Naira at the Investors & Exporters Foreign Exchange ( I & E FX) window on Tuesday strengthened by 0.13 per cent to close at N394 against the dollar. The local currency also closed up by 1.22 per cent and 0.97per…
By Kayode Tokede The Association of Capital Market Academics of Nigeria (ACMAN), on Tuesday said that rates retention by the Monetary Policy Committee (MPC) was in line with market expectations. The Central Bank of Nigeria’s (CBN) MPC at the end…
Remittance flows to sub-Saharan Africa have been projected to decline by 6.8per cent to $41 billion in 2021, from $44 billion achieved in 2020. This was disclosed in the Foresight Africa 2021 report, a publication of African Growth Initiatives of…
A financial expert, Mr Okechukwu Unegbu, has urged Nigerians in diaspora to make remittances to relatives in dollars and other foreign currencies to preserve Nigeria’s foreign reserves. Unegbu, a past president of Chattered Institute of Bankers of Nigeria (CIBN), gave…
Naira at the Investors & Exporters Foreign Exchange Market (I& E FX) on Monday dropped by 0.08 per cent to close at N394.50 against the dollar. The local currency also closed down by 2.74per cent and 2.89per cent against the…
By Kayode Tokede Shareholders of Niger Insurance Plc have approved that the company restructure its insurance business into general, life and business insurance, with each segment to be structured as a separate legal entity. This is part of the resolutions…
By Kayode Tokede Sentiments trading on The Nigerian Stock Exchange (NSE) turned negative as investors’ profit-taking activities dominated equities market performance throughout last week. Aside the mid-week session, the equities market posted marginal losses on the other trading days. This…
By Joshua Elekwachi, Abuja Ahead of the first Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting this year, analysts have expressed optimism that the committee would vote for rates retention. The MPC is expected to hold its first…
The Central Bank of Nigeria (CBN) has advised all Deposit Money Banks (DMBs) accredited Cheque Printers/Personalisers, and the Nigeria Interbank Settlement System (NIBSS), to enlighten their customers on the revised cheque book, introduced across all banks. Director, Banking Services Department,…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that the foreign reserves gained $1.13 billion in 13 days. Our correspondent gathered that the foreign exchange buffer between December 31,2020 to January 21, 2021 moved from $35.37billion to…
