By Sodiq Adelakun In an event on Monday, the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso highlighted the critical role of an efficient judicial system in attracting Foreign Direct Investment (FDI) to the country. Speaking at the…
In a recent development, financial experts have lauded the Central Bank of Nigeria’s (CBN) initiative to begin a new round of recapitalisation for Deposit Money Banks. This commendation came during separate interviews conducted on Sunday in Ota, Ogun. The CBN…
By Sodiq Adelakun In a significant move to address the foreign exchange liquidity issues in Nigeria, the Central Bank of Nigeria (CBN) has completed tranche payments to 31 banks, aiming to clear the longstanding backlog of foreign exchange forward obligations.…
Nigeria Deposit Insurance Corporation (NDIC) has sensitised no fewer than 100 secondary school students in Yola about the significance of savings for a better tomorrow. The corporation’s Zonal Coordinator in Yola, Mr Victor Egba, said during the sensitisation on Thursday…
In a bid to demystify the world of government securities, the Debt Management Office (DMO) has made a clarion call to investors across the spectrum, emphasising that Federal Government (FGN) securities are not just for the financial elite but are…
Fifteen small and medium-sized businesses (SMBs) in Nigeria have been granted a total of N75 million by Google’s Hustle Academy. In addition to the financial support, these SMBs will also receive ongoing mentorship and assistance from Google’s initiative. Google announced…
By Sodiq Adelakun The Nigerian Naira experienced a decline in value in both the official and unofficial markets due to ongoing dollar shortages on Tuesday and Wednesday. On Wednesday, the Naira dropped to N1,150 per dollar, representing a 0.43 percent…
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has reaffirmed its dedication to ensuring the security of customers’ funds. In an interview with journalists in Lagos, the Chairman of the National Organizing Committee for AMMBAN’s seventh annual…
The Chartered Institute of Bankers of Nigeria (CIBN) has reached out to the Nigerian Exchange Group Plc for support and collaboration in amending the CIBN Act of 2007 and driving the development of the financial sector. During the closing gong…
By Sodiq Adelakun The Nigerian naira experienced a boost in the official market, gaining 5.26 percent against the dollar, which was quoted at N750.14 compared to N791.75 on Friday. This was attributed to a 12.02 percent increase in dollar supply…
