The Central Bank of Nigeria (CBN) on Friday made an intervention of $311.5 million in the retail Secondary Market Intervention Sales (SMIS) and CNY 15 million in the spot and short-tenored forwards segment of the inter-bank foreign market. The Director, Corporate Communications Department at the CBN, Isaac Okorafor, confirmed the latest injection, disclosing that “the […]

The global pursuit of financial inclusion as a vehicle for  economic development has yielded positive impact in Nigeria as the exclusion rate has reduced from 53 per cent in 2008 to 36.8 per cent in 2018. Despite overall progress, gender gap still remains. According to the EFInA Access to Financial Services in Nigeria, 57 per […]

CENTRAL Bank of Nigeria (CBN) Governor Godwin Emefiele on Sunday came under scathing criticisms for allegedly marginalising Southeast and Southwest in the intervention programmes. The accusation was made against Emefiele in Enugu in a statement by the Southeast zone of the Zikist-Buharist Movement (ZBM). The statement was titled: “CBN Governor marginalisation of Southeast, protest to […]

THE external debt stock of low and middle-income countries, such as Nigeria and many countries in sub-Saharan Africa, rose 5.2 per cent last year to $7.8 trillion, a slower pace of accumulation than in 2017, a World Bank report released at the weekend showed. According to multi billionaire entrepreneur and lawyer, Dr Ned Nwoko, Nigeria’s […]

Keystone Bank Limited has launched a new savings promo tagged ‘Keystone Growbiz Account Save and Win Promo.’ The promo, which is open to new and existing customers of the bank and scheduled to run till November 30, 2019, will see lucky winners walk away with cash prizes and gift items such as refrigerators, television and […]

President Muhammadu Buhari has nominated Dr Akinwunmi Adesina for re-election as the President of African Development Bank (AfDB). Akinwunmi disclosed this on Sunday in Lagos after his conferment with the Emeka Anyaoku Lifetime Achievement Award for outstanding performance by the Hallmarks of Labour Foundation. The former Minister of Agriculture and Rural Development thanked the Buhari […]

First Bank of Nigeria Limited says there is a need for more attention and support to be given to the Nigerian textile industry and the manufacturing sector. The bank said as part of efforts to promote the country, it set aside October 2 for its workers to wear locally- made textile attire adorned in the […]

Ecobank Nigeria limited has advocated continuous collaboration by all stakeholders in the fight against cybercrimes in the country. The Managing Director, Ecobank Nigeria, Patrick Akinwuntan, said this in his welcome address at the second general meeting of Nigeria Electronic Fraud Forum in Lagos. He said the activities of cyber criminals had assumed a high dimension, […]