The Naira yesterday sustained its upward trend rising to its highest level in seven months in the parallel market, where it appreciated to N1,500 per dollar from N1,530 per dollar last weekend. The last time the Naira traded below N1,500 per dollar in the parallel market was Friday 21st June last year when it traded at N1495 per dollar. But …

Socio-Economic Rights and Accountability Project (SERAP) has sued the Central Bank of Nigeria (CBN) ‘over the failure to reverse the patently unlawful, unfair, unreasonable and unjust increase in Automated Teller Machine transaction fees’. The CBN recently announced that ATM withdrawals made at a machine owned by a bank but outside its branch premises will now attract a charge of N100 …

Fidelity Bank Plc is making impressive strides on its path to fulfilling the recapitalization targets set by the Central Bank of Nigeria (CBN). With a successful first phase of its capital-raising initiative that recorded over 238% over subscription and share price growth of over 100% evidencing a huge surge in investor confidence for the bank. Following the successful completion of …

Nigeria’s latest treasury bills auction, conducted on 19 February 2025, saw total subscriptions hit N2.41 trillion, reflecting sustained investor interest across the three tenors on offer. This marked a decline from the N3.22 trillion recorded in the previous auction held on 5 February 2025. This is according to the auction results seen by The PUNCH on Thursday. The Central Bank …

The Naira yesterday appreciated to N1,550 per dollar in the parallel market from N1,565 per dollar on Tuesday. Similarly, the Naira appreciated N1,509.53 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by FMDQ showed that the indicative exchange rate for the Naira fell to N1,509.53 per dollar from N1,510.33 per dollar on Tuesday, indicating a 80 kobo …

The Federal Government has explained the delay in the direct disbursement of funds to the 774 Local Government Areas despite the Supreme Court’s ruling granting them financial autonomy. According to the government, the delay is due to the ongoing process of profiling individuals who will serve as signatories to the LGAs’ accounts. The Attorney General of the Federation and Minister …

Fidelity Bank Plc, a leading financial institution, has once again demonstrated its unwavering commitment to enhancing its host communities’ lifestyles. Through its dedicated education Corporate Social Responsibility (CSR) pillar, the bank recently undertook significant projects aimed at promoting quality education delivery across the country. In Benin-City, Edo State, Fidelity Bank recently renovated the library at Emotan College, Wire Road. This …

Naira yesterday appreciated to N1,555 per dollar in the parallel market from N1,570 per dollar last week Friday. But the Naira depreciated to N1,512 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN), showed that the indicative exchange rate for the Naira rose to N1,512 per dollar in NFEM from N1,511 …

The Naira yesterday appreciated to N1,565 per dollar in the parallel market from N1,570 per dollar on Wednesday. But the Naira depreciated to N1,515.06 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by FMDQ Exchange showed that the indicative exchange rate for the naira rose to N1,515.06 per dollar from N1,511.63 per dollar on Wednesday, showing N3.43 …

The Central Bank of Nigeria has announced that Nigerians withdrawing less than N20,000 from another bank’s Automated Teller Machine will still be charged a fee of N100 per transaction. This is according to a FAQ document published by the apex bank on its website on Thursday, which provides further information on a new CBN’s directive. The directive is part of …