Money Archives - Page 3 of 21 - DAILY TIMES Nigeria

Bayelsa PDP Primaries: Chairman raises alarm over allege fake bank alerts to delegates

Ihesiulo Grace 3 September 2019 0

…Fingers two aspirants as brain behind alert Patrick Okohue Ahead of today’s governorship primary of the Peoples Democratic Party (PDP) in Bayelsa State, chairman of the party in the state, Hon. Cleopas Moses has raised the alarm over fake bank alerts being sent to some delegates. In a

Banking Business Money Money

Naira gains as CBN’s interventions hit $13bn in 1yr

Ihesiulo Grace 3 September 2019 0

Temitope Adebayo The Nigeria’s local currency, Naira, at the Investors and Exporters (I&E) FX window has appreciated by 0.06 per cent to close at N362.73 to the US Dolar, even as the volume of the Central Bank of Nigeria’s (CBN’s) interventions in the retail secondary market intervention sales (SMIS) hit the sum of $13 billion […]

Business Money Money

Forex: Naira gains marginally at official, parallel markets

Ihesiulo Grace 23 July 2019 0

…As traders eagerly awaiting outcome of MPC meeting today Motolani Oseni The Nigerian currency, Naira at the close of yesterday trading activities strengthened against the US Dollar at both the official and unofficial foreign exchange markets. This is even as activities at the market on Monday remained slow, due to the anticipation of the likely […]

Banking Business Money Money

2019 PWM: Fidelity Bank clicks Best Digital Networking Bank award

Ihesiulo Grace 12 July 2019 0

Temitope Adebayo Fidelity Bank won the ‘Best Digital Networking Bank For Entrepreneurs, Africa 2019’ at 2019 PWM Wealth Tech Awards held in London, United Kingdom (UK) recently. Organised by Professional Wealth Management (PWM), a Financial Times publication, the awards celebrate excellence in wealth management technology. According to the organizers, technology and

Banking Business Money Money

CBN limits top 4 commercial banks deposits to boost lending- Analysts

Ihesiulo Grace 12 July 2019 0

Motolani Oseni As part of efforts to reduce access to its Standing Deposit Facility (SDF), a group of analysts at ARM research have said the Central Bank of Nigeria (CBN) is limiting the top four Tier 1 commercial banks access to its facility. The apex bank had issued a circular, stressing that, “remunerable daily placements […]

Business Headlines Money

Zenith Bank’s Non-Performing Loans rise to 4.7% in 2017

Ihesiulo Grace 13 March 2018 0

Due to poor state of the power sector and dwindling global oil prices, Zenith Bank Plc has reported an increase of 1.68 per cent of Non-Performing Loans (NPLs) to record 4.7 per cent bad loans in financial year ended December 31, 2017. The lender had reported 3.02 per cent of N71.37 billion bad loans in […]

Money

Heritage Bank extends agric campaign to Lagos-Kano Summit

Ihesiulo Grace 7 March 2018 0

Heritage Bank Plc, has taken its campaign for concerted efforts for the growth of agribusiness and commerce in Nigeria to another level as it wants the bilateral agreement signed by Lagos and Kano States to provide for a Commodity Exchange. The two states signed the Memorandum of Understanding (MoU) at the Lagos-Kano Economic and Investment […]

Money

Nigeria’s February inflation rate may slow to 14.31% -FSDH

Ihesiulo Grace 5 March 2018 0

Analysts at FSDH Research have predicted 14.31 per cent in inflation rate in February 2018 from 15.13 per cent announced earlier this year by the National Bureau of Statistics (NBS). They explained that the expected decrease in the inflation rate is largely attributable to the base effect of previous year. “In addition, we note the […]

Money

Naira strengthens as investors lifted FX market with $10bn

Ihesiulo Grace 5 March 2018 0

The Naira, at the close of trading week strengthened against the US Dollar at the Central Bank of Nigeria (CBN) spot market, Investors & Exporters Foreign Exchange (I&E) FX window and the parallel segment of the forex market, findings by The Daily Times findings has showed. In the first two months of this year, the […]

Business Headlines Money

Again external reserves rise, hit $42.35bn

Ihesiulo Grace 5 March 2018 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 […]