Excess Forex demand weighs down Naira

Excess Forex demand weighs down Naira

PRESSURES on the external sector seem persisting as outstanding foreign exchange demand on Forwards Contracts is now put at about USD4 billion despite several auctions by the Central Bank of Nigeria, CBN, to bring it down.
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2018 CHAN: Eagles get opponents

2018 CHAN: Eagles get opponents

Nigeria has been drawn to meet the winner of the Benin – Togo tie for a place at the 2018 African Nations Championship to be held in Kenya.

Adeboye tasks security  operatives on their safety

Adeboye tasks security operatives on their safety

GENERAL Overseer of the Redeemed Christian Church of God, RCCG, World wide Pastor Enoch Adejare Adeboye, yesterday charged all Nigerian security operatives, including military personnel to put themselves under the protection of the Almighty God because of the sensitive nature of their jobs.

Technology is critical for viable retail banking operations – Fidelity Bank

Technology is critical for viable retail banking operations – Fidelity Bank

The major disruptor in this area would be Technology. We have seen an increase in the use of technology in driving Retail penetration in the market place. When we consider that this business is generally mass market characterized by low margins, the ability to efficiently deploy and manage the process digitally could very well be the difference between a viable and an unviable proposition.

Ex-militants in solidarity march for Maritime Varsity

Ex-militants in solidarity march for Maritime Varsity

Hundreds of ex-militants, led by ambassador Preye Ekpebide, weekend marched through Bomadi/Tuomo road in support of Senator James Manager, sponsor of the Nigeria Maritime University Okerenkoko bill, stating that when passed, his name would be written in gold.

Upcoming announcements by banks will indicate recapitalisation – Chioke

Upcoming announcements by banks will indicate recapitalisation – Chioke

I think the factors on ground in the banking sector will be that if you look at where exchange rate is we are officially at N305/USD and parallel market is at N490/USD. And quite a number of banks have Dollar denominated risk assets on their balance sheet. The more we move towards a free floating of the Naira or devaluing of the Naira, the more it drags down their capital adequacy ratio.

CECP, NCPP to deploy four Mobile Cancer Centres nationwide

CECP, NCPP to deploy four Mobile Cancer Centres nationwide

Four Mobile Cancer Centres, MCCs, valued at N1.2 billion, are to be deployed nationwide by the Committee Encouraging Corporate Philanthropy, CECP-Nigeria, in partnership with the National Cancer Prevention Programme, NCPP.

New technology to boost brokerage industry

New technology to boost brokerage industry

INFOTECH Group, a globally renowned company for wide range of software solutions for financial markets is set to improve the business efficiency of operators in the Nigerian capital market through its latest product called MARLIN.

2019: Obasanjo’s call for Igbo presidency, insincere, divisive  –  Obong Attah

2019: Obasanjo’s call for Igbo presidency, insincere, divisive – Obong Attah

Former Governor of Akwa Ibom State and one of the leaders of the Pan Niger Delta Forum, PANDEF, Obong Victor Attah, in this interview speaks on the state of the nation and urged the Federal Government not to sit on the 16-point demand of the Niger Delta. He also chided ex-President Olusegun Obasanjo for calling for Igbo presidency in 2019. Excerpts:

ONNOGHEN: Sanctity of judiciary must be protected — FAYOSE

ONNOGHEN: Sanctity of judiciary must be protected — FAYOSE

Ekiti State governor and Chairman of the Peoples Democratic Party, PDP Governors Forum, Mr Ayodele Fayose has called on the Acting President, Prof Yemi Osinbajo to send the name of Justice Onnoghen to the senate for confirmation as the substantive Chief Justice of Nigeria, CJN, without further delay, saying; “Prof Osinbajo, a lawyer himself should know that it is dangerous to the unity of Nigeria and sustenance of democracy that it is now being insinuated that Justice Onnoghen is being denied appointment as substantive CJN on the basis of ethnicity and politics.”