Money

Cbn

Nigeria Loses $482 million From External Reserves In One Month

Nigeria’s external reserves dipped by $482.18m from N45.14bn as of July 8 to $44.65bn as of August 8, latest statistics from the Central Bank of Nigeria have shown. The reserves which had maintained a steady rise in recent months has started suffering decline. A research by FSDH according to The Punch, noted in its monthly […]

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CBN Gets Buhari’s Directive to Stop Forex for Food Imports

The Central Bank of Nigeria (CBN) has been directed byPresident Muhammadu Buhari to stop providing foreign exchange for importation of food into the country in a bid to ensure Nigeria attains food security. A statement yesterday by a presidential spokesman, Mallam Garba Shehu, quoted Buhari as telling All Progressives Congress (APC) governors, who came to […]

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Zenith500

Zenith Bank, Cross River Collaborate on Agricultural Revolution

A partnership has been established between Zenith Bank and the Cross River State government and towards the industrialisation of the state through its agricultural value chain policy, which is aimed at complimenting efforts by Governor Ben Ayade. This followed a visit by the management of the bank led by its Group Managing Director and Chief […]

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World Bank Investments portfolio in Nigeria now $11bn

The World Bank has disclosed that its net portfolio commitment into Nigeria currently stands at over $11 billion, with 30 operational projects in all the states of the federation. The disclosure by the bank’s Country Director for Nigeria, Mr. Rachid Benmessaoud, coincided with the call by Governor of Kaduna State, Mallam Nasir El- Rufai, on […]

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Ebenezer Onyeagwu

ZENITH BANK LAUNCHES HIGH INTEREST-YIELDING TARGET SAVINGS ACCOUNT -UPGRADES MOBILE BANKING APPLICATION

Foremost Nigeria’s financial institutions, Zenith Bank Plc, has introduced a high interest-yielding target savings account named “SAVE4ME”, which enables customers plan and save towards their aspirations and needs conveniently. The new product is designed to support flexible savings for predetermined purposes such as asset acquisition or even marriage, and offers a higher interest rate than […]

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Uba Promo

UBA rolls out 20 more Wise Savers Promo Millionaire Customers, With N30m Doles Out In 3rd Draw

Pan African financial institution, United Bank for Africa (UBA) Plc, has yet rewarded another 20 customers who have emerged winners in the third quarterly draw of the UBA Wise Savers Promo winning N1.5 million each, bringing the total amount won so far by 60 customers to N90 million. The electronic raffle draw, which was held […]

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SMEDAN, MFBs Seek Ways To to Ease Bottleneck To Loans

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has introduced One Local Government One Product (OLOP) in order to ease access to loans from the Central Bank of Nigeria (CBN) for Small and Medium Enterprises (SMEs) in Northwest region of Nigeria. Speaking at the signing of Memorandum of Agreement with Candidates of Cooperatives […]

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Heritage Bank, Afreximbank, Zamfara Sign $1billion Deal

Heritage Bank Plc, the African Export Import Bank and Zamfara State Government have signed a $1billion Memorandum of Understanding (MoU) agreement in the areas of mining, agriculture, water resources and others, which the bank is the banker to the project. Another financial handler involved in the signing of the MoU was PAC Capital Limited, which […]

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Emeka Emuwa

Union Bank Profit Growth continued In Half Year 2019 Medinat Ajibola

Nigeria’s major Financial institution, Union Bank of Nigeria Plc, has released its unaudited financial statement for the period ended June 30, 2019, which showed a sustained growth in profits. The result showed that the group profit after tax rose in the period by 3 percent from N11.5 billion in 2018 to N11.9 billion in the […]

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Ebenezer Onyeagwu

Zenith Bank New GMD Onyeagwu, Assures of Consolidation of Gains

The Group Managing Director of Zenith Bank Plc, Ebenezer Onyeagwu, has said that with him in the saddle as new CEO, the bank will continue with the tradition and vision of excellence o the founding father Jim Ovia, which has led to several gains for the bank, in financial industry in Nigeria. The Zenith Bank’s […]

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Heritage Bank’s N2 billion loan boost Triton’s foods export to Europe, Africa countries

Blaise Udunze Tue, Jun 18, 7:45 PM to me, a2uhamtus, enigeriareports, bolaji.ayodele, faithinegbes, Metronewsnigeria, theelitesnigeria, mikeangelo_14, icampusng, sirolatunji, rotimisulyman, tundemoshood, peterobiora, roverscity, theicon, porscheclassymedia, aaloba, africabl, ikemokuhu, goddie2fose, dapoolaniyan, brandinfonigeria, oluwafemidosu, b.olowosagba, nadedokun, olakanmiadegboye, dailymailnigeria, bankoledamilare, tijanioluwamayowa, seegunadeleye, gobignews, kanbitoon, akinwalefunsodonly1, editor, newsverge, Julia, julia2com, adelowokandave, gkaynews, gkayb2, brandarena.blog, babslekan01, lekan.babatunde, babslekan01, perfectoptions, peterajones90, lukmon_akintola, […]

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A trader changes dollars with naira at a currency exchange store in Lagos

Naira gains against USD, closes at ₦358 at parallel market

The Naira on Friday gained ₦1 to close at ₦358 to the dollar at the parallel market in Lagos. The News Agency of Nigeria (NAN) reports that the naira traded stronger on the eve of elections than Thursday when it closed at ₦359 to a dollar. The Pound Sterling was sold at ₦470 and the […]

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