The naira depreciated against the dollar on Friday as it exchanged at N778.42 at the Investors and Exporters window.
Browsing: ECONOMY
The Securities and Exchange Commission (SEC) says that the unclaimed dividends figure in the nation’s capital market currently stands at N190 billion.
The Nigerian Economic Summit Group (NESG), on Tuesday, held discussions with the Central Bank of Nigeria (CBN) on areas of collaboration towards achieving economic stability.
A leaked confidential letter from the Central Bank of Nigeria (CBN) to a commercial bank has warned banks against granting Naira overdrafts, which are backed by foreign currency deposits.
The Obajana Plant of the Dangote Cement Plc in Kogi state has commenced the training of youth in technical skills under the tutelage of technical units of Dangote Cement Transport, as part of its commitment to Corporate Social Responsibility (CSR).
The Chartered Institute of Bankers of Nigeria (CIBN) has commended President Bola Tinubu for unifying the Naira exchange rate to save the country from financial crisis.
The Association of Corporate Affairs Managers of Banks (ACAMB) has urged traditional financial institutions to embrace innovation and adapt in a changing environment to remain relevant.
The National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate increased to 24.08 percent in July 2023.
The Debt Management Office (DMO) says it received a total subscription of N312.56 billion in its August, Federal Government of Nigeria (FGN) bond auction.
The big issue, Prof. Ekekwe lamented, was the borrowing of “$billions from US banks, and securing/collateralizing the loans with the national foreign reserves or other asset classes, without informing the Nigerian people and the National Assembly.”