The pressure on the naira in the parallel segment of the foreign exchange market cooled on Monday as the Central Bank of Nigeria (CBN) announced plans to boost dollar supply in coming weeks. Some dealers told journalists that the availability…
The Debt Management Office (DMO) says it received a total subscription of N312.56 billion in its August, Federal Gover nment of Nigeria (FGN) bond auction. The DMO made this known in a statement released through its official website on Tuesday.…
WEMA Bank says it will empower 10,000 young women by offering them support and training across a wide range of businesses and vocations The move, it noted, would be in collaboration with the Entrepreneurial Development Centre of Pan-Atlantic University and…
The Lagos State Branch of the Chartered Institute of Bankers of Nigeria (CIBN), has perfected plans to hold its 2023 Bankers Night on key policy issues affecting the nation’s economy. The Chairman, Lagos State CIBN, Mr Adeyemo Adeoye, said at…
The Central Bank of Nigeria says undocumented diaspora remittance is the reason for the continued fall in Naira in the foreign exchange market. The Acting Governor of the CBN, Folashodun Shonubi, disclosed this recently while delivering a lecture titled “Diaspora…
By Sodiq Adelakun The FX reserves, which give the central bank the firepower to defend the naira, have come under the spotlight, with some experts saying the exact value of foreign currency-denominated assets on reserve is far less than the…
In an announcement on August 10, 2023, in Lagos, Guinea Insurance Plc notified the investing public that it had achieved a remarkable feat. The Company had gained the unanimous approval of the industry regulators, including the National Insurance Commission (NAICOM),…
Nigerian households and small businesses looking to acquire solar panels, batteries, inverters, and other green energy equipment now have access to as much as N10 million to buy these assets through the First City Monument Bank (FCMB) Energy Finance Loan.…
In view of the rise in illegal sales of forex, the Central Bank of Nigeria (CBN) has threatened to punish erring commercial banks involved in the illegality. The Acting Governor of the Apex Bank, Folashodun Shonubi disclosed this during a…
A financial economist, Prof. Uche Uwaleke, has commended the Central Bank of Nigeria (CBN) for publishing the financial reports of the bank after seven years. Uwaleke, who is a professor of Capital Market at the Nasarawa State University Keffi, gave…
