To Mitigate Risk, Preserve Liquidity, CBN Tells Banks to Stop Granting FX Secured Naira Overdrafts
As part of efforts to guide against foreign currency (FCY) risk as well preserve the scarce liquidity in the foreign…
Category: Finance
NNPCL Gets $3bn Loan from Afreximbank to Stabilise FX, Naira Gains
The Nigerian National Petroleum Company Limited (NNPC) yesterday announced that it had secured a $3 billion emergency loan from the…
Higher Food, Commodity Prices Drive Inflation Further to 24.08%
The Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities rose to 24.08…
Forex: CBN Vows to Crackdown on Currency Speculators
The downward slide of the exchange rate of the naira to dollar has attracted the attention of the government at…
Excess Liquidity Weakens Naira Further at Parallel Market to N950/$1
The naira depreciated further in the parallel market yesterday, as it traded at N950/$1 in Lagos, compared with the N930…
Tinubu Vows to End Nigeria’s Overreliance on Borrowing for Public Expenditure
President Bola Tinubu has pledged his readiness to break the vicious cycle of overreliance on borrowing for public spending, and…
Group urge Presidency to approve Auditor General post
Wunmi Semudara The North East Peoples Solidarity Front (NEPSF), has implored the presidency to approve the recommendation of the…
Financial expert urge FG to investigate CBN
Yemi Obafemi Some financial experts have urged the Federal Government to hire a reputable and impartial audit firms to investigate…
Bankly Launches Microfinance Bank, Unveils New Products
Bankly, the popular Fintech company that specializes in payment processing through POS terminals, has announced the launch of Bankly Microfinance…
UBA Improves Staff Welfare in Response to Rising Cost of Living
The United Bank for Africa (UBA) Plc has reaffirmed its commitment to prioritise the welfare of its staff and their…