Finance & Economy
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CBN raises benchmark MPR by 200 basis points to 24.75%
The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points from 22.75% to 24.75%.…
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CBN sells dollars to BDCs @N1,251/$1 as naira regains strength
The Central Bank of Nigeria has issued a circular to Bureau De Change operators (BDCs), informing them that it has…
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N30trn Ways and Means Probe: How Emefiele signed billions of naira in 13 places – Panel
“The Committee of Governors ought to be the signatory to the ways and means account, but in the document we…
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CBN clears remaining valid FX backlog as external reserves rise by $993 million
The Central Bank of Nigeria (CBN) has announced the complete clearance of the valid foreign exchange backlog. This significant achievement…
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Naira strengthens to N1400/$ on the parallel market as speculators sell
Parallel market operators are quoting a buy price of N1400/$1 for holders of dollars looking to sell marking a significant…
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Naira face U.S Fed test as Nigeria FX market show short term stability
A litmus test of the naira’s stability will be in play when the Federal Reserve makes it interest rate decision…
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WHEN THE BANKING SECTOR IS NOW DOMINATED BY THE FEMALE GENDER:
As Zenith Bank Appoints Adaora Umeoji As New GMD/CEO Zenith Bank has appointed Adaora Umeoji as its new group managing…
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Inside CBN’s N10 trillion intervention where N193 billion loans have been declared lost
The Central Bank of Nigeria’s Intervention Funds Programme, estimated at N10.3 trillion, has achieved a repayment rate of 75.8%. The…
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In matters of economics, Ikoyi trumps Fadeyi by far
BY TOPE FASUA I had meant to write an article to explain recent economic decisions that are surely on their…
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Access Holdings board of directors appoints Aigboje Aig-Imoukhuede as Chairman
Access Holdings Plc (‘the Holdco’), has announced the return of Mr. Aigboje Aig-Imoukhuede, CFR to the bank as its Non-Executive…
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