The equities market of the Nigeria Exchange Limited (NGX) opened for trading at N28.208 trillion Wednesday, but closed at N28.142 trillion, thereby losing N66 billion (at 0.23 per cent.) In the same vein, the NGX All-Share Index which was at 52,308.88 basis points at the beginning of trading ended at 52,186.52 basis points, signalling a […]
Winners and losers, as NGX equities market loses N66bn Read More »
Godwin Emefiele, governor of Central Bank of Nigeria (CBN), has said it is illegal to exchange naira for dollar. He urged politicians against engaging in the act. “As for those who want to buy sic take naira from their account to buy dollars because of the election. I want to warn not advice that it
Buying dollar with naira illegal – Emefiele Read More »
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised lending benchmark (interest rate) from 13 to 14 per cent. The decision, according to the committee, aims at tackling the rising inflation in the country. The inflation trend, as at June, reached a five-year high at 18.60 percent. This is the second
CBN tackles rising inflation by raising interest rate to 14 per cent Read More »
The African Development Bank (AfDB) Group has given a grant of $460,000 to the Securities and Exchange Commission (SEC). The grant is to enable SEC acquire an automated surveillance system meant to protect the capital market. The bulk of the funding agreement is expected to come from SEC itself. Lamin Barrow, the director-general, Nigeria Country
AfDB, SEC deploy $460,000 surveillance camera to protect capital market Read More »
The Nigerian naira on Monday crashed to a historic low at the parallel market, exchanging for N620 against the United States dollar at the exchange platform Aboki Forex. The figure represents a 0.8 percent depreciation from the N615 it traded the previous week. Although the Naira gained the dollar at the Investors and Exporters’ window, exchanging
Naira crashes to N620 per dollar Read More »
Zenith Bank will be holding its international non-export trade fair seminar on July 20, 2022 at the Civic Centre, Victoria Island, Lagos. Moreover, participants are to join virtuallly. The seminar, titled ‘Unlocking Opportunities in Nigeria’s Non-Oil Export Business’, aims at supporting the Central Bank of Nigeria’s (CBN) non-oil export initiatives. Expected at the seminar
Zenith Bank holds International Trade Affair seminar July 20 Read More »
Airtel Africa Plc outperformed its rival MTN at the combined market capitalization of stocks worth over one trillion (SWOOTs) in the preceding week. Airtel’s share price rose by 10.00%, thereby gaining N170 billion during the week. The telecom company’s share price grew from N1,732.20 to stand at N1,905.4 per share at the end of the
Airtel outperforms rival MTN at NSE Read More »
The United Bank for Africa (UBA) says customers who encounter failed or declined transaction would get refund in 24hours. UBA advises such customers to “simply slide in to have it resolved by Customer Fulfillment Center Team (CFC) immediately.” The information is obligatory to UBA and other banks, as the Central Bank of Nigeria (CBN) had
UBA promises 24hrs refund to customers in failed transaction Read More »
One of the ways to teaching your children financial independence in later life is encouraging them to save. By so doing, they learn to be prudent in money management. This article identified 6 commercial banks offering children savings account services. EARLY SAVERS ACCOUNT by Access bank *It is a savings account for children between ages
What you should know about children’s saving accounts Read More »
Twitter has sued the world’s richest man Elon Musk, asking that he be compelled to complete his plan to acquire the microblogging site. Musk had agreed to buy Twitter for $44 billion but he would later withdraw from the process, citing Twitter’s refusal to heed his request for ‘critical’ information. He, among other things, accused
Twitter sues Elon Musk for annulling acquisition plan Read More »
