Archives for MONEY MARKET - Page 117
CBN Commences Payment Of N65 Rebate To Exporters
The Central Bank of Nigeria (CBN) is to begin payment of N65 rebate to exporters who sold their goods through the importers and exporters (I&E) window, at the end…
GTCO Shareholders Approve N3 Per Share Dividend
By Ngozi Onyeakusi--- Shareholders of Guaranty Trust Holding Company (GTCO) on Friday unanimously approved the payment of a total dividend of N3 per share for the financial year ended Dec.…
Address by CBN Governor on the Occasion of the InfraCorp Term Sheet Signing with Independent Asset Managers
Emefiele Ladies and Gentlemen, as your host for today, firstly, let me welcome you all to the Lagos branch of the Central Bank of Nigeria. As the Chairman of the…
INFRACORP APPOINTS DR. LAZARUS ANGBAZO FOUNDING CEO/MD
Dr. Lazarus Angbazo By Ngozi Onyeakusi---The Infrastructure Corporation of Nigeria (InfraCorp) has announced the appointment of Dr. Lazarus Angbazo as its founding Chief Executive Officer and Managing Director.…
Union Bank Launches Future-Forward Innovative Co-Creation Hub, SpaceNXT
…reiterates commitment to innovation and technological advancement in Nigeria Leading financial institution, Union Bank has launched a technological and innovation hub known as SpaceNXT. Built to promote innovation and encourage…
Nigeria’s imports rise by N12.11tn despite forex shortage
Between 2016 and 2021 Nigeria’s import bill rose from to of , according to the Central Bank of Nigeria and the National Bureau of Statistics data. This implies that…
Banks Borrowing from CBN Drop To N1.35 trillion In 2022 Q1
Banks borrowing from the Central Bank of Nigeria (CBN) dropped marginally by per cent to trillion in the first quarter of 2022 compared to trillion reported by the apex banking…
CBN warns of illegal firms promising outrageous returns
The Central Bank of Nigeria has warned the public to avoid dealing with unlicensed or illegal financial operators who lure and defraud unsuspecting members of the public with promises of…
CBN threatens banks for circulating mutilated notes
The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) against the practice of circulating composed banknotes which is part of their deposits with the apex bank. The…
Fidelity Grows PBT by 35.7% to N38.1bn for FY 2021
Fidelity Bank MD/CEO Nneka Onyeali-Ikpe By Ngozi Onyeakusi---Leading financial institution, Fidelity Bank Plc has recorded growth in Profit Before Tax for its 2021 financial year to close the year…
