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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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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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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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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The naira has in over 18 months remained stable at both the official and parallel markets despite several odds facing it ahead of the 2019 general elections, President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji (Dr.) Aminu Gwadabe has said. Speaking to journalists in Lagos, the ABCON boss commended the Central Bank […]
Read More The Naira, yesterday, appreciated to ₦358 .5 per dollar in the parallel market. According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux de change Operators of Nigeria (ABCON), the parallel market exchange rate fell to ₦358 per dollar yesterday from ₦360 per dollar the previous week, indicating ₦2 appreciation for the […]
Read More The Naira, yesterday, depreciated to ₦364.41 per dollar in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window rose to ₦364.41 per dollar yesterday from ₦364 per dollar on Monday, translating to 41 kobo depreciation of the naira.
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In spite of the increasing risk to the naira exchange rate from declining crude oil prices, which dropped below $50 per barrel last week, consumers across the country expect the naira to appreciate in 2019. They, however, expect the inflation rate, interest rate and unemployment rate to rise in the New Year. Meanwhile, the Manufacturing […]
Read More The Naira, yesterday, appreciated to ₦364.93 per dollar in the Investors and Exporters (I&E) window due to a 58 percent rise in the volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦364.93 per dollar yesterday from ₦364.96 per dollar on Tuesday, translating to three kobo […]
Read More The Naira, yesterday, appreciated to ₦364.96 per dollar in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦364.96 per dollar yesterday from ₦365.23 per dollar on Monday, translating to 27 kobo appreciation of the naira. Similarly, the naira yesterday appreciated by 10 kobo […]
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The naira appreciated slightly against the United States dollars across various segments of the foreign exchange (forex) market yesterday on sustained supply of the greenback by the Central Bank of Nigeria (CBN). Specifically, on the Bureau De Change (BDC) segment, the local currency strengthened by 0.82 per cent to close at ₦361 to a dollar, […]
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