Zenith Bank Records N346bn Gross Earnings In Six Months
Zenith Bank Plc has declared gross earnings of N346 billion for the half year ended June 30, 2020. This is contained in the bank’s audited results presented to the Nigerian…
Dollar Holds Tight Ahead Of Key U.S. Jobs Data
The dollar steadied against major currencies on Friday as traders awaited key U.S. jobs data that will shed light on the strength of economic recovery from the coronavirus outbreak. The…
Loan: Expert Advices CBN On Single Digit Interest Rate
A financial expert, Dr Samuel Nzekwe, has urged the Central Bank of Nigeria (CBN) to intensify efforts in reducing interest rate charged on loans, by deposit banks, to a single…
Naira Gains 9.7% At Parallel Market
THE naira appreciated on the parallel market on Tuesday. It gained 9.65 per cent against the dollar. Forex traders attributed the appreciation of the currency to Central Bank of Nigeria’s…
CBN Grants 9mobile Service Payment Bank License
9PSB (Payment Service Bank), a subsidiary of 9Mobile, says it has been granted approval by the Central Bank of Nigeria to commence operations in the country. 9mobile, in a statement…
Shareholders Urge Collaboration To Tackle Unclaimed Dividends
Shareholders on Monday called for collaboration of capital market operators involved in the e-dividend value chain to tackle the high rate of unclaimed dividends in the market. The shareholders in…
Nigeria’s Economy Drops By 6.10% In Three Years
By Olamilekan Alani The National Bureau of Statistics, in its GDP report for Q2 2020, said on Monday that the decline was largely attributable to significantly lower levels of both…
Naira Strengthens Against Dollar
Barely 24 hours Naira was forced to a downward trajectory by dollar scarcity it bounced back, closing at N477 to a dollar at the parallel market in Lagos. The Pound…
Fund BDC To Stabilise Naira, Sanusi Tells CBN
TO protect the naira, the Central Bank of Nigeria (CBN) must fund Bureau De Change (BDC) segment of the foreign exchange . Former CBN Governor and one-time Emir of Kano…
Reps uncover abandoned power projects worth over N156bn
Reps uncover abandoned power projects worth over N156bn Akinleye Archie, Kano The Federal House of Representatives, in it’s oversight function, has uncovered many power projects, put together at the cost…
