Forex intervention: CBN injects $280.04m, CNY 28.3m into retail market
The Retail Secondary Market Intervention Sales (SMIS) on Friday received a boost of 280.04 million dollars from the Central Bank of Nigeria (CBN). The bank’s
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World Bank net commitment to Nigeria hits $11bn — country director
Mr Rachid Benmessaoud, Country Director, World Bank Group, says the bank’s net commitment to Nigeria over the years is about 11 billion dollars. He said
Kenyan regulator says shareholders to decide bank merger
Kenyan lender KCB Group’s takeover of state-backed National Bank of Kenya will go ahead if its offer is accepted by 75 per cent of shareholders,
Standard Bank considers expansion into new markets – CEO
Africa’s largest bank by assets, Standard Bank, said on Thursday it could consider expansion into new markets, possibly via acquisitions, as its strategy to focus
Naira closes at N359.3 to dollar at parallel market
The Naira on Thursday was sold at N359.3 to the dollar at the parallel market in Lagos. The Pound Sterling and the Euro closed at
NSE market indices record marginal growth of 0.05%
The nation’s bourse recorded marginal growth on Thursday after two consecutive days downward trading with the market indices appreciating by 0.05 per cent. Specifically, the
Budget well,spend effectively on public health, expert advises Nigerian Govt.
Dr Tom Frieden, President/CEO, Resolve to Save Lives, an International Non-Governmental Organisation (NGO), has advised the Nigerian Government to budget well and spend effectively on
Fidelity Bank rewards loyal customers with N2.6 bln
The Fidelity Bank Plc says it has disbursed over N2.6 billion to customers as reward for their loyalty in the last four years. Richard Madiebo,
Zambia central bank denies opposing village banking
Zambia’s Central Bank on Wednesday refute reports that it was against the introduction of village banking in the country. The Bank of Zambia, in response
Free fall of equities persist on NSE, index drops by 0.42%
The free fall of equities continued on the Nigerian Stock Exchange (NSE) on Wednesday with the All-Share Index dropping further by 0.42 per cent, amid
