By Kayode Tokede A report by the National Pension Commission showed that total assets under the Contributory Pension Scheme (CPS) rose by N184.68billion to N3.25trillion in the third quarter of 2020. According to its third quarter report, the public sector…
By Kayode Tokede The Central Bank of Nigeria (CBN) has said currency in circulation hit all-time high at N2.91 trillion in December 2020. The reported data by CBN in December is however, 29.3 per cent and 9.4 per cent Year-on-Year…
By Kayode Tokede Polaris Bank is sparking up positive outlook for the new year as it plans to reveal the first set of winners of its ongoing nationwide savings promotional campaign, ‘Save & Win’ in February. A handsome N26million is…
By Kayode Tokede First of Bank of Nigeria Limited has launched the Virtual Payment card, a Naira denominated debit card and digital representation of the plastic debit card. The card is designed to be linked to either a customer’s operative…
By Kayode Tokede Wema Bank Plc ranked top in two recent independent surveys on the Banking industry. In its 2020 Digital Channel scorecard, KPMG Nigeria named the bank as a leader in Payments and Transactions for digital banking. Also, in…
Nigeria and other African oil producing countries will lose an estimated N1trillion in oil export revenues over the next 20 years as prices are forecast to remain low, a new report by PricewaterhouseCoopers has said. PwC, in its Africa Oil…
Financial Economists on Thursday urged the Federal Government to give practical effect to the programmes in the 2021 budget for it to be realistic and sustainable. The economists spoke on the nation’s N13.588 trillion budget in Lagos. President Muhammadu Buhari…
Ecobank Nigeria has launched a radio programme – “Ecobank Business Hour” targeted at empowering small and medium enterprises (SMEs) in the country. Emeka Agada, Head, SME, Ecobank Nigeria, says the programme which is being syndicated across 10 radio stations in…
The Naira remained flat against the dollar, euro and pounds at the parallel market on Thursday to close at N470, N573 and N628 respectively. However at the Investors & Exporters Foreign Exchange (I & EFX) window, while the Naira inched…
By Kayode Tokede The naira weakened by 0.17 per cent to close at N394.50 against the dollar at the Investors & Exporters Foreign exchange Window (I & EFX) on Wednesday. Against other currencies, the naira closed up by 2.53 per…
