Money and Capital market

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…

Maureen Aguta   The Bank of Ghana has suspended the Foreign Exchange Trading Licences of the subsidiaries of Guaranty Trust Bank Ghana Limited (GTB) and FBN Bank Ghana Limited (FBN), effective March 18, 2024, for one (1)…

Maureen Aguta   The Guaranty Trust Bank (GTB) is enmeshed in alleged data breach, necessitating its probe by the Nigeria Data Protection Bureau. The Bureau commenced investigation into allegations of data breach by two…

Maureen Aguta Nigeria's naira dropped to a record low against the dollar on the official market on Tuesday, FMDQ Exchange data showed on Wednesday, slipping below rates on the unofficial parallel market in intra-day…

Maureen Aguta   In apparent reflection of the dollar scarcity plaguing the economy, the Naira on Monday recorded its biggest fall in the official Nigerian Foreign Exchange Market (NAFEM) where it depreciated by 24 per cent…