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Category: Finance

Respite Seen for Naira as CBN Intensifies Settlement of FX Backlogs
FinanceNews

Respite Seen for Naira as CBN Intensifies Settlement of FX Backlogs

NEWS BAR NGNovember 13, 2023

The Central Bank of Nigeria (CBN) has intensified its clearance of backlogs of foreign exchange (FX) forwards, raising hope for…

UBA, Saudi EXIM Bank Partner to Enhance Business Relations, Exports
BusinessFinanceNews

UBA, Saudi EXIM Bank Partner to Enhance Business Relations, Exports

NEWS BAR NGNovember 10, 2023

The United Bank for Africa (UBA) Plc and Saudi Export-Import Bank (Saudi EXIM) have announced a partnership aimed at strengthening…

Presidency: Tinubu’s Economic Policies Will Shock FX Speculators, Dollar Hoarders
FinanceNewsPolitics

Presidency: Tinubu’s Economic Policies Will Shock FX Speculators, Dollar Hoarders

NEWS BAR NGNovember 8, 2023November 8, 2023

The Presidency yesterday, said the economic policies of the President Bola Tinubu’s administration and the Central Bank of Nigeria (CBN)…

Naira Stable, Closes at N1000/$ on Parallel Market, Depreciates Marginally to N808/$ on I&E
FinanceNews

Naira Stable, Closes at N1000/$ on Parallel Market, Depreciates Marginally to N808/$ on I&E

NEWS BAR NGNovember 7, 2023

The naira remained stable against the dollar on the parallel market where it exchanged at N1000 yesterday, same amount it…

BPP DG Advocates for Entrenchment of Integrity, Global Standard in Procurement Process
BusinessFinanceNews

BPP DG Advocates for Entrenchment of Integrity, Global Standard in Procurement Process

NEWS BAR NGNovember 7, 2023November 7, 2023

By Bukola Afeni The Director General (DG) Bureau of Public Procurement (BPP), Mamma Ahmadu, has urged the participants of 2023…

Zenith Bank Caps Stellar Q3 2023 Performance with Triple-digit Growth
BusinessFinanceNews

Zenith Bank Caps Stellar Q3 2023 Performance with Triple-digit Growth

NEWS BAR NGNovember 1, 2023

Zenith Bank Plc has announced its unaudited results for the third quarter (Q3) ended September 30, 2023, recording a remarkable…

FG Plans New FX Rules in Hopes of Naira Reaching ‘Fair Price’ by End of 2023
FinanceNews

FG Plans New FX Rules in Hopes of Naira Reaching ‘Fair Price’ by End of 2023

NEWS BAR NGOctober 31, 2023

Nigeria is planning to introduce new foreign exchange rules — including a crackdown on illegal currency trading — that it…

Forex crisis: Fed Govt to inject $10b in weeks
FinanceNews

Forex crisis: Fed Govt to inject $10b in weeks

NEWS BAR NGOctober 24, 2023

The Federal Government is taking steps to inject $10billion into the nation’s foreign exchange market to clear outstanding obligations on forward…

Obasanjo: Nigeria Can Overcome Forex Crisis by Exploring Non-oil Exports
BusinessFinanceNews

Obasanjo: Nigeria Can Overcome Forex Crisis by Exploring Non-oil Exports

NEWS BAR NGOctober 23, 2023

Former President Olusegun Obasanjo, at the weekend, stated that Nigeria could overcome its foreign exchange (forex) crisis and dwindling value…

Tinubu Appoints New Auditor-General Of The Federation
BusinessFinance

Tinubu Appoints New Auditor-General Of The Federation

NEWS BAR NGOctober 21, 2023October 30, 2023

By powers vested in him by Section 86 of the 1999 Constitution (Amended), President Bola Tinubu has approved the appointment…

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