The Naira yesterday depreciated to N1,660 per dollar in the parallel market from N1,655 per dollar on Monday. The Naira appreciated to N1,549 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) fell to N1,549 per dollar from N1,550 per dollar …

The Central Bank of Nigeria (CBN), on Friday announced it has introduced the Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident Nigerian Investment Account (NRNIA) for Nigerians in diaspora. CBN disclosed this in a circular to all authorized dealer banks and the general public noting that NRNOA will enable Non-Resident Nigerians (NRNs) remit their foreign earnings to Nigeria and manage funds …

The Naira yesterday depreciated to N1,655 per dollar in the parallel market from N1,650 per dollar on Tuesday. Likewise, the Naira depreciated to N1,545 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) rose to N1,545 per dollar from N1,538 per …

The Naira yesterday appreciated to N1,650 per dollar in the parallel market from N1,665 per dollar on Monday. But the Naira depreciated to N1,538 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) rose to N1538 per dollar from N1,534.56 per …

The Central Bank of Nigeria (CBN) has reported a 63.7 per cent increase in international money transfer operator (IMTO) inflows during the first nine months of 2024. According to the latest quarterly statistical bulletin released by the apex bank, inflows rose from $2.33 billion recorded during the same period in 2023 to $3.82 billion in 2024. The significant growth has …

As part of its commitment to fostering inclusivity, Fidelity Bank Plc has inaugurated the Bundles of Joy programme, a groundbreaking initiative aimed at creating supportive spaces and activities for children with special needs, while addressing the psychological and emotional well-being of their parents and caregivers. The first session of the programme was held over the weekend at a dedicated facility …

The stock market closed the first week of the year 2025 on a positive note, driven by gains in BUA Goods, MTN Nigeria, and WAPCO among others, with investors gaining over N1.253 trillion. The Nigerian Exchange, NGX market capitalisation, which represents total value of investment on the Exchange closed on Friday at N63.165 trillion from N61.912 trillion the previous week. …

The Central Bank of Nigeria (CBN) has again clarified that the 1,000 staff members who opted out of service in December 2024 were not forced to quit their jobs. The CBN Governor, Olayemi Cardoso, stated this on Friday in Abuja at an investigative hearing of the House of Representatives’ ad-hoc committee probing the circumstances leading to the exit of the …

The Naira today depreciated to N1,660 per dollar in the parallel market from N1,655 per dollar on Thursday. But the Naira appreciated to N1,535 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) fell to N1535 per dollar from N1,538.5 per …

Polaris Bank, in partnership with key stakeholders, has reaffirmed its commitment to combating the alarming rate of out-of-school children in Nigeria. Through its targeted interventions, the bank has ensured continuous education for over 15,000 students, providing them with the opportunity to learn, thrive, and contribute to a better future. While the initiative primarily focuses on empowering the girl child, male …