By Sodiq Adelakun Nigerian Naira has continue to appreciate against the US Dollar as the parallel segment of the foreign exchange (FX) market reacts to the $3 billion crude oil repayment loan secured by the Nigerian National Petroleum Company Limited…
The Board of Jaiz Bank Plc, Nigeria’s pioneer Non-Interest Bank has approved the appointment of Ahmed Alhaji Hassan as the Ag. Managing Director and Chief Executive Officer (MD/CEO) of the Bank. This development followed the exit of Dr. Salisu Sirajo,…
The Tertiary Education Trust Fund (TETFund) has said that the recent Central Bank of Nigeria (CBN) policy had created difficulties in the payment of foreign scholarship tuition fees and stipends. The Executive Secretary, TETFund, Mr Sonny Echono, made this known…
By Sodiq Adelakun Naira on Wednesday gained against dollar as demand in the parallel segment of the foreign exchange (FX) market drops further. FX dealers were as at 3pm still buying the green back at N880 while selling at N910,…
Two men, Mohammed Abdulrasheed, and a businessman, Fatai Olanrewaju, have emerged as the latest millionaires in the ongoing First City Monument Bank (FCMB) promo season 9. They each won the star prize of N1 million at the second draw of…
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…
