Forex inflow rises 36.5% to $33.76bn in five months
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
UBA Board to consider 2017 financial statements, proposed dividend
United Bank for Africa (UBA) Plc has announced its upcoming Board meeting, scheduled for Monday, January 29, 2018, where members of the Board will consider the financial statements for the financial year ended 31 December 2017 and also proposals for final dividend for the period.
FBN Insurance wins global award for third time
FBNInsurance said it has won the World Finance Global Insurance Award as the Best Life Insurance Company in Nigeria, 2017 for the third time.
Nigeria’s President Buhari to commission AfDB’s new historic building
Nigeria’s President, Muhammadu Buhari, will commission the new office complex of the African Development Bank in Abuja on January 18, 2018, consolidating the country’s position as the Bank’s largest shareholder.
Bitcoin Craze! Is cryptocurrency real money or a Ponzi scheme ?
The Central Bank of Nigeria (CBN) had, in a similar vein, early last year, issued a circular to banks and other financial institutions requiring them to take certain actions relating to digital currencies. Citing money laundering and terrorism financing, the CBN asked banks to “ensure that you do not use, hold, trade and/or transact in anyway” in digital currencies
President we have versus the President we need(2)
The All Progressives Congress, APC, the ruling party led by the President of Nigeria has not been able to hold its own convention. The President of Nigeria cannot even rule his own party
