total trade report by the FMDQ on Monday. However, Naira at the IEFX window, gained by 0.54per cent…
