Gov. Biodun Oyebanji has congratulated Mr Olusegun Alebiosu on his elevation as the Acting Managing Director/ CEO of First Bank Plc by the bank’s board. Alebiosu, who was until the appointment, the Executive Director, Chief Risk Officer and Executive Compliance…
Point-of-Sale (POS) transaction values witnessed a downturn in Nigeria for the first quarter of 2024, registering a N225.73 billion drop when compared to the corresponding quarter of the previous year. This significant decline marks a 7.94 percent fall in the…
Vice President Kashim Shettima has expressed optimism that the Naira would continue to appreciate against the dollar at the forex market. Spokesperson of the Vice-President, Mr Stanley Nkwocha, in a statement on Saturday, said Shettima stated this at a meeting with…
LCCI advocates discipline, export to sustain Naira appreciationThe Lagos Chamber of Commerce and Industry (LCCI) has emphasised the importance of maintaining discipline in the foreign exchange market to sustain the steady appreciation of the Naira. The President and Chairman of…
The foreign reserve has depleted to $32.29 billion, which is a six-year low in the Central Bank’s course to save the naira. This is the lowest level the reserves have been since September 25, 2017, when it was $32.28 billion.…
The Central Bank of Nigeria says it is committed to harnessing the power of digital technologies to enhance financial inclusion. CBN Governor, Mr Yemi Cardoso said this on Tuesday in Abuja, during a strategic institutions tour by participants of Senior…
The Minister of Budget and Economic Planning, Atiku Bagudu, has urged members of the National Institute for Policy and Strategic Studies (NIPSS), to devise creative solutions to Nigeria’s social and economic challenges. Bagudu received participants of the Senior Executive Course…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso will speak on foreign exchange (FX) market reforms at the ongoing International Monetary Fund (IMF) Spring Meetings on Wednesday in Washington D.C. The meetings of the Boards of Governors…
The National Pension Commission (PenCom) said it has recovered N12.45 billion from employers that failed to contribute towards their employees retirement. The recovery would indeed help in wealth creation for the workers, thereby securing them against old age poverty in…
The Minister of Finance and the Coordinating Minister of Economy, Wale Edun, has disclosed that the revenues of government-owned enterprises, ministries, departments and agencies increased to N835.70bn in February. This figure indicates a growth of N681.45bn or 441.78 per cent…
