President Mohammadu Buhari has urged the banking industry to develop innovative products and services in line with global best practices in order to meet the growing expectations of their customers for best, real-time services. The President gave the advice on Tuesday at the 15th Annual Banking and Finance Conference with the theme ‘Repositioning the Financial […]
The African Development Bank’s (AfDB’s) Acting Chief Economist and Vice President, Prof. Kevin Urama, has said that Africa is losing between five percent to 15 percent of its Gross Domestic Product (GDP) per capita growth to climate change and its negative impacts on the countries in the continent. Urama, was quoted in a statement posted […]
The Naira marginally appreciated in value as it traded at N705 to a US dollar on Tuesday at the parallel market, which represents a 0.14% appreciation from N706/$1 it traded the previous trading day. Similarly, it also recorded 0.14 percent appreciation at the cryptocurrency peer-to-peer (P2) FX market, traded at N704.5/$1 on Tuesday morning, as […]
The Federal Competition and Consumer Protection Commission (FCCPC) has projected to generate N14.3 billion revenue in the 2023 fiscal year. The commission’s Director General, Mr. Babatunde Irukera, made this projection Monday during a public hearing on the 2023-2025 Medium Term Expenditure Framework/Fiscal Strategy Paper (MTEF/FSP) organized by the House of Representatives Committee on Finance in […]
Transactions on the Nigerian Exchange on Monday opened on a negative note, as sell-off was witnessed across major market sectors pulling the bourse’s All Share Index (NGX ASI) and the its capitalization decreased by 0.14%, while the Year-to-Date (YTD) return stood at 16.17%. Available information provided by the market managers indicated that the All Share […]
The Group Managing Director of the Nigerian Exchange Group Plc (NGX Group), Mr. Oscar Onyema, has said that the agricultural sector holds huge potential for Nigeria in terms of generating the much-needed foreign exchange for sustainable development of the country. Onyema, who made this remark at the 26th Annual Chartered Institute of Stockbrokers’ conference held […]
Nigeria’s national currency – Naira – exchanged at N706/$1 on Monday morning, indicating 0.28% appreciation compared to N708/$1 it exchanged per dollar on Friday. According to information obtained from black market operators on the trading trend in the parallel market by our correspondent, the Naira, however, declined marginally against the US dollar at the official […]
Investment analysts at Bancorp Securities Limited, one of Nigeria’s economic research and investment consulting firms, have projected that trading in the nation’s equities market will be mixed this week as more actions of listed corporate entities will dominate the trading sessions. For instance, the experts hinged the firm’s forecast about the mixed sentiment partly on […]
The Nigerian Communications Commission (NCC) has partnered the Nigerian Security and Civil Defence Corps (NSCDC) to tackle some of the criminal activities bedeviling the telecom industry, such as telecom equipment vandalism and fraudulent registration of Subscriber Identity Module (SIM) cards among others. The Executive Vice Chairman of NCC, Prof. Umar Danbatta, who addressed a gathering of senior […]
The Securities and Exchange Commission (SEC) Nigeria has said that the operationalization of Crowdfunding will accelerate the Financial Inclusion agenda in Nigeria, while increasing the quantum of investible funds by unlocking the untapped capital in the economy. The Executive Commissioner Operations SEC (Nigeria), Mr. Dayo Obisan stated this at a webinar with the theme ‘Accelerating Financial […]