News
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HALF YEAR 2020 : UBA PROFIT AFTER TAX SLUMPS
The United Bank for Africa has caved in to the forces of covid 19 and economic headwinds as its profit…
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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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Buhari approves transfer of NIMC to Federal Ministry of Communications and Digital Economy
President Muhammadu Buhari has approved the Transfer of National Identity Management Commission (NIMC) to the Federal Ministry of Communications and…
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Nigeria has also taken steps that affected us, Ghanaian minister replies Lai
The government of Ghana has pledged to work with the federal government to address the allegations of ill-treatment of Nigerians…
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Foreign reserves rise by $70m in one week
The country’s foreign reserves rose by $70m from $35.59bn as of August 20 to $35.66bn on August 27, the latest…
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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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Akinwunmi Adesina Re-elected AfDB President
Dr. Akinwumi A. Adesina has been re-elected to serve a second five-year term as President of the African Development Bank…
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ICPC Nabs 25 Drivers’ License Fraudsters
Independent Corrupt Practices and Other Related Offences Commission (ICPC), in collaboration with the Department of State Services (DSS) and Federal…
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