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Banking/Investments

Buhari unveils FG’s Economic Recovery and Growth Plan today, Wednesday

imf visit

All is set for the official launching of the Federal Government’s survival strategy roadmap, the Economic Recovery and Growth Plan (ERGP) 2017-2020 by President Muhammadu Buhari today, Wednesday at the ...

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Naira firms up, recovers after days of depreciation, anxiety

Nigerian Naira on Tuesday rebounded with strength forcing US dollars down, a move towards convergence of rates between interbank and parallel markets. Yesterday, naira traded between N380 (buying rate), and ...

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CBN set to inject additional $240 million forex to BDCs, others this week

CBN emefiele 2

The Central Bank of Nigeria (CBN) will from today, Tuesday, continue its ongoing foreign exchange market intervention. The bank is expected to disburse $240 million to commercial banks and operators ...

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Deposits in SunTrust Bank gallop by 432% to N4.2bn

SunTrust Bank

Trust and confidence of Nigerians are on the rise for SunTrust Bank, a new bank driven digital technology. This is coming on the heels of galloping deposits by customers running ...

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Union Bank’s MD, Emuwa explains reasons behind profit after tax, assures on growth

union bank

Union Bank of Nigeria (UBN) Plc has reported a profit before tax of N15.7 billion for the year ended December 31, 2016. The profit was made from gross earnings of ...

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Addison, AfDB top official set to replace resigned Ghana’s apex bank’s governor

Akufo Addo

Less than 24 hours of the resignation of the Governor of Ghana Central Bank, Abdul-Nashiru Issahaku, indication has emerged that top in the chest of President Nana Akufo-Addo is former ...

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Confusion as DBN set to clash with BoI’s activities, targets 20,000 MSMEs in first year

DBN logo

Just as the Bank of Industry (BoI) since the beginning of this has been growing the consolidation of Small and Medium Enterprises (SMEs) via loans, training and grants, the newly ...

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CBN remains unstoppable in sustaining foreign exchange liquidity—Okoroafor

CBN MPC meeting

Contrary to the advice of the International Monetary Fund (IMF), the Central Bank of Nigeria (CBN) on Sunday reiterated its determination to sustain the provision of foreign exchange with a ...

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Customs expects over N7bn from 3,190 vehicles auctioning seized in 2 years

Customs oil

Considering that within the last two year, the Nigerian Customs Service (NCS) has made car seizure worth N7.75bn, it is likely to rake in about N7bn form vehicles auction as ...

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Lift forex ban on 41 items, criminalize Bureau D’Change to exit recession early—IMF

imf visit

The long awaited warning from the International Monetary Fund (IMF) finally came and two major contents include that the Federal Government need to lift the remaining foreign exchange restrictions on ...

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