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CBN

CBN vows to monitor, control 2019 election spending
ECONOMY

Nigeria’s central bank to monitor banks’ foreign exchange sale to customers

August 3, 2021 Agency Report

Nigeria’s central bank to monitor banks’ foreign exchange sale to customers – The Central Bank of Nigeria’s (CBN‘s) has assured the public that it will monitor […]

Naira dollar rates3
ECONOMY

Nigerian Manufacturers says Single Forex Window will Eliminate Middlemen Excesses

August 3, 2021 Agency Report

Nigerian Manufacturers says Single Forex Window will Eliminate Middlemen Excesses – The Manufacturers Association of Nigeria (MAN) has expressed hope in the recent forex policy instituted […]

Wema Bank aims to pay out dividend first time in 10yrs
BANKING

WEMA Bank reports N4.3bn Profit before Tax in H1 2021

August 3, 2021 Cynthia Charles

WEMA Bank reports N4.3bn Profit before Tax in H1 2021 – WEMA Bank has announced a 149 percent growth in Profit Before Tax (PBT) to N4.3 […]

Nigerian banks
BANKING

Nigerian Banks Woo Customers with Forex, Sell Dollar at N412

August 3, 2021 Agency Report

Nigerian Banks Woo Customers with Forex, Sell Dollar at N412 – Deposit Money Banks (DMBs) are beginning to encourage customers to come to them for their […]

CBN identifies major economic sabotage in Nigeria
ECONOMY

Nigeria’s Central bank assures No Plan to Covert Forex in domiciliary Accounts

August 3, 2021 Cynthia Charles

Nigeria’s Central bank assures No Plan to Covert Forex in domiciliary Accounts – The Central Bank of Nigeria (CBN) says there are no plans to convert […]

Naira dollar rates3
ECONOMY

Nigerian banks announces they’re fully open for Forex needs of customers

August 2, 2021 Cynthia Charles

Nigerian banks announces they’re fully open for Forex needs of customers – Deposit money banks in the country have moved to implement the directive from the […]

FCMB activates business continuity plans assures prompt service delivery
BANKING

FCMB gets $50M from AFDB, increases lending to high impact businesses

July 31, 2021 Cynthia Charles

FCMB gets $50M from AFDB, increases lending to high impact businesses – Women empowered businesses and local enterprises involved in agribusiness, manufacturing, health care, and renewable […]

Nigerian banks
BANKING

Manufacturers Urges Banks Not to Hoard Forex after Nigeria’s central bank Directive

July 31, 2021 Agency Report

Manufacturers Urges Banks Not to Hoard Forex after Nigeria’s central bank Directive – The Manufacturers Association of Nigeria (MAN) has urged commercial banks to comply strictly […]

Zenith bank
BANKING

Court Adjourn Trial of Zenith Bank Over Alleged N6.4bn Illegal Charges

July 30, 2021 Cynthia Charles

Court Adjourn Trial of Zenith Bank Over Alleged N6.4bn Illegal Charges – Federal High Court has set a new date for the hearing of suit filed […]

Naira Redesign Policy Causes Banks' Deposits with CBN to Plummet by 95.82%
ECONOMY

Nigerian Naira Loses against USD at Parallel Market as CBN Stops dollar Sales to BDCs

July 30, 2021 Sam Gabriel

Nigerian Naira Loses against USD at Parallel Market as CBN Stops dollar Sales to BDCs – In the just concluded week, Naira depreciated against the greenback […]

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