By Okeoghene Akubuike A Development Economist, Prof. Ken Ife, says some sectors may soon likely witness a drop in prices as the Naira appreciates against the Dollar. Ife said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday. He said the sectors likely toContinue Reading
By Olawunmi Ashafa Mr Yemi Odusanya, former Executive Director, Corporate Banking and South, Keystone Bank, says the capital raise by the Central Bank of Nigeria (CBN) for the banks will further fortify the industry’s financial resilience. He said it would also reduce the likelihood of failures in the future.Continue Reading
By Adeyemi Adeleye The Executive Chairman, Apapa-Iganmu Local Council Development Area, Alhaja Funmilayo Muhammed, has called on Nigerians to be patient with President Bola Tinubu in his efforts to address economic hardship. Muhammed made this remark in an interview with the News Agency of Nigeria (NAN) at theContinue Reading
New bank’s minimum capital requirement’ll strengthen financial system – ExpertContinue Reading
By Lucy Ogalue The African Development Bank (AfDB) has signed a 75 million dollar loan agreement with Nigeria’s Indorama Eleme Fertiliser and Chemicals Limited. The bank announced this in a statement issued on its website late Thursday. According to the statement, the loan will enable Indorama to increase its fertiliserContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion. The apex bank also increased capital requirement for banks with regional licences from N15 billion to N50 billion and those withContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion. The apex bank also increased capital requirement for banks with regional licences from N15 billion to N50 billion , and thoseContinue Reading
By Rukayat Adeyemi Zenith Bank Plc. on Thursday expressed optimism that it would submit its 2023 full-year audited financial statement to the Nigerian Exchange Ltd. (NGX) on or before April 30. The Company Secretary, Zenith Bank Plc., Mr Michael Otu, stated this in a notification sent to the NGX inContinue Reading
By Rukayat Adeyemi Shareholders of Africa Prudential Plc., on Thursday unanimously approved a total dividend of N900 million declared by the company for the financial year ended Dec. 31, 2023. They gave their approval at the company’s 11th Annual General Meeting (AGM) in Lagos. The News Agency of Nigeria (NAN)Continue Reading
By Grace Alegba The Association of Bureau De Change Operators of Nigeria (ABCON) has called for the immediate implementation of resolutions by the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN). Its president, Alhaji Aminu Gwadabe, made the call in an interview with the NewsContinue Reading
