Category: Finance, Money

First Bank to explore opportunities in non-oil export

First Bank of Nigeria Ltd has announced plans to explore opportunities in the non-oil export solutions to enhance the country’s economic diversification drive. A...

Chinese yuan strengthens to 6.3936 against USD

The central parity rate of the Chinese currency renminbi, or yuan, strengthened 44 pips to 6.3936 against the U.S. dollar on Friday, China Foreign Exchange Trade System...

eNaira app records 600,000 downloads

Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), said that in less than four weeks, the eNaira app had witnessed almost 600,000 downloads since its launch in...

CBN to set-up Finance centre in Eko Atlantic City

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said that the apex bank would establish an International Financial Centre at the Eko Atlantic...

SEC frowns at resurgence of Ponzi schemes

The Securities and Exchange Commission (SEC) has frowned at the resurgence of Ponzi schemes and illegal fund managers in Nigeria’s financial sector. The...

Fraud in banking sector, mostly insider instigated

The EFCC declared in Abuja on Wednesday that most frauds in the banking sector were perpetrated by insider Information, Communication Technology (ICT) employees. Mr...

Nigeria’s non-oil revenue grew above target by 15.7%

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that Nigeria’s non-oil revenue grew to N1.15 trillion, representing 15.7 per cent above...

Why we introduced N100bn IBTC infrastructure fund — CEO

Dr Demola Sogunle, Chief Executive Officer of Stanbic IBTC Holding Plc, has said that the bank established a N100 billion fund to help close the infrastructure gap in...

FIRS sees digital technology key to improving revenue generation

The Federal Inland Revenue Service (FIRS) says the deployment of digital technology is key to improving revenue generation, hence, the need to speed up digitalization of...

Federal, States, Councils share N671.9bn

The Federal Government, States and Local Government Councils (LGCs) on Wednesday, shared N671.910 billion as Federation Accounts Allocation Committee (FAAC) for October....

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