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Latest posts - Finance
  • Nigeria’s Economic Recovery Template Copied From Lagos - Adeosun
    • Blog Post
    • Mar 29, 2017
    Kemi Adeosun, minister of finance, has said the economic template being used to foster the growth of Nigeria’s economy was copied from Lagos state. Making the admission on Tuesday at the colloquium organised to celebrate the 65th birthday of...
  • Cbn Introduces Financial Education Curriculum For Primary, Secondary Schools
    • Blog Post
    • Mar 27, 2017
    The Central Bank of Nigeria (CBN) has developed and introduced a Financial Education Curriculum for basic and senior secondary schools, to educate children on how to use financial services responsibly. The Head of Consumer Education, CBN, Mrs Khad...
  • Cbn Orders Banks To Sell Forex At N360/$1
    • Blog Post
    • Mar 27, 2017
    The Central Bank of Nigeria (CBN) says banks will no longer trade the naira at N375 per dollar for invisibles, such as school fees, medical bills and travel allowances. CBN, on Monday morning, said Nigerians can now get the dollar at 360 acro...
  • Dollar May Crash Further As Hoarders Count Losses (must Read )
    • Blog Post
    • Mar 26, 2017
    Barring unforeseen circumstances, the United States dollar is set to crash further this week as the Central Bank of Nigeria (CBN) plans yet another round of interventions in the interbank market. This is as the naira has continued to do extremely ...
  • Naira Gains 12.36 % In One Week
    • Blog Post
    • Mar 26, 2017
    The Naira recorded an appreciation of 12.36 per cent at the parallel market in the last one week. The News Agency of Nigeria reports that the Naira traded at N440 last Monday while it closed at N390 to the dollar on Friday. In the week unde...
  • Curb Illegal Currency Transactions At Borders To Sustain Naira Appreciation – Bdc Operators
    • Blog Post
    • Mar 26, 2017
    Bureau De Change Operators have called on security agencies to curb illegal currency transactions at Nigerian borders to sustain the recent appreciation of the Naira against other foreign currencies. Aminu Gwadabe, President, Association of Bureau D...
  • Naira At 2017 Best As Foreign Reserves Surpass 2016 High
    • Blog Post
    • Mar 25, 2017
    The Nigerian naira is currently at its best point since August 2016, while the nation’s foreign exchange reserves is at the highest point since the fourth quarter of 2015. The local currency on Thursday appreciated to 390 per dollar, while the...
  • Zenith Bank Shelves Plan To Raise N100bn
    • Blog Post
    • Mar 24, 2017
     Zenith Bank Plc has shelved plan to raise N100 billion via a combination of bonds and share sales due to weak capital markets, it said on Thursday. The bank had expected market conditions to improve when it announced plans to seek approval for ...
  • Naira Consolidates Further ....see Current Value
    • Blog Post
    • Mar 24, 2017
    The Naira on Friday in Lagos consolidated its position against the dollar at the parallel market. The Nigerian currency on Friday afternoon exchanged between N380 (buying rate) and N390 (selling rate), stronger than N400 recorded on Thursday, wh...
  • Man, Cbn Differ On Disbursement Of N380bn Forex To Private Sector
    • Blog Post
    • Mar 23, 2017
    Members of the Organised Private Sector (OPS), including Manufacturers’ Association of Nigeria (MAN), have disagreed with the Central Bank of Nigeria (CBN) that they received $2.83 forex. The apex bank announced penultimate Thursday that it had ...
  • What States Government Received In 1st Payment Of Paris Club Refund
    • Blog Post
    • Mar 23, 2017
    The following are the amounts States Governments received in 1st Tranche of reimbursement of over-deductions on Paris Club Loans(Dec 2016): ABIA: N10,631,324,520.96 ADAMAWA: N4,894,891,184.12 AKWA IBOM: N14,500,000,000 ANAMBRA: N11,386,281,466....
