Motolani Oseni

Fixed income, forex markets hike by N3trn in one month

Transaction turnover in the Nigeria’s fixed income and currency markets have increased by a total sum of N3.13 trillion in June while compared to...
Motolani Oseni

Ecobank introduces Mobile Xpress Cash cardless withdrawal

The Ecobank Group has upgraded its Mobile App to now offer Xpress Cash service. The Xpress Cash service allows customers access cash from Ecobank...

Naira slides to 489/$1 at parallel market

The  Naira yesterday depreciated marginally to close at 489 or 490 per US dollar, against N487 to a dollar it sold on Wednesday, with customers getting the higher...
investment

Forex scarcity to continue on weak FDI inflow – Report

Foreign exchange liquidity risk may remain high due to weak Foreign Direct Investment (FDI) inflows into the country, notwithstanding the nation’s efforts to diversify...

MPC outcome: Analysts want FG, CBN to develop how to manage economy in recession

Contrary to the belief that the Nigerian economy is heading towards recession, some financial analysts have said that the country is already in recession...
industry

Professionals urge quality credit data for improved financial industry

The promotion of effective credit risk operations through the deployment of quality and robust credit data management has been identified as the major critical...
Motolani Oseni

Financial inclusion: MfBs charges members on mandate to alleviate poverty in Nigeria

The National Association of Microfinance Banks (NAMB) says it will put measures in place to ensure members deliver the associations mandates, in order to...
Ecobank

Ecobank shuts 74 branches, switches to digital channels

The economic crunch in Nigeria is taking its toll on Ecobank Nigeria Limited, and to tackle this challenge, the lender has decided to shut...
Motolani Oseni

Naira steadies against dollar, euro, relapses to 488/£1 at parallel market

The Nigerian currency, Naira, remained steadied against the US dollar and euro at the parallel market segment of the foreign exchange market, while relapsed...
Naira

Naira closes at 386/$1, as CBN injects $100m

The Naira, on Monday steadied at 386 per US dollar at the parallel market, as the Central Bank of Nigeria intervened with $100 million...