Ecobank has said that it plans to close branches and cut jobs as it steps up investments in digital platforms, the bank…
Finance
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Visa, has said that it has opened its regional headquarters for the Western and Central Africa region in Abidjan, Cote D’Ivoire. Visa…
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BusinessEconomyFinanceNews
CBN bars FBN, Union Bank, GTbank, Keystone and others from SME forex market
Central Bank of Nigeria CBN, has barred 14 out of the 22 bank operating in the country from access to forex from…
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Indications are that this week the Central Bank of Nigeria (CBN) will commence another round of forex injections into the invisibles segment…
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Bank of Industry (BOI) has posted an operating Profit Before Tax of N17 billion in 2016 which represents a 44 per cent increase…
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Buoyed by the impact of its interventions and stability in the foreign exchange market, the Central Bank of Nigeria (CBN) offered the…
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Access Bank’s first quarter of 2017 results has shown a high performance with very strong financial indices. The bank’s profit before tax…
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A diverse group of leading stakeholders in the $7.6 trillion global healthcare sector are calling for a major overhaul of healthcare systems,…
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BusinessEconomyFinanceNews
Emefiele predicts end of recession by September, as reserves climbs to $31bn
Central Bank of Nigeria CBN Governor, Godwin Emefiele, has predicted that the current harsh economic conditions in the country will abate by…
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The total domestic debt of the 36 states of the federation as at December 2016 amounted to N2.958 trillion with Lagos state…
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Federal Government of Nigeria plans to borrow the sum of $5.926 billion from China and the World Bank Group. This fact is…
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The value of naira at the portfolio investors and exporters window of the foreign exchange market was quoted at N378.54 against the…
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BusinessFinanceNews
CBN sells $25m in investors/exporters window as dealers fail to subscribe fully to $150m offer
The Central Bank of Nigeria (CBN) has started interventions in the new Investors’ & Exporters’ FX Window with the sale of $25million…
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Board of Nigerian Breweries has recommended a total dividend of N28, 386, 181, 179 for approval at the forthcoming Annual General Meeting…
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Lagos State, has redeemed N57.5 billion local currency bonds it issued seven years ago, it said. Finance Commissioner Akinwunmi Ashade said the…
