22.2 C
Nigeria
Sunday, October 22, 2017
GTBank to launch International Cash tender offer of $400m

GTBank to launch International Cash tender offer of $400m

Guaranty Trust Bank Plc (GTBank) has announced plans to launch an invitation to holders of its $400 million 6.000 per cent Notes due 2018...
CBN, banks to blacklist exporters for non-repatriation of dollar earnings

Why regulators sanction four DMBs N213.7m in H1 2017

The apex financial sector regulating bodies in Nigeria, Central Bank of Nigeria (CBN)  and Securities and Exchange Commission (SEC) have slammed five commercial banks...
Naira upholds 363/$1 for eight days at parallel market

Naira appreciates to N366/$1 at parallel market

...As autonomous transacts $363.6m in one day The Nigerian currency, Naira on Monday gained 0.27 per cent to close at N366 per Dollar against 367...
MPC meeting: Pressure mounts over MPR rate reduction

MPC meeting: Pressure mounts over MPR rate reduction

Pressure from different financial stakeholders in the country have continued to mount on the Monetary Policy Committee (MPC) of the Central Bank of Nigeria...
Foreign reserves hit $33.1bn as Naira stables against major currencies

Why CBN interventions fail to save Naira

Financial experts have diagnosed plausible reasons for the steady depreciation of the nation’s currency in spite of series of interventions by the Central Bank...
Foreign reserves hit $33.1bn as Naira stables against major currencies

Forex: Naira loses against dollar

The naira on Thursday continued to fall against the dollar at the parallel market, our correspondent reports. The Nigerian currency lost one point to exchange...
MfB bemoans lack of access to N220bn MSMEs intervention fund

MfB bemoans lack of access to N220bn MSMEs intervention fund

The Head, Credit Department, Umuchinemere Pro-credit Micro Finance Bank(UPMfB), Mr. Charles Udeani, has decried the politicisation of the Federal Government’s N220 billion Micro, Small...
Naira upholds 363/$1 for eight days at parallel market

Nigeria’s currency appreciates to 363/$1 at parallel market

The Naira, on Thursday strengthened by one point to close at 363 to the dollar against 364 exchanged on Wednesday at the parallel market. The...
Expert supports CBN’s decision to retain monetary policy rate

Manufacturing PMI hikes for fourth consecutive period in July – CBN

…Rises by 1.2 index points in one month   The Central Bank of Nigeria (CBN) has said Manufacturing Purchasing Managers’ Index (PMI) increased by 1.2 basis...
Ecobank describes new ED’s appointments as strategic to future success

Ecobank extends rapid transfer services to banks account holders

Ecobank has extended the capabilities of its Rapid Transfer product enabling all bank account holders in Nigeria receive money via the Rapid Transfer instantly...