The naira on Wednesday weakened against the dollar, losing 1.47 percent at the parallel market also, known as the black market. The local currency was quoted at N1,500 per dollar on Wednesday, a day after the Central Bank of Nigeria…
The Executive Director of Finance and Risk Management for United Bank for Africa, Ugochukwu Nwaghodoh, has said that the banking group would meet the new capital requirement before the March 2026 deadline given by the Central Bank of Nigeria. He…
The Debt Management Office (DMO) has, again, sought the support of primary dealer market makers (PDMM) to raise more financing for Nigeria’s domestic debt plan. The DMO has an outstanding N1.5 trillion to raise from the Federal Government’s proposed N6…
Jaiz Bank Plc grew its profit before tax by 67 percent to N11.1bn in 2023. The bank disclosed this in a statement on Monday as it filed its 2023 audited results on the Nigeria Exchange Limited portal. Jaiz Bank is…
In its avowed determination to enhance efficiency, productivity, and accountability in line with the policy thrust of the present administration, the Federal Ministry of Finance has organised a two-day sensitisation workshop on Performance Management System (PMS) for Directors and their…
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for Securities and Exchange Commission (SEC’s) guidance and collaboration in harmonising the peer-to-peer (P2P) forex sector in the country. In an official courtesy visit to the newly appointed…
The Association of Bureaux De Change Operators of Nigeria (ABCON) has reached out to the Securities and Exchange Commission (SEC) to propose a collaborative effort on harmonising the nation’s digital currency and peer-to-peer (P2P) forex sectors. Aminu Gwadabe, the ABCON…
Stanbic IBTC Holdings Plc is looking to raise N150 billion through a rights issue programme and N400 billion through a debt issuance programme, amounting to a total of N550 billion. These were part of the resolutions during the group’s Annual…
The Chief Executive Officer of the National Deposit Insurance Corporation, Bello Hassan, has urged bankers in the country to pay attention to cybersecurity. He stated this on Friday at the swearing-in ceremony of Professor Pius Olanrewaju as the 23rd president/chairman…
In April 2024, the headline inflation rate rose to 33.69 percent, up from 33.20 percent in March 2024, marking an increase of 0.49 percent points according to the Nigeria Bureau of Statistics (NBS). Comparing year-on-year data, the inflation rate in April 2024…
