COVID-19: CBN Halts Cheques Clearance Indefinitely The Central Bank of Nigeria (CBN) on Monday announced from March 31, 2020 it will no longer clear cheque instruments...
LDR Boosts Credit to Private Sector by N2.35trn The Central Bank of Nigeria’s Loan to Deposit Ratio boosted the nation’s credit facility to the private sector...
Fidelity Bank to Halt Operations in Lagos, FCT, Ogun today Due to the rising number of confirmed cases in Lagos, Abuja and Ogun States, the management...
Stock Market Declines by 1.52% Last Week The Nigerian Stock Exchange (NSE) extended bearish trend last week as the lockdowns and the number of confirmed coronavirus...
Debt Servicing: State Governors Spent N3.6bn in January State Governors spent a combined N3.6 billion servicing external debts in the month of January. This amount represents...
Naira Slides to N402/$1 as CBN Suspends FX Sales The foreign exchange rate of the Nigerian Naira to a US dollar declined further on Friday after...
S&P Downgrades Nigeria’s Long Term Rating to Junk Standard & Poor (S&P), one of the world’s top rating agencies, has downgraded Nigeria’s credit rating barely a...
Otedola Joins Dangote, Others in Fight Against COVID-19, Donates N1bn Billionaire Femi Otedola, the former Chairman of Forte Oil and one of the richest people in...
CBN Suspends Sales of Forex to Bureau De Changes The Central Bank of Nigeria (CBN) on Thursday announced it has suspended sales of the forex to...
COVID-19: UBA Provides N5bn Relief Fund Private sector operators have started providing support to the Federal Government as Africa’s largest economy intensified fight against coronavirus pandemic....
