Sunday, September 25, 2022
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Tag "cbn"

Rising debts, finance cost keep Flour Mills’ profit flat at N5.5bn in Q1

    Rising debts, finance cost keep Flour Mills’ profit flat at N5.5bn in Q1

Flour Mills of Nigeria Plc piled up balance sheet debts to over N322 billion as interest rates headed upwards in the Central Bank’s inflation-curbing policy thrust. Within the three months

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Fidelity Bank to acquire Union Bank UK

    Fidelity Bank to acquire Union Bank UK

Fidelity Bank Plc says it has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc. The bank said this in a corporate filing

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Again, naira crosses N700/$ mark at parallel market

    Again, naira crosses N700/$ mark at parallel market

The naira has continued its downward trend, falling to N702 per dollar at the parallel market on Monday. The figure represents N10 or 1.4 percent depreciation compared to the N692

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‘We want orderly exit of funds’ — CBN releases $265m to prevent aviation sector’s collapse

    ‘We want orderly exit of funds’ — CBN releases $265m to prevent aviation sector’s collapse

To halt the crisis in the aviation sector, the Central Bank of Nigeria (CBN) says it has released $265 million to airlines operating in the country to settle outstanding ticket

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CBN, stakeholders advocate digital literacy to improve financial inclusion

  CBN, stakeholders advocate digital literacy to improve financial inclusion

The Central Bank of Nigeria (CBN) and other stakeholders have urged financial institutions to consider intensifying digital literacy and collaborations

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CBN unveils USSD code for eNaira transactions

  CBN unveils USSD code for eNaira transactions

The Central Bank of Nigeria (CBN) has unveiled the unstructured supplementary service data (USSD) code for the eNaira to enhance

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eNaira USSD code, Nigeria’s energy transition plan… 7 top business stories track this week

  eNaira USSD code, Nigeria’s energy transition plan… 7 top business stories track this week

Here are the seven top business news you need to track this week — August 22 to August 26 NIGERIA’S

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Naira drops to N680/$ at parallel market despite EFCC’s clampdown

  Naira drops to N680/$ at parallel market despite EFCC’s clampdown

The naira, on Wednesday, weakened against the dollar at the parallel section of the foreign exchange market. Bureaux De Change

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Falana: FG ignoring governors’ advice on economy — NGF must take action to prevent recession

  Falana: FG ignoring governors’ advice on economy — NGF must take action to prevent recession

Femi Falana, human rights lawyer and senior advocate of Nigeria (SAN), has accused the federal government of ignoring the advice of

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Nigerians must avoid FX speculators to save naira, says CBN

  Nigerians must avoid FX speculators to save naira, says CBN

The Central Bank of Nigeria (CBN) says Nigerians must avoid dealing with speculators in the foreign exchange (FX) market to

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