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Tuesday, June 28, 2022

REVEALED: How Former First Bank Workers Planned To Steal N20bn

Three former staff of First Bank of Nigeria plc are on trial for conniving with hackers to steal N20 billion from the financial institution....

CBN Released 723m To 1,779 Ogun Farmers In 2021

According to the Central Bank of Nigeria (CBN), the Abeokuta branch, 1779 farmers in Ogun State benefitted from agricultural loans in 2021. Wahab Oseni, the...

Dollar To Naira Exchange Rate Today (Thur. June 23, 2022)

Dollar to naira, on Friday, June 17, 2022, opened at (undisclosed) at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially...

Nigeria’s Public Debt Worst Ever In 50 years – World Bank

According to the World Bank Group, public debt in Nigeria and other low and middle-income countries has reached a 50-year high, amounting to more than 200 percent of government revenues. The Washington-based bank stated this  in a new report titled "Raising the Bar on Debt Transparency" that with the pandemic-induced economic slowdown, the impact of the war in Ukraine, and the rise in interest rates, many countries were facing severe challenges in servicing their debts. The report read, “Total public debt stands at an alarming 50-year high in low- and middle-income economies, the equivalent...

Why Nigerian Banks Should Reduce Their Charges – CBN

The Central Bank of Nigeria (CBN), has urged Nigerian banks to reduce their charges for customers. According to the apex bank, for the financial institutions...

FBNQuest Affirms Its Commitment To Stakeholders With ‘Powered By People’ Campaign

In furtherance of its commitment to supporting its clients and stakeholders with wealth management solutions that move them towards their goals, FBNQuest, the investment...

CBN Gov Urges NCS, NPA To Create Dedicate Route For Non-oil Exports

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, urged the Nigeria Ports Authority (NPA) and the Nigeria Customs Service (NCS) to...

PAC Capital Limited Closes Landmark Deal For Titan Trust Bank

AC Capital Limited ("PAC Capital") the investment banking arm of PanAfrican Capital Holdings successfully raised US$300 Million funding from the African Export-Import Bank ("Afreximbank")...

Dollar To Naira Exchange Rate Today (Thur. June 16, 2022)

Dollar to naira, on Thursday, June 16, 2022, opened at N415.37 at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially...

Nigerian Bitcoin Traders Count Losses As Crypto Value Declines By 52%

Nigerian Bitcoin traders are currently experiencing losses as the value of the crypto continues to drop. BizWatch Nigeria understands that since the turn of the...

Dollar To Naira Exchange Rate Today (Tue. June 14, 2022)

Dollar to naira, on Tuesday, June 14, 2022, opened at N415.12 at the Investors & Exporters FX window ( I&E FX Window), where the currencies...

FG’s Borrowing From CBN Hits N19tn, Inflation To Worsen

The Federal Government’s total borrowing from the Central Bank of Nigeria (CBN) through Ways and Means Advances rose from N17.46tn as of December 2021...

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