Finance

CBN to sanction banks for rejecting old, small Dollar denominations

The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the United States of America Dollars. In a circular issued…

By
hbtechng

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Trump-Zelenskyy Meeting Ends In Heated Exchange

Donald Trump and Ukrainian President Volodymyr Zelenskyy’s White House talks collapsed into a tense confrontation,…

Neymar avoids $3m fine for building lake at Brazilian mansion

A Brazilian court has suspended a $3 million fine imposed on soccer star Neymar last…

2024 UTME notification slip ready for printing – JAMB

The 2024 Unified Tertiary Matriculation Examination notification slip, which shows candidates the date, venue, and…

Heatwaves may put millions of Asian children at risk — UN

Global monitors have warned that 2024 is shaping up to be the hottest year on…

Lasted Finance

Forex: Turnover in NAFEM rises 74% to $22.88 bn in H1’24

The volume of dollars traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, rose year-on-year (YoY) by 74 percent to $22.88 billion in…

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hbtechng

CBN’s Interest Rate Hike Hindering Growth, Job Creation – Dangote

The President and Chief Executive Officer of the Dangote Group, Aliko Dangote, yesterday faulted the hike of interest rate to…

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hbtechng

CBN will support Eurobond issue, measures to boost external reserves – Cardoso

Governor, Central Bank of Nigeria, Olayemi Cardoso yesterday said that the apex bank will support measures to boost the nation’s external…

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hbtechng

Nigeria’s terms of trade falls 0.12%

All commodity terms of  trade (ToT) declined by 0.12 percentage points in the first quarter of 2024 (Q1’24), just as the…

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hbtechng

Foreign loans drive up capital importation by 19% to $330m

Increased loan inflows improved capital importation into Nigeria in January 2024 by 19 percent month-on-month, MoM, to $330 million from $280 million…

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hbtechng

Net forex inflow into economy falls 39% to $2.37bn

Net foreign exchange inflow into the economy fell by 39 per cent Month-on-Month, MoM, to $2.37 billion in January from $3.91…

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hbtechng

No plan to revoke Wema, Polaris, Unity, Fidelity licences — CBN

The Central Bank of Nigeria yesterday said there are no plans to revoke the operating licenses of Fidelity Bank, Wema…

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hbtechng

Stock investors gain N619bn in May despite rates hike

The equities market defied the persistent hike in interest rate by the Central Bank of Nigeria, CBN, at the end of…

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hbtechng