A top commercial bank, Fidelity Bank Plc has reaffirmed its commitment to support the Central Bank of Nigeria’s (CBN) efforts to achieve its goal of $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years. The bank’s Executive Director, Northern Businesses, Hassan Imam spoke at a workshop for exporters and investors on the implementation and ...

President Muhammadu Buhari has inaugurated the first Central Bank of Nigeria (CBN) internet-enabled branch in Lafia Nasarawa State. Speaking about the building when the President broke away from his Nasarawa State visit to commission the building, CBN governor Godwin Emefiele said the new branch “is one of the nine new internet-enabled offices of CBN constructed to ensure central bank has ...

Some Nigerian banks have published the names, Bank Verification Numbers (BVN) and account numbers of customers who have accessed foreign exchange under false pretence and failed to return it. This development is coming after the Central Bank of Nigeria directed banks to expose customers who engage in fraudulent and unscrupulous tactics to obtain foreign exchange from banks. It was gathered ...

Nigerian President, Mohammadu Buhari  has called for balanced trade between the European Union and Africa According to him, agriculture exports to EU farmers has made African food exports uncompetitive. This was contained  in a statement by the Presidency after the just-concluded EU Africa summit. Buhari warned that Africa and EU must change the way they interact, emphasising that agriculture offers ...

Lagos State Internal Revenue Service (LIRS) is targeting N550 billion revenue to assist the government to transform the state. Director, Personal Income Tax, LIRS, Ayodele Adebayo, who spoke in Lagos yesterday, noted that there was an increasing population coming into the state, which required investment to expand and upgrade existing infrastructure. According to him, Lagos boasts an increase in population, ...

Zenith Bank Plc share price continues to surpass GTCO’s, as investors’ rally in and take position in the banks’ shareholding ahead of its FY 2021 result disclosure, hence. taking the price to N26.95 per share, compared to GTCO’s share price of N26.45. The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated ...

The National Bureau of Statistics (NBS) has said the average retail price of Household Kerosene fell by 6.60% in January 2022. It noted that the price declined from N467.97 in December to N437.11 in January. In its document titled: Household Kerosene Price Watch (January 2022,” the NBS said: “The average retail price per litre of Household Kerosene (HHK) paid by ...

First City Monument Bank (FCMB) is offering mortgage loans worth N75 million to simplify homeownership for Nigerians. According to a Central Bank of Nigeria (CBN) report, Nigeria requires about 700,000 housing units yearly for 20 years to accommodate the rising population, which is about 197 million. FCMB seeks to bridge the housing deficit through its unique homeownership value proposition. The ...

Aa a way of addressing  youth unemployment, Lagos State Employment Trust Fund (LSETF) and the Ministry of Economic Planning and Budget (MEPB) are set to hold their Second Employment Summit. The summit will hold from March 3-4, 2022 at Eko Hotel and Suites, Victoria Island, Lagos. It has as theme “Sustainable job creation strategies: Collective action and prosperity for all”. ...

The National Bureau of Statistics (NBS) on Tuesday said that the inflation rate decreased from 15.63 per cent in December 2021 to 15.60 per cent in January 2022. The Statistician-General of the Federation, Dr. Simon Harry broke the news to reporters in Abuja. Giving the summary, he said: “In summary and in attempt to make a comparison between the January, ...