The management of Keystone Bank Limited has appointed Hafiz Bakare as the bank’s Acting Managing Director/Chief Executive Officer. The new appointment followed the successful conclusion of the divestment of the...
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The Central Bank of Nigeria (CBN), on Tuesday slashed the rate at which it sells forex to Bureaux De Change (BDCs) in Nigeria to N360 and directed the BDCs to...
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A statement from the Central Bank of Nigeria (CBN) yesterday noted that banks are to sell dollar at N360 for travel allowances, tuition and medical fees. It further said that...
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Business seems bad for Bureaux De Change (BDCs) — no thanks to the naira’s new strength that has hit them with heavy losses. The naira has strengthened below N381 to...
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No fewer than 70 million generators have been imported into the country, the Chief Executive Officer, Consistent Energy Limited, Mr Segun Adaju, has said. Adaju said that shortatge of gas, which...
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Indications have emerged that Insurers’ Committee comprising the National Insurance Commission (NAICOM) and Chief Executive Officers (CEOs) of 58 insurance companies cannot raise N300 million for the industry’s rebranding project...
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The Naira recorded an appreciation of 12.36 per cent at the parallel market in the last one week, the News Agency of Nigeria (NAN) reports. NAN reports that the Naira...
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The demand for dollar by banks is now dropping across the country. For the first time since the dollar scarcity started, the Central Bank of Nigeria (CBN) on Friday recorded...
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The World Bank has approved a $200 million credit facility to further support Nigeria, in its efforts to enhance agricultural productivity of small and medium scale farmers. In a statement...
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New Delhi [India], Mar 22 (ANI): The Reserve Bank of India on Wednesday announced its Memorandum of Understanding (MoU) on "Supervisory Cooperation and Exchange of Supervisory Information" with the Central...
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