Money and Capital market

Maureen Aguta   The Central Bank of Nigeria (CBN) has approved daily sales of $10,000 to 1,588 eligible Bureau De Change operators at the rate of N1, 101 to the dollar. The Director, Trade and Exchange…

Maureen Aguta   The Central Bank of Nigeria (CBN) has directed all banks in the country to stop the use of foreign currencies as collateral for naira loans. CBN gave the directive in a circular issued by the Director of…

Maureen Aguta Customers of Guaranty Trust Bank (GTB) Plc were left in a lurch on Thursday evening as the banking platform experienced hours of service failure across all its portals. Investigations revealed that…

Maureen Aguta Indication on Thursday was that major Nigerian banks are in a state of panic as the new Central Bank of Nigeria (CBN) Governor Olayemi Cardoso moves to wield his regulatory oversight by scrutinizing the…

Maureen Aguta   The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the CBN Governor, Mr. Olayemi Cardoso, to process an inherited…

Maureen Aguta In what appears to be part of the International Women’s Day/Month celebration, the Board Directors of Zenith Bank Plc has announced the appointment of Dr. Adaora Umeoji as the Group Managing…

Maureen Aguta The Central Bank of Nigeria (CBN), commenced a Treasury Bills, T-Bills Primary Market Auction (PMA), on Wednesday. This is according to CBN’s latest T-BIlls schedule. At the PMA, existing T-Bills totalling…

Maureen Aguta Access Holdings Plc has announced Mr Aigboje Aig-Imoukhuede, Access Bank pioneer Group Chief Executive Officer (Group CEO), as its Non-Executive Chairman. Mr. Sunday Ekwochi, Company Secretary, Access Holdings,…

Maureen Aguta This was stated in a Goldman Sachs report entitled “Nigeria- Turning the Corner.” The report stated that the forecast was hinged on a combination of positive real rates, capital inflows, and evidence…

Maureen Aguta   Amid an ongoing regulatory conflict in Nigeria, Binance has announced the discontinuation of all services involving the country’s fiat currency, the naira. Starting March 8 at 8:00 a.m. UTC, Binance will…