Category Archives: Finance

Naira In Trouble…Falls To Over N400 Due To Dollar Scarcity

The economy is not smiling on Nigerians. The naira tumbled further to 402 at the parallel market on Wednesday, a day after the CBN banned nine banks from the foreign exchange market over failure to remit $2.334bn to FG’s Treasury

I Can Make Billions Via Forex Without Sweat Sitting In My Palace – Says Emir Sanusi

KANO—THE Emir of Kano, Alhaji Muhammad Sanusi, Wednesday, urged the Federal Government of Nigeria to emulate Lagos State that had shown how the economy can develop without relying on a commodity to avoid the pitfalls of last administration.

Law Union and Rock Woos Foreign Investors for Capital

Law Union and Rock Insurance Plc is wooing foreign investors to inject capital into the firm to make it be among the top five in the country, the new Chairman of the company, Remi Babalola has said. He made this

FG Plans Automation of Insurance Premium

If plans by the Minister of Finance, Mrs Kemi Adeosun, to deplore the use of technology to monitor vehicles in the country succeeds, motorist will be automatically charged insurance premium for third party motor policy, The Nation has learnt. Commissioner

CBN Governor Godwin Emefiele Cries Out?

A source shared this interesting info and calls it CBN Governor Godwin Emefiele’s Report: “It is either I do not understand economics and how exchange rates work or a vast majority of us Nigerians still don’t get how we have

N80bn Unclaimed Dividends: Banks, Registrars to Appoint e-dividend Champions- SEC

As part of measures to address the rising trend of unclaimed dividends in the nation’s capital market, which has hit the N80 billion mark, banks and registrars have been mandated by both the Central Bank of Nigeria, CBN and the

Bureaux de Change Can Now Access $50,000 from Banks Weekly – CBN

ABUJA—The Central Bank of Nigeria (CBN) has raised the amount of foreign exchange that Bureaux de Change (BDCs) can access from banks to $50, 000, per week. It was pegged at $30, 000,penultimate week. The decision to raise the bar

CBN Set To License New Money Transfer Operators

The Central Bank of Nigeria (CBN) is considering licensing new International Money Transfers Operators (IMTOs) to join three certified operators – Western Union, MoneyGram and Ria, it was learnt yesterday. Industry sources said the apex bank is receiving new applications

Naira Strengthens Against Dollar, Exchanged at N490 To $1

The Naira on Wednesday appreciated against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports. The Nigerian currency on Wednesday afternoon gained 5 points to exchange at N490 to the dollar, from N495 it traded on

Access Nigeria Bank launches New App That Requires No Smartphone To Operate

LAGOS – Yesterday, at the Civic Centre, Victoria Island, Lagos, Access Bank Nigeria Plc. relaunched its PayWithCapture platform with a host of refreshed features. The latest iteration of the app is called PayWithCapture 5.0 and it boasts a host of

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