Finance & Economy
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Access Bank posts Profit Before Tax of N74.31 billion in H1 2020 .
Access Bank Plc has declared a Profit Before Tax (PBT) of N 74.306 billion in its half year, 2020 result…
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FAAC Disburses N547.31bn in June 2020 – NBS
The Federation Account Allocation Committee (FAAC) disbursed the sum of N547.31bn to the three tiers of government in June 2020…
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NAIRA STRENGTHENS AGAINST DOLLAR
Speculators in Nigeria’s foreign exchange market are set to count huge losses as the Naira continues to surge against the…
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UBA HALF YEAR RESULTS : CEO DEFENDS PROFIT DROP
Commenting on the results, UBA’s Group Managing Director/Chief Executive Officer, Mr. Kennedy Uzoka said “Our 2020H1 results is yet another…
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CBN Sets Savings Deposit Rate At Minimum 10% Of MPR
The Central Bank of Nigeria (CBN), directed on Monday, that with effect from September 1, 2020, interest rates on Naira…
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CBN authorises Payment Service Banks to sell forex
The Central Bank of Nigeria (CBN) has authorised Payment Service Banks (PSBs) to sell foreign currencies (forex) realised from inbound…
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In panic, forex speculators prepare to dump dollars
Forex speculators are apprehensive that a slew of circulars issued by the central bank during the week could lead to…
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FAAC Payout Well Short of States’ Needs
FAAC Payout Well Short of States’ Needs The gross monthly payout by the Federation Account Allocation Committee (FAAC) to the…
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CBN Resumes Sales of FX to BDC Operators
As part of efforts to enhance accessibility to foreign exchange particularly to travelers following the announcement of the limited resumption…
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Nigeria generates N1.29 trillion from taxes in Q2 2020, surpasses target
The Federal Inland Revenue Service (FIRS), generated a sum of N1.29 trillion tax revenue in Q2 2020, N19.15 billion in…
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