Adeosun, Emefiele Join Economic Experts To Discuss Global Issues At IMF/Worldbank Meeting
Mrs Kemi Adeosun and Godwin Emefiele, the Minister of Finance and Governor of Central Bank of Nigeria (CBN) respectively are joining other economic experts from around the world to discuss issues affecting global economy…
Forex reserves hit 6 months import cover
With the country’s external reserves surging to $46.04billion at the end of the first quarter of this year, the Central Bank of Nigeria (CBN) now has the capacity to conveniently meet foreign exchange demand without worrying about…
Witness tells court how Emmanuel Nwude, defrauded a Brazilian bank
A witness, Mr Arifayo Falodun, yesterday informed an Ikeja Special Offences Court how Emmanuel Nwude, a con man convicted of defrauding a Brazilian bank of $242million forged legal documents of property forfeited in judgment.
CBN’S unconventional silence on interest rate
Views expressed and positions taken on any economic policy by Financial Derivatives Company’s Managing Director, Mr Bismark Rewana cannot be ignored. He has paid his due. Prior to the much-delayed first meeting in the year…
Forex transactions hit N15.32tr in 3 months
The total transactions value traded in the Foreign Exchange (Forex) market between January and March, 2018, settled at a whopping sum of N15.32 trillion, Investigations…
The Zenith spreadsheet…Peter Amangbo and Zenith Banks winning strategy
Zenith Bank has been just as enigmatic as its Chairman, Jim Ovia. Started in 1990 the bank evolved into the average eastern trader’s go-to bank. Transaction time was swift, rates steep but efficiency excellent.
We are partnering with global development banks for long term SMEs funding — Okpanachi, MD Devt Bank
Managing Director of Development Bank of Nigeria, DBN, Mr. Tony Okpanachi, has disclosed that the bank is partnering with development banks across the globe to make long term loans available for Small and Medium Scale Enterprises..
Experts say CBN’s 2018 single-digit inflation rate target not feasible
TWO financial experts on Monday said that the 2018 single-digit inflation target of the Central Bank of Nigeria (CBN) would not be feasible, due to the downside risks occasioned by electioneering spending…
Heritage Bank restates commitment to Nigeria’s creative industry
Heritage Bank Plc has restated its commitment to the development and growth of the Nigeria’s creative industry. The MD/ CEO, Mr. Ifie Sekibo, stated this in a statement issued by the Divisional Head, Corporate Communications…
Wema Bank: Making hay in cloudy weather
Wema Bank Plc, Nigeria’s last surviving indigenous bank, has said that in 2018 it would ride the economy’s growth curve to deliver superior performance to its various stakeholders. The banks Chairman, Babatunde Kasali, notes that,
Coronation Merchant Bank’s gross earnings rise 66% to N25.2bn
CORONATION Merchant Bank Limited said its gross earnings rose by 66 percent to N25.2 billion for the financial year ended December 2017 from N15.2 billion in 2016. Chief Executive Officer of the investment bank, Mr. Abubakar…
Nigeria receives $14.2bn from World Bank
The World Bank Group, which begins its week-long yearly Spring Meetings today in Washington has supported Nigeria with loans and International Development Association (IDA) credits worth about $14.2 billion since 1958.
FirstBank rewards Verve card users
FirstBank of Nigeria Limited has, in partnership with Verve International, announced a promotion to reward its customers for using their FirstBank Verve card to purchase petrol at selected Oando filling stations in Lagos…
U.S. stocks turn lower as banks lead way down
Stocks were lower weekend as weakness in bank stocks added to the political and trade tensions weighing on the market. Treasury yields slid and oil rose for a fifth straight day, bringing its weekly gain to almost nine percent.
Oyo: Rice farmers receive inputs worth N17.8m – CBN
Rice Farmers Association of Nigeria ( RIFAN ) in Oyo State says it has received farm inputs worth N17.8 million from the Central Bank of Nigeria ( CBN ) through the Bank of Agriculture ( BOA ). The state Chairman of RIFAN, Mr Victor Korede
Police, CBN Nab Six in Ogun for Hawking Naira Notes
Operatives of the Nigeria Police Force (NPF) and officials of the Central Bank of Nigeria (CBN) have apprehended six women for hawking naira notes at three different parts of Ogun State at the weekend.
Sunny Anderson brings unique flavours to GTBank food fair
Bestselling author and Food Network Personality, Sunny Anderson, will be at the GTBank Food and Drink Fair to treat guests to an exciting Masterclass on how to make home cooking easy and exciting. Known for hosting popular shows..