By Kayode Tokede The Central Bank of Nigeria has said Non-Performing Loans (NPL) ratio of banks jumped to 6.3per cent for the month of February 2020. The NPL ratio measures the rate of bank loans that are either going bad…
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has debunked recent claims that the Federal Government has adopted a flexible exchange rate for its transactions. The Governor clarified the issue while addressing the media after the…
The Central Bank of Nigeria’s Naira4Dollar scheme may have attracted about $40 million in foreign remittances in one week, according to a reliable source with knowledge of the scheme. According to Voice of Nigeria (VON) sources, the scheme had performed…
The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the price per bag of rice has reduced compared to the price it was sold last year during the COVID-19 lockdown in April 2020. He attributed the fall in…
Heritage Bank Plc has joined the rest of the globe to celebrate World Water Day 2021 with plans to assist a community in dire need of clean water by installing a borehole. The theme for this year’s WWD 2021 is…
By Kayode Tokede In the midst of confessed policy dilemma and other monetary considerations, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has retained the Monetary Policy Rate at 11.5 per cent. CBN Governor, Mr Godwin Emefiele, who…
By Kayode Tokede Ecobank Group has recorded a total assets of N10.4 trillion in the year ended from N8.6 trillion in the corresponding year of 2019, representing 20 percent increase. The pan-African bank reported a revenue of N641.8 billion for…
By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange ( I & E FX) window gained by 0.08 per cent to close at N409.80 against the Dollar on Tuesday. Naira also gained by 0.60per cent and 0.63 per…
By Kayode Tokede Currency in circulation dropped by 1.8 per cent to N2.78trillion in February from N2.83trillion reported by Central Bank of Nigeria (CBN) in January 2021 Our correspondent gathered that currency in circulation in its Year-to-Year performance gained 27…
By Kayode Tokede The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 11 International Money Transfer Operators (IMTOs) in the country’s foreign exchange market. In the list of released by the CBN on Monday, only 47 IMTOs…
