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By Kayode Tokede The nation’s external reserves have continued its downward trend dropping by $3.02billion from $38.53billion on January 2, 2020 to $35.51billion as of March...
By Kayode Tokede Fitch Ratings, has disclosed that Nigerian banks’ credit profiles face severe risks from the oil price slump and operating environment disruption due to...
The Bank of Industry (BoI) says it recorded a profit before tax of N39.33 billion for the financial year ended Dec. 31, 2019. The bank said...
The Central Bank of Nigeria (CBN) on Wednesday said that monetary contributions to its relief fund under the auspices of Private Sector Coalition Against COVID-19 (CACOVID)...
The International Monetary Fund (IMF) Executive Board has approved a framework for a new round of bilateral borrowing by the IMF from Jan. 1, 2021. According...
The dollar exchanged for N412 on Monday at the Bureau De Change segment of the market. This followed a temporary suspension of sale of forex...
The Central Bank of Nigeria (CBN) on Monday suspended clearing of cheques until further notice following the lockdown in Lagos, Ogun and FCT to contain the...
The Central Bank of Nigeria (CBN) said the apex bank and other financial institutions will open for business in spite the two weeks lockdown decared by...
Stanbic IBTC Holdings Plc, a member of Standard Bank Group,has assured its esteemed customers of a continued commitment to instituting proactive steps to safeguard against the...
By Kayode Tokede Fitch Ratings has dropped the ratings of (three of the Tier 1 banks in Nigeria) Zenith Bank Plc, Guaranty Trust Bank Plc, and...
