The Central Bank of Nigeria (CBN) has said the nation’s foreign reserves dropped by $177.million or 0.51 per cent in March to $34.82billion from $34.99billion it opened in the month under review. In 2021, the foreign exchange buffer dropped by…
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has advocated the use of artificial intelligence to predict security threats and proffer solutions. Akinwuntan who made this assertion at a webinar themed, “Cyber threat Landscape: Financial services, 2021 and beyond,”organised by Information…
Naira at the Investors & Exporters Foreign Exchange (I & E FX) window on Thursday depreciated by 0.15 per cent to close N409.30. The local currency also lost by 0.60per cent and 0.62 per cent against the Pound Sterling and…
By Kayode Tokede In order to earn public confidence and respect within the financial services industry, professional auditors who are members of the Institute of Chartered Accountants of Nigeria (ICAN) must uphold the core values of “Accuracy and Integrity” which…
By Kayode Tokede GTBank Plc, Ecobank Plc, and Fidelity Bank Plc among others have notified their customers to get the newly revised cheque leaflets introduced by the Central Bank of Nigeria (CBN), as old leaflets became invalid for clearing from…
…Shareholders optimistic about future earnings prospects By Kayode Tokede Pan African financial institution, United Bank for Africa (UBA) Plc has assured its teeming shareholders and investors of even greater returns in the coming months, with the bank having established a…
By Kayode Tokede Determined to boost women empowerment for economic growth and development, First Bank of Nigeria Ltd., said that it disbursed loans worth N58 billion to over 81,000 female entrepreneurs and professionals in 2020. The Bank’s Chief Executive Officer,…
By Kayode Tokede Naira at the investors & Exporters Foreign Exchange ( I & EFX) window on Wednesday lost by 0.49 per cent to close at N562.90 against the Pound Sterling. It also lost by 0.29 per cent to N478.97…
By Kayode Tokede Zenith Bank Plc, United Bank for Africa (UBA) Plc, among others maintained Non-Performing Loan (NPL) ratio below five per cent, a prudential maximum threshold required by the Central Bank of Nigeria (CBN) for banks operating in the…
By Kayode Tokede Investors & Exporters traded a total foreign exchange of $78.77million in two days, according to the FMDQ Exchange. According to FMDQ, a $30.84million and $47.93million was traded on Monday and Tuesday respectively. However, the Naira gained by…
