Interest rates rise as banks, naira dealers scramble for funds
INTEREST rates increased by about 50 basis points (bps) on Wednesday as banks and naira dealers scrambled for funds to...
Currency speculators gain N81.50 per dollar sold at black market
As a result of the spread between the black market and official market rates, currency speculators who may have obtained...
House committee on insurance harps on framework for empowering NDIC
The House of Representatives committee on insurance and actuarial matters has expressed its readiness to set up a framework for...
CIBN unveils new strategic initiative, solicits Ecobank’s collaboration
THE Chartered Institute of Bankers of Nigeria (CIBN) has unveiled a new strategic initiative with the acronym “ATEAM” being part...
Nigeria paid $642.43m foreign debt in Q1 2021 —DMO
THE Debt Management Office (DMO) has disclosed that Nigeria paid part of its multilateral ($81.05 million), bilateral ($61.38 million) and...
BDCs, banks to get more dollars as committee agrees on supply increase
THE Bankers’ Committee has agreed to support the Central Bank of Nigeria’s latest effort aimed at ensuring dollars are available...
Firm to establish 1,000 MW solar panel manufacturing business in Ondo
Solmont Technologies, an international group of energy professionals is set to establish a 1,000 MW per annum solar panel manufacturing...
CBN rolled out 37 intervention programmes to salvage economy ― Ag Director
Following what has been described as a market failure in the economy, the Central Bank of Nigeria (CBN) says it...
CBN increases forex allocation to banks
The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to...
UBA deepens retail products, services through digital channels across Africa
UNITED Bank for Africa (UBA) Plc has deepened its retail products and services with an aim of delivering services aimed...
Most Read
Subscribe to e-Paper
Frontpage Today
and then