Banking

Investors lose N720bn as Tier-1 banks’ selloffs persist

The value of transactions on the Nigerian Exchange Ltd. (NGX) on Wednesday, February 28, 2024 further declined by 4.80 per…

2 years ago

CBN begins daily sales of $20,000 at N1,301/$ to BDCs

As part of the efforts to stabilise the forex market, the Central Bank of Nigeria (CBN) has commenced the sale…

2 years ago

CBN raises interest rate to 22.75%

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 400 basis points from 18.75 per…

2 years ago

Herbert Wigwe, Access Bank and danger of single story

By ETIM ETIM It was the venerated writer, Chimanda Adichie, who first warned us against the destructive influences of a…

2 years ago

BDC: CBN orders forex sellers above $10,000 to declare sources

The Central Bank of Nigeria (CBN) has directed foreign exchange sellers to Bureau De Change (BDC) of the equivalent of…

2 years ago

CBN to raise minimum capital for bureau de change operators to N2bn

The Central Bank of Nigeria (CBN) has concluded plans to increase the minimum capital requirements for Bureau De Change (BDC)…

2 years ago

EFCC chair to banks’ CEOs: Play by rules in fight against corruption

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called on the Chief Executive Officers (CEOs)…

2 years ago

Tinubu appoints Ibrahim Gaga as NEXIM Executive Director

President Bola Tinubu has approved the appointment of Ibrahim Khalil Gaga as the Executive Director, Corporate Services, at the Nigerian…

2 years ago

Olayemi Cardoso’s dilemma, By TUNDE RAHMAN

By TUNDE RAHMAN Those who know Mr. Olayemi Cardoso will agree he got his current job as the Governor of…

2 years ago

First Bank to reward customers with N36m in cash out promo

First Bank has launched the second season of its Cash Out Promo designed to reward the bank customers with N36…

2 years ago

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