Bank & Finance

Aug 30, 2018
The Naira on Wednesday gained 30 kobo to exchange at N359 to the dollar at the parallel market in Lagos, against N359.30 on Tuesday.   The Pound Sterling and the…
Aug 30, 2018
Lagos State Governor, Mr. Akinwunmi Ambode (left), with British Prime Minister, Theresa May (right); British High Commissioner to Nigeria, Mr. Paul Arkwright (left behind) during the arrival of the British…
Aug 28, 2018
British High Commissioner to Nigeria, Mr. Paul Arkwright, on Monday revealed that the United Kingdom recently repatriated about £70 million loot to Nigeria.   Arkwright, who made this known to…
Aug 24, 2018
Following the two-day holiday declared by the Federal Government to celebrate this year’s Eid-El-Kabir, the stock market resumed on Thursday on a positive note as equities investors gained N198 billion.…
Aug 24, 2018
Agricultural, manufacturing and the sectors considered as growth and employment stimulating, can now borrow long term as much as N10 billion at consolidated nine per cent interest rate under new…
Aug 22, 2018
The Emerging Africa Infrastructure Fund (EAIF), today [DATE] announced financial close of its 11-year US$35 million loan to Indorama Eleme Fertilizer & Chemicals Ltd (IEFCL). The transaction is part of the…
Aug 21, 2018
The National Bureau of Statistics (NBS) says a total of 509,668,433 transactions valued at N32.90 trillion was recorded in Nigeria’s banking sector during the second quarter. The NBS stated this…
Aug 21, 2018
The dollar dipped Tuesday in Asia after Donald Trump hit out at the Federal Reserve’s interest rate rises and accused it of not backing his economic plan, while most equity…
Aug 19, 2018
The Central Bank of Nigeria (CBN), says the aggregate foreign exchange inflow into the country stood at $91 billion in 2017. The bank disclosed in its 2017 annual report adding…
Aug 18, 2018
The Naira gained 40k against the dollar at the end of Friday trading, exchanging at N359.6 stronger than N360 traded on Thursday.   The Pound Sterling and the Euro closed…
Aug 17, 2018
Cryptocurrencies are now one of the most talked about technological shifts of recent times, with new companies announcing regularly that they are either going to start accepting them for their…
Aug 14, 2018
The nation’s debt profile has risen to N22.38 trillion within the last six months, the Debt Management Office (DMO) has said. The current debt profile indicates 3.01 percent increase from…
Aug 13, 2018
At the end of last week’s trading, the NSE All-Share Index depreciated by 2.89 per cent, while the market capitalisation dipped by 2.86 per cent to close at 35,446.47 points…
Aug 13, 2018
The Central Bank of Nigeria (CBN) has granted N14.9 billion loan to the North East Commodity Association (NECAS), on the platform of its Anchor Borrowers’ Programme (ABP). Alhaji Sadiq Deware,…

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