The Nigerian Exchange has halted trading in the shares of Guaranty Trust Bank (GTB) Plc, as the bank moves to its transition to a holding company.
Nigeria's Central Bank is preparing a digital currency pilot that could launch as early as the end of this year, its director of information technology said in a recording heard by Reuters on Friday.
“Significant spreads between the official, the IEFX, and the parallel exchange rate persisted throughout 2020 and as of April 2021, the spread between the official and the IEFX rate was estimated at 8% and between the IEFX and the parallel rate, reached 18% (the spread between the official and the parallel rate was 27%),” the World Bank added.
The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks.
The International Monetary Fund (IMF) has advised the federal government to keep reliance on overdrafts from the Central Bank of Nigeria (CBN) within legal limits.
Zenith Bank Plc has been named as the Best Corporate Governance ‘Financial Services’ Africa 2021 by the Ethical Boardroom for the second consecutive year.
The National Insurance Commission (NAICOM) has partnered the Federal Roads Safety Corps (FRSC) on enforcement of compulsory motor insurance in the country.
The international Monetary Fund (IMF) has stressed the need to address currency risk, exit risk as well as project risks which hinders foreign investments into Sub Saharan Africa.
Nigerian National Petroleum Corporation (NNPC) through its subsidiary Duke Oil has sealed a pact to supply 30,000 barrels per day crude oil supply to Indonesia’s state oil corp, Pertamina, and Indian Oil Corporation.
The Supreme Court of Nigeria has ruled that Investors in Nospetco Oil & Gas Ltd (Wonder Bank) whose N22.45 billion funds are being trapped in the Central Bank of Nigeria, for over 14 years, can go to the appropriate court for recovery of their money.
The report had claimed that the apex bank’s target examination of Unity Bank showed that the tier 2 lender is in ”grave financial condition”, with a capital adequacy ratio (CAR) and non-performing loans (NPL) ratio that breached prudential standards.
The House of Representatives has mandated its committee on banking and currency to investigate disbursements of all agricultural loans and credit facilities to farmers.
The House of Representatives has asked the Central Bank of Nigeria (CBN) to halt the downward spiral in the value of the naira against the dollar.
The Development Bank of Nigeria (DBN) has reaffirmed its commitment to environmental sustainability, pledging to entrench positive practices in its operations and among its stakeholders.
Spain's government said on Wednesday that pardons granted to nine jailed Catalan separatists leaders did not mean it was prepared to discuss a referendum on independence for the region
An ex-BB9ja housemate, Nina Onyenobi aka Nina Ivy, has been stripped of her brand ambassador deal with Mav Herbals, a butt enlargement brand, after going public with her Brazilian Butt Lift (BBL) procedure.
Medical charity MSF on Tuesday asked Cameroon to let it resume work in the country's insurgency-riven English-speaking west, saying tens of thousands were deprived of medical care.
Naira gained against the U.S. dollar on Tuesday at the official market, a day after a major slip at the official and parallel markets.
No fewer than three persons were killed over an alleged stolen mobile phone in Lokoja, Kogi State capital.
The Emir of Dutse, HRH Nuhu Sanusi says in spite being surrounded by insecurity troubled states, Jigawa has remained the most peaceful in the country because of inclusive governance.
Chief Mike Ozekhome, SAN, has said that President Muhammadu Buhari is disconnected from Nigerians and erroneously believes that the problem of Nigeria is how to make local governments functional and the Judiciary independent, instead of people’s yearnings on restructuring.
The White House on Monday laid out a plan to share 55 million U.S. COVID-19 vaccine doses globally, with roughly 75% of the doses allocated to Latin America and the Caribbean, Asia and Africa through the COVAX international vaccine-sharing program.
Barcelona star Ousmane Dembélé limped off with an injury during France’s frustrating draw with Hungary at Euro 2020.
Tokyo will cancel all public Olympics viewing events in an effort to reduce the risk of coronavirus infections, the city governor said Saturday.