  • Dollar Drops Below N400/$ For First Time In Seven Months
    • Blog Post
    • Mar 23, 2017
    For the first time in seven months, the dollar fell below the psychological N400 barrier, when the greenback traded at N399 to the dollar in Lagos and exchanged at N395 in Abuja, lower than N410 at which it traded on Tuesday. With the gains made b...
  • Cbn To Stop The Naira From Falling Out Of Control, Says Cbn Governor
    • Blog Post
    • Mar 22, 2017
    The Central Bank of Nigeria (CBN) said its intervention is to bring about a convergence of all the rates. Many have doubted the CBN’s ability to sustain its intervention, but the CBN insisted that it has the muscle to sustain its battle to stop ...
  • Burundi Joins Afreximbank
    • Blog Post
    • Mar 22, 2017
    The African Export-Import Bank (Afreximbank) says Burundi has acceded to the Agreement establishing the bank, making the country a participating state. In a statement on Wednesday in Lagos, Afreximbank President, Dr Benedict Oramah, said that the ...
  • Naira Dramatically Recovers To N405/$1 After Mpc Decisions
    • Blog Post
    • Mar 22, 2017
    The Nigerian naira dramatically recovered on Wednesday to 405 per dollar, less than 24 hours after the Central Bank of Nigeria (CBN) monetary policy committee (MPC) meeting. In Abuja, the naira is currently trading between 405 to 410 per dol...
  • Global Insurance M&a Levels Set To Rebound In 2017-experts
    • Blog Post
    • Mar 22, 2017
    Global Insurance M&A Levels Set To Rebound in 2017-Experts By ROYAL IBEH Global Insurance experts in the industry are optimistic that despite a slow year in 2016, global insurance merger and acquisition (M&A) activity would bounce back in 2017...
  • Guinea Insurance Gross Premium Income Hits N1.01bn In 2015
    • Blog Post
    • Mar 22, 2017
    Guinea Insurance Gross Premium Income Hits N1.01bn In 2015 By ROYAL IBEH Guinea Insurance has recorded a gross premium income of N1.01 billion for the financial year ended 31st December, 2015 as against N867.99 million recorded in 2014. Pr...
  • Naira Continues To Appreciate Against Dollar..see Current Value
    • Blog Post
    • Mar 22, 2017
    The Naira has continued to appreciate against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency on Tuesday afternoon traded at N420 (buying rate) and N430 (selling rate), while the Pound Sterl...
  • Naira Continues To Appreciate Against Dollar..see Current Value
    • Blog Post
    • Mar 22, 2017
    The Naira has continued to appreciate against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency on Tuesday afternoon traded at N420 (buying rate) and N430 (selling rate), while the Pound Sterl...
  • Impressive : Naira Appreciates Further ..see Details
    • Blog Post
    • Mar 21, 2017
    The naira will trade at N415 to a dollar as the series of intervention by the Central Bank of Nigeria (CBN) are sustained, Alhaji Aminu Gwadabe has said. Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), told the Ne...
  • Just In : Amcon Sells Keystone Bank
    • Blog Post
    • Mar 21, 2017
    Keystone Bank Limited, the last amongst the batch of banks acquired by Central Bank of Nigeria, under the leadership of Sanusi Lamido Sanusi, in 2009 has finally been sold off, after nearly eight years of legal tussles with the original owners unde...
  • Know What Your State Got From The $6.9billion Paris Club Refund…see Full List
    • Blog Post
    • Mar 20, 2017
    Below is the breakdown of the $6.9billion Paris Club Refund to 36 States, FCT 1. Abia - $151, 410, 816.39 2. Adamawa - $161, 968, 221.27 3. Akwa Ibom - $344, 122,584.90 4. Anambra - $162, 163, 091.98 5. Bauchi - $182, 192, 756.59 6. Bayelsa ...
  • Forex: Cbn Releases Another $180m
    • Blog Post
    • Mar 20, 2017
    The Central Bank of Nigeria (CBN) has offered additional 180 million dollars to meet bids for wholesale auction and requests for Invisibles such as medicals, school fees and personal travel allowances valued at 80 million dollars through the inter-...
