CBN policies paying off as Naira exchange rate post best gain in 6 weeks
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CBN policies paying off as Naira exchange rate post best gain in 6 weeks

Webby - March 22, 2024

The exchange rate between the Naira and the Dollar strengthened to N1,431/$ on Friday, March 22, 2024, closing the week on a positive note. Data from the…

Naira consolidates gains against dollar at official, parallel market
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Naira consolidates gains against dollar at official, parallel market

Webby - March 22, 2024

The Nigerian currency, the naira continued its appreciation at the official market on Thursday, March 21, 2024 to close at ₦1,453.28/$1, data from the Nigerian Autonomous Foreign…

FBN Holdings appoints 5 directors as Otedola takes over as Chairman
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FBN Holdings appoints 5 directors as Otedola takes over as Chairman

Webby - March 22, 2024

The Board of First Bank Nigeria, FBN Holdings Plc has appointed Femi Otedola, as it announced the appointment of five new directors. The Company disclosed this in…

Meet Nigerian women leading top banks as MDs, CEOs
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Meet Nigerian women leading top banks as MDs, CEOs

Webby - March 22, 2024

With the appointment of Adaora Umeoji as the first female Group Managing Director/CEO of Zenith Bank Plc, the number of women leading Nigerian banks have risen to…

Naira appreciates at parallel market as speculators sell at N1400/$1
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Naira appreciates at parallel market as speculators sell at N1400/$1

Webby - March 20, 2024

Parallel market operators are quoting a buy price of N1400/$1 for holders of dollars looking to sell, marking a significant strengthening of the naira. Checks reveal that…

Tinubu’s Special Investigator, Jim Obazee Requests Over N2Billion From Central Bank Governor As Apex Bank Officials Raise Concerns
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Tinubu’s Special Investigator, Jim Obazee Requests Over N2Billion From Central Bank Governor As Apex Bank Officials Raise Concerns

Webby - March 19, 2024

In the letter dated December 22, 2023, Obazee requested funds for surveillance, vetting, security, addressing black spots, monitoring hotels, and acquiring vehicles. A letter addressed to the…

Naira trades below N600 to a dollar at official market
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Naira trades below N600 to a dollar at official market

Webby - March 19, 2024

The Nigerian naira appreciated slightly at the official market to close at N1,597.34/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) has shown. This represents an…

NDPC probes alleged privacy breach at NIMC
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NDPC probes alleged privacy breach at NIMC

Webby - March 18, 2024

The Nigeria Data Protection Commission (NDPC) said it has launched an investigation into an alleged privacy breach on the data of Nigerians through the National Identification Number…

Customs exchange rate for cargo clearance drops to N1593/$
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Customs exchange rate for cargo clearance drops to N1593/$

Webby - March 18, 2024

The exchange rate for cargo clearance has dropped to N1593.41/$ from N1612.28/$ recorded last week representing a drop of about N18.87. Last week, the CBN through the…

Breaking: MainOne Gives Positive Update On Internet Services
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Breaking: MainOne Gives Positive Update On Internet Services

Webby - March 16, 2024

A major internet provider for most of Nigeria commercial banks and internet service providers (ISPs), MainOne, which suffered a major submarine cut that knocked major banks offline,…