Nigeria’s five-year naira futures slide past 550 after CBN weakens currency as stocks jump 1.28%

Nigeria’s five-year naira futures slide past 550 after CBN weakens currency as stocks jump 1.28%

Godwin Emefiele, Governor, Central Bank of Nigeria. ABUJA, May 7 (Reuters) – Nigeria’s five-year naira futures slid past 550 to the dollar on Thursday after the Central Bank weakened the currency on the derivatives market across maturities, traders said. The apex bank weakened the currency on average by 73 naira across tenors, traders said, with the one-year maturity revised by 27 naira. The 5-year naira future weakened to 569 per dollar, traders said, from 413…

Read More

IVF: Access Bank commits to treatment financing for women, partners UCH

IVF: Access Bank commits to treatment financing for women, partners UCH

An Analysis By Vivian Ihechu The World Bank indicator estimates the fertility rate in Nigeria to be 5.5 as at 2017, meaning that an average Nigerian woman can have at least five children in her life time. https://data.worldbank.org/indicator/SP.DYN.TFRT.IN?locations=NG Another indicator, Knoema, says the total fertility rate for Nigeria as at 2019 stood at 5.32 (children per woman), a gradual decline from 6.47 children per woman in 1970 to 5.32 children per woman in 2019. While…

Read More

Experts seek elimination of multiple tax audits to boost economy

Experts seek elimination of multiple tax audits to boost economy

Nigerian Stock Exchange. By Chinyere Joel-Nwokeoma/Itohan Abara-Laserian Capital market experts today, Wednesday, November 27, 2019 called on the Federal Government to ensure the elimination of multiple tax audits to boost investment in the nation’s economy. They made the call at the Sixth Triennial Delegates Conference organised by the Independent Shareholders Association of Nigeria (ISAN) held in Lagos. The News Agency of Nigeria (NAN) reports that the theme of the conference is “Elevating the Nigerian capital…

Read More

Mrs. Okowa frowns at Orphanages that sell children, presents food to 45 homes in Delta

Mrs. Okowa frowns at Orphanages that sell children, presents food to 45 homes in Delta

Dame Edith Okowa, Delta First Lady, and Founder O5 Initiative. Caregivers who are operating orphanage homes, but who wickedly turn them into cartels for selling the children they are supposed to care for have been admonished to stop the evil act or face the consequences. Wife of the Governor of Delta State and Founder of O5 Initiative, Mrs. Edith Okowa gave the warning and advise today in Asaba on the occasion of the World Orphans’…

Read More

Emefiele unveils 5-year plan for CBN

Emefiele unveils 5-year plan for CBN

Godwin Emefiele, CBN Governor. The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says he will bring inflation to single digit within the next five years. Emefiele made the promise in Abuja today, Monday, June 24, 2019 during a press briefing on his policy road map in his second term. The News Agency of Nigeria (NAN) reports that the inflation rate dropped to 11.4 per cent as at May. He said that CBN, under…

Read More

Emefiele begins the second tenure as CBN Governor

Emefiele begins the second tenure as CBN Governor

Mr. Godwin Emefiele, taking oath of office for 2nd term as CBN Governor. By Racheal Ishaya Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), on Monday began his second tenure, following the confirmation of his re-appointment by the Senate on May 16. According to a statement by the Director Corporate Communications, Mr Isaac Okoroafor, Emefiele was sworn in by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs Alice Karau. Emefiele after…

Read More

Emefiele’s reappointment will stabilise naira, economy, say CSOs

Emefiele’s reappointment will stabilise naira, economy, say CSOs

Godwin Emefiele, CBN Governor. By Emmanuel Afonne The Empowerment for Unemployed Youth Initiative on Saturday applauded the reappointment of Mr Godwin Emefiele for a second tenure as Governor of the Central Bank of Nigeria, describing it as a “timely economic masterstroke” of the present government. The group alongside 17 other Civil Society Organisations (CSOs) stated this on Saturday in Abuja, through its National Coordinator Solomon Adodo, after assessing youth empowerment programmes under the President Muhammadu…

Read More

Beware! SEC warns Nigerians against trending ponzi scheme

Beware! SEC warns Nigerians against trending ponzi scheme

Mary Uduk, acting Director General of SEC. By Lucy Ogalue The Securities and Exchange Commission (SEC) has warned Nigerians against fraudsters currently running an online investment scheme tagged “Loom Money Nigeria’’. Acting Director-General of the commission, Ms Mary Uduk gave the warning at a news conference on Thursday in Abuja. A statement by SEC’s Head of Media, Mrs Efe Ebelo, said that Uduk, who was represented by acting Executive Commissioner, Operations of SEC, Mr Isyaku Tilde,…

Read More

Okowa hails Emefiele’s reappointment as CBN Governor, congratulates Egbemode on her re-election as NGE president

Okowa hails Emefiele’s reappointment as CBN Governor, congratulates Egbemode on her re-election as NGE president

Mr. Godwin Emefiele. Mrs. Funke Egbemode. Delta State Governor, Senator Ifeanyi Okowa, today, Thursday 9/5/2019 congratulated the Governor of the Central Bank of Nigeria, (CBN), Mr. Godwin Emefiele, on his reappointment for another term in office. The Governor has also congratulated Mrs Funke Egbemode on her re-election as the President of the Nigeria Guild of Editors (NGE) during the guild’s 13th annual conference in Lagos. In separate congratulatory messages issued in Asaba, by his Chief…

Read More

  Zenith Bank posts, N50.234b after tax profit for first quarter, to consolidate leadership on position

  Zenith Bank posts, N50.234b after tax profit for first quarter, to consolidate leadership on position

Zenith Bank Plc has recorded a profit after tax of N50.234 for the first quarter ended March 31, 2019, saying its market dominance remained linked to improved profitability. The bank’s unaudited financials for the first quarter ended March 31, 2019, released on the Nigerian Stock Exchange (NSE) showed a growth of 6.7 per cent in its profit after tax from N47.079 billion in Q1, 2018 to N50.234 billion, while earnings per share stood at N1.60,…

Read More
1 2 3