  • Naira Sustains Gain Against The Dollar …see Current Value
    • Blog Post
    • Mar 20, 2017
    The Naira on Monday continued to extend its gains against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N440 (buying rate) and N445 (Selling rate) to a dollar, from N445/N450 it trade...
  • A Courtesy Visit Of Axa Mansard Team To Ncrib In Lagos On Friday
    • Blog Post
    • Mar 20, 2017
    Fatai Adegbenro, Executive Secretary, Nigerian Council of Registered Insurance Brokers (NCRIB) (left), Tosin Runsewe; Chief Client Officer, AXA Mansard Insurance Plc, Kayode Okunoren, President, NCRIB, Kunle Ahmed, Executive Director and Mrs. Bukola ...
  • Guaranty Trust Bank Deputy Md, Cathy Echeozo Retires
    • Blog Post
    • Mar 20, 2017
    One of the things the Segun Agbaje-led management of Guaranty Trust Bank Plc would have to explain when they meeting shareholders and other stakeholders to give account of their stewardship for the year ended December 31, 2016, soon, is what led ...
  • Okupe Condemns New Cbn Forex Policy
    • Blog Post
    • Mar 19, 2017
    Former special adviser to ex-president Goodluck Jonathan, Doyin Okupe, has said that the new Forex policy of the Central Bank of Nigeria, as directed by the federal executive recently, is not sustainable and may limit national economic growth and d...
  • Cbn: Naira To Appreciate Further Against Dollar
    • Blog Post
    • Mar 19, 2017
    The Nigerian Naira is set to appreciate further against the Dollar this week as the Central Bank of Nigeria (CBN) won’t soften its attack on the black market. The apex bank has been injecting forex into the market to meet demands of genuine custom...
  • Boi Boss Bags 2016 Public Service Award
    • Blog Post
    • Mar 18, 2017
    Mr Waheed Olagunju, the Acting Managing Director, Bank of Industry (BoI), has emerged the public service person of the year at the Leadership Conference Award 2016. The theme of the 2016 awards held in Abuja on Friday was “The Rice Economy.’’ ...
  • We Don’t Want Naira, Pay Us In Dollars – Banks Tell Etisalat
    • Blog Post
    • Mar 17, 2017
    Nigerian banks owed money by telecoms giants, Etisalat have declined the proposal from the company to pay art of a $1.2 billion loan in naira. Etisalat had proposed that the Abu Dhabi telecommunications group and its other shareholders should recapi...
  • Just In – Kemi Adeosun Removed As Chairperson Of Public Procurement Council
    • Blog Post
    • Mar 17, 2017
    The minister of finance, Kemi Adeosun, has been removed from the post of chairman of the national council on public procurement by the House of Representatives. Her removal from the council was done following the alterations passed by the House on a ...
  • Fg Targets $1bn From New Tax Scheme
    • Blog Post
    • Mar 16, 2017
    The Federal Government yesterday said that it will, in May this year, commence a new tax reform geared towards boosting national revenue. The scheme, known as the Nigerian Voluntary Asset and Income Declaration Scheme (VAIDS), will generate at l...
  • London-paris Club Refund: Pmb Orders Release Of Second Tranche To States
    • Blog Post
    • Mar 16, 2017
    President Muhammadu Buhari has directed the Minister of Finance, Mrs. Kemi Adeosun and the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to act appropriately and with dispatch in releasing the second tranche of the London-Paris Cl...
  • World Bank Says Nigeria Will Soon Recover From Economic Recession
    • Blog Post
    • Mar 16, 2017
    The World Bank Group says Nigeria will soon recover from economic recession. Mrs. Eme Essien-Lore, Country Manager in Nigeria, International Finance Corporation, a member of the group, made the observation in an interview with the News Agency of...
  • Naira Gains Further …see Current Value
    • Blog Post
    • Mar 16, 2017
    The Naira on Thursday consolidated its gains against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained two points to exchange at N455 to a dollar, from N457 it posted on Wednesday, while th...
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