Bank & Finance

Feb 21, 2019
The banking sector report from the National Bureau of Statistics (NBS), released on Tuesday, has shown that banks lending to the economy declined by N455 billion from N15.58 trillion at…
Feb 20, 2019
The Central Bank of Nigeria (CBN) has injected another $210 million into the foreign exchange market in continuation of its intervention in the Inter-Bank Foreign Exchange Market.   According to…
Feb 19, 2019
The fourth quarter 2018 report just released by the Central Bank of Nigeria, CBN, has shown that currency in circulation as at the end of December, 2818 rose 20.9 percent…
Feb 18, 2019
The dollar fell versus a basket of its peers on Monday as rising expectations of a U.S.-Sino trade deal led investors to shift away from the safety of the greenback…
Feb 15, 2019
Feb 14, 2019
A Federal High Court sitting in Lagos, Southwest Nigeria has adjourned for further hearing of the N6,441,369,617.73 suit instituted against Zenith Bank Plc, by a Lagos businessman, Olusola Adejugbe and…
Feb 10, 2019
India’s central bank, on Thursday, unexpectedly lowered interest rates and, as anticipated, shifted its stance to “neutral” from “calibrated tightening” to boost a slowing economy after a sharp fall in…
Feb 09, 2019
The federal government of Nigeria on Friday signed investment agreements with three Development Finance Institutions – Afreximbank, Bank of Industry and the Nigeria Sovereign Investment Authority (NSIA) – for the…
Feb 07, 2019
The Central Bank of Nigeria, CBN, has said that the Federal Government recorded fiscal deficit of N910.41 billion in the fourth quarter of 2018.   The CBN stated this in…
Feb 06, 2019
The dollar held steady against its peers on Wednesday, showing little reaction to U.S. President Donald Trump’s State of the Union address which touched upon trade and budget issues but…
Feb 05, 2019
The Central Bank of Nigeria, CBN, on Monday said there is no truth in a report alleging that faceless agents, backed by regulators, were exploiting the nation’s multiple exchange rates.…
Feb 05, 2019
The Central Bank of Nigeria (CBN) on Monday denied involvement in foreign exchange manipulation as alleged in one of the national dailies.   The bank’s Director, Corporate Communications of the…
Jan 30, 2019
Banks and other financial institutions are to pay N2.5 million in fine for the use of unapproved e-payment solutions in the country.   This is contained in CBN’s regulation on…
Jan 29, 2019
The Federal Government has started paying part of the N1.3trillion accrued funds being owed the Niger Delta Development Commission (NDDC).   This was disclosed by the Acting Managing Director of…
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