By Kayode Tokede The Central Bank of Nigeria (CBN) on Tuesday engaged stakeholders in the Cotton, Garment and Textile (CTG) industry on how to revamp the industry towards economic diversification and sustainable growth. The stakeholders, representing different associations within the…
Naira at Investors & Exporters Foreign Exchange (I & E FX) window traded flat at N412 against the Dollar Monday. Also, Naira lost by 0.32 per cent and 0.41per cent against the Pound Sterling and Euro closing at N584.35 and…
The Head, Agency Banking, Ecobank Nigeria, Olanike Kolawole has said there are many inherent rewards and benefits of being an agency banking partner, also known as Xpress Point agent of the bank. Kolawole, who was speaking on the bank’s ongoing…
The Central Bank of Nigeria (CBN) has issued a regulatory framework for a risk-free operation of non-bank merchant acquiring in the country. The guideline, released yesterday and signed by the Director, Payments System Management Department, Musa Jimoh, said the document…
By Kayode Tokede First Bank of Nigeria Limited has been ranked the second ‘most admired financial services brand’ in Africa – for the second straight year – at the 2021 Brand Africa 100: Africa’s Best Brands Even. Brand Africa is…
By Kayode Tokede The Central Bank of Nigeria (CBN) has said the foreign exchange dropped by $106.2million to $34.25billion as at May 27,2021 from $34.35billion reported May 20, 2021. The nation’s foreign exchange buffer in May has been on a…
By Kayode Tokede Moody’s Investors Service has completed a periodic review of the ratings of Bank of Industry (BoI) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held…
By Kayode Tokede Fitch Ratings has affirmed Wema Bank PLC’s Long-Term Issuer Default Rating (IDR) at ‘B-’ and removed it from Rating Watch Negative (RWN). According to Fitch, the outlook of the bank is stable. The report stated that, the…
By Kayode Tokede Naira at the parallel market on Thursday depreciated by 1.64 per cent to close at N495 against the Dollar. The Naira also depreciated by 0.51per cent and 0.58per cent against the Euro and Pound sterling to close…
By Kayode Tokede FMDQ Exchange has disclosed that total Foreign Exchange (FX) market turnover in April 2021 was $12.44billion or N5.11trillion, representing a Month-on-Month (MoM) increase of 0.73per cent or $0.09billion from $12.35billion turnover recorded in March 2021. The Fixed…
