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Nigeria-China currency swap, one year after

On August 26, 20197:07 amIn Business, Finance, Newsby Nwafor

CBN, Consumer production, Central Bank of Nigeria

THERE are indications that the Central Bank of Nigeria, CBN, may have hit a comfort zone in the Bilateral Currency Swap Agreement, BCSA, it signed with the People’s Bank of China (PBoC), if the transaction figures tell it all.

Quickraiz join the big league in African Crowd funding

On August 26, 20197:03 amIn Business, Finance, Newsby Nwafor

QUICKRAIZ, a crowd funding platform, has joined the big league of crowd funding giants on the continent as she enlisted as a member of African Crowd funding Association (ACfA).

FRCN opens online portal to achieve 48hrs registration

On August 26, 20197:03 amIn Business, Finance, Newsby Nwafor

THE Financial Reporting Council of Nigeria (FRCN) has unveiled an online portal which registers individuals within 48 hours relying on the database of the Bank Verification Number (BVN).

Firstbank agric expo to promote new agribusiness opportunities

On August 26, 20196:59 amIn Business, Finance, Newsby Nwafor

FIRST Bank of Nigeria Limited will this week hold its 2019 FirstBank Agric Expo with the theme “Agricultural Value Chain – Spotlighting Opportunities and Managing Risks”.

State govts relying too much on bank loans — MPC

On August 26, 20196:57 amIn Business, Finance, Newsby Nwafor

STATE governments in Nigeria are increasingly relying on bank loans to finance their operations, thus undermining their statutory allocation with Irrevocable Standing Payment Order, ISPO, an automatic loan repayment structure tied to the allocation.

Investors anticipate higher rates as CBN sells N169.85bn TBs

On August 26, 20196:52 amIn Business, Finance, Newsby Nwafor

INVESTORS are anticipating higher interest rate on the N169.85 billion worth of treasury bills (TBs) to be auctioned this week by the Central Bank of Nigeria (CBN).

H1’19: Gloomy economy deflates corporate earnings, profits

On August 26, 20196:48 amIn Business, Finance, Newsby Nwafor

THE sustained weak macroeconomic growth in the first quarter of the year, Q1’19, may have taken huge toll on businesses as financial results of leading companies quoted on the Nigerian Stock Exchange, NSE, in the first half 2019, HI’19, show abysmal performance in both earnings and profitability.