March 10, 2025
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Home Business Archive by category Money (Page 3)

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Again external reserves rise, hit $42.35bn

Ihesiulo Grace 0
…as CBN committed to build reserves amid $18.58bn FX intervention The Central Bank of Nigeria (CBN), has expressed its determination to continue building the nation’s external reserves, amid continuous injections of US Dollar into the official foreign exchange market. The apex bank between April and end of February, 2018, spent $18.37 billion in its weekly […]
Motolani Oseni
Money

Our future depends on our people – Ecobank MD

Ihesiulo Grace 0
The Managing Director, Ecobank Nigeria, Charles Kie has reaffirmed that the transformation agenda of the bank to be one of top three banks in Nigeria within the next few years is on course. He reiterated that Ecobank is investing in human capital to remain profitable and competitive. Also the bank is also enhancing its capital, […]
Motolani Oseni
Money

FG cautions ECOWAS over currency integration

Ihesiulo Grace 0
The Nigerian President, Muhammadu Buhari, has cautioned member countries of the Economic Community of West African States (ECOWAS) against forcing through the planned currency integration in the sub-region by 2020. President Buhari, who was represented by the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, issued the warning, during the 5th meeting of the
Money

Emefiele bags public service award

Ihesiulo Grace 0
The Governor, Central Bank of Nigeria (CBN) was conferred as the Public Service Award for 2017 at Sun Newspaper 15th Annual Awards ceremony that take place during the weekend. The Award, according to the Managing Director/Editor-in-Chief of the Sun Publishing Limited, Mr. Eric Osagie, was in recognition of current policies championed by the CBN’s Governor […]
Ecobank
Money

Ecobank MD speaks on bank’s giant strifes

Ihesiulo Grace 0
The Managing Director, Ecobank Nigeria, Charles Kie has reaffirmed that the transformation agenda of the bank to be one of top three banks in Nigeria within the next few years is on course. He reiterated that Ecobank is investing in human capital to remain profitable and competitive. Also the bank is also enhancing its capital, […]
Analysis Economy Headlines Money Money

Doomsday approaches: National Assembly stall NFIU decision, Nigeria credit ratings downgrade looming

Ihesiulo Grace 0
As concerns mount over the expulsion of Nigeria by the Egmont Group of Financial Intelligence Units next month, international credit rating agencies are mulling the downgrade of Nigeria’s credit ratings according to international risk analysts. Since reports surfaced that the Egmont group was going to expel the NFIU from the global body, the ratings agencies […]
Money News

Naira stables at interbank, other forex segments

Ihesiulo Grace 0
…As external reserves hit$42.8m The Nigerian currency, Naira, at the close of Thursday’s trading activities , stabled against the US Dollar and other major foreign currencies, at the official inter-bank market, as well at the unofficial market and other forex segments, checks by The Daily Times revealed. For instance, the Naira, at the Investors and […]
Money

Preventing gender violence: Diamond Bank partners WARIF

Ihesiulo Grace 0
As part of efforts in preventing gender violence in the country, Diamond Bank Plc, has partnered Women at Risk International Foundation’s (WARIF) initiative to prevent gender-based violence and abuse against women in Nigeria. The project which is aimed at educating secondary school girls between the ages of 13-16 years, will use specially designed curriculum that […]
cash
Money

Naira steadies across major foreign currencies

Ihesiulo Grace 0
The Nigerian currency, Naira, on Tuesday steadied against major foreign currencies at the official and unofficial foreign exchange markets, just as the Central Bank of Nigeria (CBN) on Monday injected $210 million into the interbank foreign exchange market The local currency, at the official Spot market, stabled at N305.90 per dollar, the same rate it […]