Banking
NACCIMA raises concern over forex restoration for dairy products
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has expressed concern that the removal of import...
Naira appreciates to N1,382/$ at official market
The naira continued to appreciate against the United States dollar on Thursday, closing at 1,382/$ at the official market. This...
CBN clears backlog of all valid forex claims
The Central Bank of Nigeria (CBN) says it has cleared all valid foreign exchange backlogs. This was contained in a...
Naira strengthens to N1400/$ at parallel market
The naira on Wednesday continued to show strength against the dollar at the parallel (black) market, where operators were buying...
CBN holds MPC meeting March 26
The Central Bank of Nigeria (CBN) says it will hold its 294th monetary policy committee (MPC) meeting next week. In...
Naira closes at N1,560.57/$1 at official market
The Naira, on Tuesday, recorded marginal appreciation to close at N1560.57 to $1 at the Nigerian Autonomous Foreign Exchange (NAFEM)...
Zenith Bank appoints Adaora Umeoji as first female CEO
Zenith Bank Plc on Tuesday announced the appointment of Dr Adaora Umeoji as its Group Managing Director/Chief Executive Officer (CEO),...
FG generated N4.89 trillion company tax in 2023
The National Bureau of Statistics (NBS) has disclosed that the federal government generated a total of N4.89 trillion as company income...
CBN warns banks against using FX revaluation gains for dividends, expenses
The Central Bank of Nigeria (CBN) has warned banks against using the gains from foreign currency revaluation for payment of...
Recapitalization: 17 banks might not meet CBN new requirements — Report
A new report from Ernst and Young has revealed that 17 out of 24 banks might not meet the capital...