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- Written by Florence Ezeadigwo
The Central Bank of Nigeria (CBN) has announced the revocation of the licences of 132 Microfinance Banks, three Finance Companies and four Primary Mortgage Banks across the country.
The Central Bank of Nigeria (CBN) has announced the revocation of the licences of 132 Microfinance Banks, three Finance Companies and four Primary Mortgage Banks across the country.
Naira on Monday depreciated against the dollar, exchanging at N463.50 at the Investors and Exporters window.
Veritas Kapital Assurance Plc., on Monday reported that its Gross Premium Written (GPW) grew by 45 percent, year-on-year to N2.08 billion in its first quarter unaudited financial statement.
OPEC Secretary–General, Haitham Al Ghais on Monday said that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth.
The Federal Government has said that poor access to credit especially for small and medium enterprises was contributing in stifling Nigeria’s economic growth.
Chinese company, Shandong Nanshan, is planning to transform its alumina plant in Indonesia into an aluminum manufacturing complex worth $6 billion by 2028.
The Naira depreciated against the dollar on Monday, exchanging for N464 at the investors’ and exporters’ window.
Peter Ryan, the Ambassador of Ireland to Nigeria, says one of the “natural areas” for more collaboration between his country and Nigeria is digital technology.
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 60 pips to 6.9114 against the dollar on Friday, according to the China Foreign Exchange Trade System.
The central parity rate of the Chinese currency renminbi or the yuan, strengthened 186 pips to 6.9054 against the dollar on Thursday, according to the China Foreign Exchange Trade System.
Guaranty Trust Holding Company Plc (GTCO) has recorded a Profit Before Tax (PBT) of N74.1 billion for the period ended, March 31.
Some financial experts have urged the Central Bank of Nigeria (CBN) to improve its payment system to enhance the speed of settlement transactions.
Some economic experts have urged the Central Bank of Nigeria (CBN) to print and circulate more new naira notes before the Dec. 31 deadline for the withdrawal of the old notes.