…Showcasing Nigeria’s vibrant fashion industry Polaris Bank, Nigeria’s leading Digital Retail Bank, is partnering Eventful Limited to host the 2023 edition of The Fashion Souk scheduled to hold at Harbour Point facility on Victoria Island, Lagos from today Saturday, July…
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced various board appointments across the Group. The appointments are a reflection of the Group’s commitment to strengthening its leadership teams and driving continued growth and innovation in the…
By Sodiq Adelakun A member of the Monetary Policy Committee, Mike Obadan, said Nigeria’s tax credit schemes are unsustainable. This is according to his statement at the last Monetary Policy Committee meeting, which was released by the Central Bank of…
…Says action will boost capital market growth By Sodiq Adelakun The Institute of Chartered Accountants of Nigeria has said that the exchange rate unification will generally lead to short-term pains that will yield long-term gains. This is according to a…
The Central Bank of Nigeria (CBN) has urged Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in the country to be take counter security measures to tackle financial risks that may want to circumvent the system. The regulatory urged…
Leading provider of credit ratings, commentary and research for global capital markets, Fitch Ratings has predicted an increase in Ecobank Nigeria Limited’s National Ratings. The organization noted the increass in ratings will result from the Bank strengthening its creditworthiness relative…
By Philemon Adedeji The Nigerian Equity market saw an increase of N270.24 billion as trading activities closed with a positive sentiment from investors. The All-Share Index (ASI) attained an uptick of 496.31 basis points or 0.81 per cent to end…
By Sodiq Adelakun One dollar is currently trading at an average rate of N792.50 at the parallel market, also known as the black market. In some parts of Lagos like Festac, dollars are being quoted at N790 and N795 in…
A member of the Monetary Policy Committee, Adeola Adenikinju, has highlighted the urgent need for Nigerian banks to reduce their operating costs in order to improve their profitability. The Central Bank of Nigeria released this in his personal statement made…
By Sodiq Adelakun The foreign exchange (FX) market opened on Wednesday with naira depreciating by 0.38 per cent against the dollar at the parallel market. The dollar was trading at N778 on Wednesday morning, the same rate it closed at…
