Ad
The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the Managing Director/Chief Executive Officer, without regulatory approval. The query is contained in a letter dated April 28, 2021 signed by the CBN Director, Banking Supervision, Mr Haruna Mustafa, and obtained by the…
April 29, 2021
The nation’s bourse key market indicators closed the week upbeat on Friday with a growth of 0.43 per cent. The market capitalisation increased by ₦89 billion or 0.43 per cent to close at N20.568 trillion against N20.479 trillion posted on Thursday. Also, the All-Share Index which opened at 39,131.80 inched higher by 170.02 points or…
April 23, 2021
Trading on the Nigerian Exchange (NGX) Ltd., ended on a cautious note on Thursday with the key indicators recording a marginal gain of 0.01 per cent. The upward trend was sustained as a result of buy-interest in United Bank for Africa (UBA), FBN Holdings and Oando. Thus, the All-Share Index rose by 3.46 points or…
April 22, 2021
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DNBs) and Bureau De Change (BDC) operators to, henceforth, accept old and lower denomination U.S dollars as legal tender. The apex bank gave the order in a circular signed by its Director of Currency Operations Department, Mr Ahmed Umar. Umar said that the CBN…
April 21, 2021
Nigeria's Currency in circulation (CIC) hits N2.81 trillion in March 2021, rising by N29 billion from the N2.78 trillion recorded in February. This was contained in the latest figures obtained from the official website of the Central Bank of Nigeria (CBN). According to the figures, March recorded the highest CIC since December 2020. The CIC…
April 19, 2021
Key market indicators dropped further by 0.57 per cent at the nation’s bourse on Wednesday, on increased profit taking in banking and industrial sectors. The downturn was supported by investors’ portfolio readjustment ahead of first quarter earnings results. Specifically, the All-Share Index declined by 221.98 points or 0.57 per cent to close at 39,045.13, compared…
March 31, 2021
Financial experts have commended the retention of the Monetary Policy Rate (MPR) and other parameters by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). They said the outcome of the 278th MPC was in line with predictions and consistent with global trends among central banks. They said this in interviews with…
March 24, 2021
The Central Bank of Nigeria, CBN, has published a list of the international money transfer operators (IMTOs) approved for diaspora remittances. The bank had earlier introduced a “Naira 4 Dollar Scheme”, an incentive that pays naira to senders and recipients of international money transfers. The incentive will see recipients of diaspora remittances paid N5 for…
March 22, 2021
By Abiola Olawale The First City Monument Bank (FCMB) has upscaled its operations, and service to Nigerians as it introduced a cardless biometric transaction policy. FCMB customers can now seamlessly carry out various transactions with their fingerprints and Bank Verification Numbers (BVNs). Following the development, FCMB became the first bank in Nigeria to introduce paperless…
March 10, 2021
Advert
Ad
The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the Managing Director/Chief Executive Officer, without regulatory approval. The query is contained in a letter dated April 28, 2021 signed by the CBN Director, Banking Supervision, Mr Haruna Mustafa, and obtained by the…
April 29, 2021
The nation’s bourse key market indicators closed the week upbeat on Friday with a growth of 0.43 per cent. The market capitalisation increased by ₦89 billion or 0.43 per cent to close at N20.568 trillion against N20.479 trillion posted on Thursday. Also, the All-Share Index which opened at 39,131.80 inched higher by 170.02 points or…
April 23, 2021
Trading on the Nigerian Exchange (NGX) Ltd., ended on a cautious note on Thursday with the key indicators recording a marginal gain of 0.01 per cent. The upward trend was sustained as a result of buy-interest in United Bank for Africa (UBA), FBN Holdings and Oando. Thus, the All-Share Index rose by 3.46 points or…
April 22, 2021
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DNBs) and Bureau De Change (BDC) operators to, henceforth, accept old and lower denomination U.S dollars as legal tender. The apex bank gave the order in a circular signed by its Director of Currency Operations Department, Mr Ahmed Umar. Umar said that the CBN…
April 21, 2021
Nigeria's Currency in circulation (CIC) hits N2.81 trillion in March 2021, rising by N29 billion from the N2.78 trillion recorded in February. This was contained in the latest figures obtained from the official website of the Central Bank of Nigeria (CBN). According to the figures, March recorded the highest CIC since December 2020. The CIC…
April 19, 2021
Key market indicators dropped further by 0.57 per cent at the nation’s bourse on Wednesday, on increased profit taking in banking and industrial sectors. The downturn was supported by investors’ portfolio readjustment ahead of first quarter earnings results. Specifically, the All-Share Index declined by 221.98 points or 0.57 per cent to close at 39,045.13, compared…
March 31, 2021
Financial experts have commended the retention of the Monetary Policy Rate (MPR) and other parameters by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). They said the outcome of the 278th MPC was in line with predictions and consistent with global trends among central banks. They said this in interviews with…
March 24, 2021
The Central Bank of Nigeria, CBN, has published a list of the international money transfer operators (IMTOs) approved for diaspora remittances. The bank had earlier introduced a “Naira 4 Dollar Scheme”, an incentive that pays naira to senders and recipients of international money transfers. The incentive will see recipients of diaspora remittances paid N5 for…
March 22, 2021
By Abiola Olawale The First City Monument Bank (FCMB) has upscaled its operations, and service to Nigerians as it introduced a cardless biometric transaction policy. FCMB customers can now seamlessly carry out various transactions with their fingerprints and Bank Verification Numbers (BVNs). Following the development, FCMB became the first bank in Nigeria to introduce paperless…
March 10, 2021
