Naira Predicted to Exchange 1,000/$ Before Weekend by Staff Writer April 16, 2024 0 Finance The naira has continued its strengthen against the United States dollar. The Nigerian currency appreciating N1,050/$ at the official market ... Read more
UBA Hints on Strategy to Meet CBN’s N500bn Capital Base by Techeconomy April 15, 2024 0 Finance United Bank of Africa Plc (UBA), one of the Nigeria’s leading Banks, has hinted on a well-defined strategy to boost its ... Read more
NIGERIA: Seven Key Facts about new NIMC Multipurpose National ID Card by Techeconomy April 12, 2024 0 News The Federal Government of Nigeria through the National Identity Management Commission (NIMC) disclosed plans to launch a new national identity ... Read more
CBN Plans further Clampdown on FX Market Racketeers by Techeconomy April 10, 2024 0 Finance The Presidency on Tuesday said the concerted efforts of the Yemi Cardoso-led Central Bank of Nigeria aimed at stabilising the ... Read more
Offshore Control Measures to Curb Inflation, According to Bismarck Rewane by Techeconomy April 9, 2024 0 Finance Bismarck Rewane, the managing director, Financial Derivatives Company Limited, has charged the Central Bank of Nigeria (CBN), to take advantage ... Read more
CBN Sells $10,000 to BDCs at N1,101/$ by Techeconomy April 8, 2024 0 Finance The Central Bank of Nigeria (CBN) has again announced the sales of dollars to Bureau De Change (BDCs) operators. It ... Read more
Nigeria’s External Reserves Drop by $1.02bn in 18 Days by Staff Writer April 8, 2024 0 Finance Nigeria’s foreign exchange reserves dropped by approximately $1.02bn within 18 days, according to Central Bank of Nigeria (CBN’s) report. The ... Read more
Recovery of Naira Linked to $7bn FX Backlog Clearance, BDCs React by Techeconomy April 2, 2024 0 Finance The gradual recovery of Nigeria’s currency, the naira, in the last few weeks has been accredited to more investment in ... Read more
Access Holdings Plc to Raise $1.5 Billion to Strengthen Capital Base by Joan Aimuengheuwa April 1, 2024 0 Finance Nigerian financial services group Access Holdings Plc has revealed plans to raise $1.5 billion to bolster its capital base. This ... Read more
Why Only Seven Nigerian Banks May Meet CBN Recapitalisation Requirements – EY by Techeconomy March 19, 2024 0 Finance Ernst and Young, a multinational professional services partnership, and one of the largest professional services networks in the world, has ... Read more
Why Banks Can’t Pay Dividends from FX Revaluation Gains – CBN by Techeconomy March 16, 2024 0 Finance The Central Bank of Nigeria (CBN) has warned that banks operating in the country cannot use their foreign exchange revaluation ... Read more
CBN to Sanction MfBs for Failure to File Monthly Returns by Techeconomy March 12, 2024 0 Finance The Central Bank of Nigeria (CBN), has urged all Microfinance Banks (MfBs) to ensure prompt rendition of statutory monthly returns ... Read more
Forex: Cardoso Confirms CBN Owing Five Banks by Techeconomy March 1, 2024 0 Finance Dr. Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has said that foreign exchange (forex) backlogs have ... Read more
Raising Interest Rates in the Face of Cost-Push Inflation by Techeconomy February 28, 2024 0 Finance I do not understand the rationale behind raising the benchmark interest by 400bp by Nigeria’s Central Bank. The price of ... Read more
FULL LIST: BDCs in Each State in Nigeria by Techeconomy February 28, 2024 3 Finance FULL LIST of BDCs per State in Nigeria Lagos: 2,958 Abuja: 1,179 Kano: 981 Anambra: 259 Kaduna: 55 Abia: 50 ... Read more