FirstBank, GTBank, others increase Dollar spending limits on Naira cards
First Bank of Nigeria Limited, Guaranty Trust Bank, Ecobank Transnational Inc and First City Monument Bank (FCMB), among many other lenders, have increased the...
Diamond closes operations over Apapa fire
The Management of Diamond Bank and Sterling Bank in separate statement on Wednesday, have confirmed that there was a fire incident as a result...
Naira rebounds at official market, depreciates to 367.60/$ at NAFEX
The Nigerian currency, Naira, on Wednesday, rebounded at the official foreign exchange market to close 305.35 against 315 traded on Tuesday, while it depreciated...
Heritage Bank, Biase Plantations in N232m oil palm deal
Heritage Bank is partnering Biase Plantations Limited (BPL) and its joint venture partner, PZ Wilmar Limited, on a N232 million pilot phase of Out-growers.This...
Naira sustains gains as interbank rate rises by 4%
Stories by Motolani OseniThe Nigerian currency, Naira, during the week under review sustained gained points against the Dollar, while the nation’s interbank lending rate...
Sterling Bank: Estate developer lauds lending status
As Sterling Bank intensifies its commitments to retail real estate financing, Managing Director/Chief Executive, Crown Realities, Mr. Darl Uzu has extolled the lender for...
Naira holds steady at all segment, as dealers expect rates moderation
The Nigerian currency, Naira, on Wednesday, held steady in all segments of the foreign exchange market, closing at 305.90 to a dollar from 305.85...
CBN: Forex injection hits $798m in June
As part of effort to further close the gap between the official foreign exchange and the unofficial rates, the Central Bank of Nigeria (CBN),...
FG to raise N140bn, as Diaspora bond’s subscription hits 130%
The Federal Government today, June, 21, (Wednesday), would auction N140 billion ($460 million) in bonds, just as the Debt Management Office (DMO) announced the...
MfBs bemoan FX volatility on small businesses growth
Microfinance Banks (MfBs) are bemoaning the current economic recession and the lingering unstable or unpredictable foreign exchange trend as a great danger and huge...
