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3 New Articles
  • 3 hours ago Lagos, Sterling One Foundation hold Invest Lagos 2.0, Africa Social Impact Summit
  • 3 hours ago NAF airstrikes neutralise terrorists, destroy hideouts on Borno mountain
  • 4 hours ago N4t subsidy savings reinvested in infrastructure, says Tinubu
Home Business Banking & Finance (page 23)

Banking & Finance

CBN to sanction banks, BDCs rejecting old, small dollar denominations

By Breezynews
2 July 2024
in :  Banking & Finance
0
141

The Central Bank of Nigeria has warned Deposit Money Banks to stop rejecting old and small denominations of the United States dollar bills. CBN threatened that there would be sanctions for rejections. It also urged Bureau De Change operators and the public to desist from defacing the notes. The CBN issued this warning in a circular signed by the acting …

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Stanbic IBTC gears up to host ‘Bloom Weekend’

By Breezynews
2 July 2024
in :  Banking & Finance
0
91

Stanbic IBTC Holdings has announced the date for its annual women’s event tagged ‘Bloom Weekend’, coming up in July 2024. This dynamic event will celebrate women in its Blue Blossom community and feature several components including a yoga session, village market, the Ladies At The Table Empowerment Series (LATTES), an all-day trade fair, and Small and Medium Scale Enterprises (SME) …

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Naira appreciates to 1,510/$ in parallel market

By Breezynews
2 July 2024
in :  Banking & Finance
0
57

The Naira yesterday appreciated in the parallel market to N1,510 per dollar from N1,515 per dollar last week Friday. However, the Naira depreciated to N1,508.99 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,508.99 per dollar from N1,505.3 per dollar last weekend, indicating N3.69 depreciation …

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Naira plummets to 1,520/$ in parallel market

By Breezynews
28 June 2024
in :  Banking & Finance
0
85

The Naira yesterday depreciated in the parallel market to N1,520 per dollar from N1,510 per dollar on Wednesday. Similarly, the Naira depreciated to N1,510.1 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,510.1 per dollar from N1,507.83 per dollar on Wednesday, indicating N2.27 depreciation for …

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Naira gains, exchanges at 1,500/$ in parallel market

By Breezynews
26 June 2024
in :  Banking & Finance
0
65

The Naira yesterday appreciated in the parallel market to N1,500 per dollar from N1,505 per dollar on Monday. The Naira depreciated to N1,500.79 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,500.79 per dollar from N1,490.2 per dollar on Monday, indicating N10.59 depreciation for the …

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Naira plummets, trades at 1,505/$

By Breezynews
25 June 2024
in :  Banking & Finance
0
83

The Naira yesterday depreciated in the parallel market to N1,505 per dollar from N1,495 per dollar last weekend. Similarly, the Naira depreciated to N1,490.2 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,490.2 per dollar from N1,485.53 per dollar last weekend, indicating N4.67 depreciation for …

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Capital market stakeholders confident investors will buy Fidelity Bank’s offers

By Breezynews
24 June 2024
in :  Banking & Finance
0
327

Fidelity Bank Plc started its N127.1 billion combined rights and public offers to a rousing support from the investing public as key capital market stakeholders recalled the symbolic importance of Fidelity Banks impressive growths and investor-friendly disposition over the years. From the Nigerian Exchange (NGX) to stockbrokers, investors and customers; the N127.1 billion combined rights and public offer received unreserved …

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Emefiele to permanently forfeit N12bn property

By Breezynews
22 June 2024
in :  Banking & Finance
0
70

The Federal High Court in Lagos has ordered the permanent forfeiture of properties worth over N11.14 billion and N1.04 billion belonging to the former Central Bank of Nigeria Governor, Godwin Emefiele to the Federal Government. Justice Chukwujekwu Aneke issued the final forfeiture order after considering a motion filed by the Economic and Financial Crimes Commission, represented by counsel Chineye Okezie …

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Naira depreciates, hits 1,490/$ in parallel market

By Breezynews
20 June 2024
in :  Banking & Finance, News
0
70

The Naira yesterday depreciated in the parallel market to N1,490 per dollar from N1,470 per dollar last week Friday. Similarly, the Naira depreciated to N1,483.02 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,483.02 per dollar from N1,482.72 per dollar last weekend , indicating 30 …

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Fidelity Bank: Here’s the perfect opportunity to grab your slice

By Breezynews
19 June 2024
in :  Banking & Finance
0
84

On Thursday June 20, Nigeria’s 6th largest bank, Fidelity Bank Plc will open its public offer and Rights Issue. According to an article on the Businessday website and authored by Iheanyi Nwachukwu, the bank is raising a total of up to N127.100billion by way of a Rights Issue to existing shareholders and a Public Offer (the Combined Offer). Under the …

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