Archives for MONEY MARKET - Page 158
Inflation reduces by 0.05% in April — NBS
The National Bureau of Statistics (NBS), says the inflation rate reduced by per cent in April compared to what obtained in March.’ It said while the inflation rate stood at…
N120b petrol subsidy to double as CBN adjusts exchange rate
As the Central Bank of Nigeria (CBN) signals a subtle harmonisation of exchange rates with the removal of N379/$1 official rate from its website, all is set for labour unions…
$1.24bn spent on food imports despite FG’s forex ban
Food products imports gobbled up $ of the foreign exchange supplied by the Central Bank of Nigeria from October 2020 to March 2021 despite the ban directive from the President,…
Free Zones Reform: Investors Threatens Divestment
Leading investors in Nigerian Free Trade Zones have threatened to commence divestment from the zones and have called on the board of Nigeria Export Processing Zones Authority(NEPZA) to summon a…
CBN disburses over N83.9bn loans to drug manufacturers – Emefiele
In an effort geared towards building a robust healthcare infrastructure, the Central Bank of Nigeria (CBN) said it has so far disbursed over billion in loans to pharmaceutical companies and…
Jaiz Bank’s gross revenue soars by 43 per cent to N5.99bn 2021 Q1
By Ngozi Onyeakusi--- Jaiz Bank Plc has reported a gross revenue increase of 43 per cent to in the first quarter of 2021 from in the corresponding period of 2020.…
Fitch affirms rating on FBN Holdings, First Bank
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of FBN Holdings Plc (FBNH) and its subsidiary, First Bank of Nigeria Ltd (FBN), at ‘B-’ with a Negative Outlook.…
E-payment transactions soars by 82% to N66trn 2021 Q1
Banks grow e-payment income by 51% to N53bn Accountmaintenance fees up 60% to By Babajide Komolafe & Elizabeth Adegbesan Nigeria’s financial system has recorded further surge in the value of…
N226bn real estate bad loans, source of worry to experts
Some experts have lamented the increasing non-performing loans in the real estate and construction industry. The Nigerian Bureau of Statistics in its latest report on selected banking sectors disclosed that…
Millionaires Emerge in UBA Savings Promo as 10 Customers win N1m Each
By Ngozi Onyeakusi--- Pan African financial institution, United Bank for Africa (UBA) Plc, has rewarded 10 of its loyal customers with a total sum of N10m in the quarterly draws…
