Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the […]
Category: Banking & Finance
Nigerian records $1.5bn FX inflows on reforms – CBN
The Central Bank of Nigeria (CBN) says the inflow of over $1.5 billion into the economy over the past few […]
Equity sheds N289bn
The Domestic equity market on Monday opened bearish, shedding N289 billion. as profit taking activities persisted in the market coupled […]
‘Those who contribute to bank failure would be prosecuted’
The Nigeria Deposit Insurance Corporation (NDIC) remains committed to ensuring that those who contribute to the failure of banks are […]
Naira rises N234.01, N340/$ at official, parallel markets
Following strings of policies recently implemented by the apex bank, including the arrest of the Binance executives, the naira has […]
FAAC distributes N1.152trn in February to FG, States, LGs
The Federation Account Allocation Committee (FAAC) has shared a total sum of N1,152.756 trillion as allocation to the three tiers of […]
Equity market gains N74bn
Trading activities on the floor of Nigerian Exchange (NGX) on Thursday returned to bullish trend, gaining N74 billion, as gain […]
CBN successfully clears valid FX transactions to eliminate legacy backlog
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a […]
Zenith Bank appoints Adaora Umeoji first female GMD
Zenith Bank Plc has appointed Adaora Umeoji as the Group Managing Director effective June 2024. Though no official statement has […]
Equity market dips by N239bn
Trading activities on the floor of Nigerian Exchange (NGX) opened Monday on negative note, declining by N239 billion as negative […]