Finance & Economy
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BDC Market Implodes as the CBN Stops Sale of Dollars to the Parallel Market
Nigeria’s Bureau de Change (BDC) market went into a tailspin at the beginning of last week as traders buckled under…
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CBN to Refund Minimum Capital Deposits and Licensing Fees to BDC Promoters
The Central Bank of Nigeria (CBN) has released a circular stating that it will start an immediate refund of capital…
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Naira Depreciated by -2.40% WoW in the Parallel Market at an Average Exchange Rate of N512
For the week-ended July 30, 2021, In the parallel market, the Naira depreciated against the US Dollar by 2.40% ($/N12.00)…
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THE MEGA BUCK OF FIRS
“Little minds are tamed and subdued by misfortune; but great minds rise above them” says Washington Irving. Irving’s words no doubt, have…
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Inflation Remains a Major Driver of Poverty in Nigeria – Muda Yusuf
Nigeria’s high inflation rate of 17.75% and 21.83% (Food inflation), has been identified as a major driver of poverty in…
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GTBank completes restructuring exercise, reorganizes Board
Appoints Miriam Olusanya Managing Director of GTBank Guaranty Trust Bank has announced the successful completion of its re-organization into a…
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Onyeali-Ikpe’s Seven Point Agenda: Building A Future-Ready Fidelity Bank
John C. Maxwell, an American author and speaker, is a widely acknowledged thought leader. Maxwell asserts in one of his…
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FIRSTBANK HOLDS SMECONNECT WEBINAR
ENLIGHTENS ENTREPRENEURS ON ACCESSING FINANCE FOR THEIR BUSINESS Nigeria’s premier and leading financial inclusion services provider, First Bank of Nigeria…
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DMO Issues Update on the N2.343trn New Capital Raising in the 2021 Appropriation Act
On May 18, 2021, His Excellency, President Muhammadu Buhari, GCFR, submitted a request to the National Assembly (NASS) for a…
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