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Investors’ and Exporters’ FX Window

Fitch Rating issues warning on profitability of Nigerian banks

Fitch Rating agency yesterday warned that Nigerian banks will struggle to sustain the same level of profitability this year due to reduction in government borrowing through treasury bills (T-Bills).

Central bank injects fresh $308.5m into forex market

The Central Bank of Nigeria (CBN) has continued to sustain liquidity in the foreign exchange (forex) market as it intervened once more yesterday with $308.5m.

Nigeria moves closer to single Naira rate

Nigeria took a step to unify its multiple exchange rates by allowing banks to use a currency window for investors when quoting the naira rather than the official rate. The naira weakened on the interbank market.

Recent Stories

Anthony Lester

UK lawmakers block suspension of member accused of sexual harassment

Britain’s upper House of Lords on Thursday voted to block the suspension of a parliamentarian who allegedly tried to force a woman to sleep with him in exchange for a promotion.
Magnus Abe

Magnus Abe: Politicians will plunge Rivers into violence

The Senator representing the Rivers South-East Senatorial District at the National Assembly, Senator Magnus Ngei Abe has warned politicians not to plunge Rivers State into the kind of violence and mayhem that characterized the 2015 general elections.
Buhari Media Organisation (BMO)

MTN fine: BMO tells senate to face its core duties

The Buhari Media Organisation (BMO) has advised the Senate to desist from interfering with the executive in running of state affairs but to concentrate more on its duties of providing adequate legislation for the growth of the nation.

Educationist urges continued advocacy to end exam malpractice

Prof. Abednego Ekoko, Chairman, Board of Trustees, Exam Ethics Marshal International, has called for continued advocacy by stakeholders to end exam malpractice in the country.
The Vice President, Yemi Osinbajo on Wednesday officially launched the Federal Government’s Trader Moni in Bodija and Oje markets in Oyo state’s capital, Ibadan 20

Yemi Osinbajo: People Money, entrepreneurship banks underway soon

To boost Small and Medium Scale Enterprises (SMEs), Vice President Yemi Osinbajo says the Federal Government will soon establish People Money and Entrepreneurship Banks.