The central bank of Nigeria (CBN) has signed a bilateral currency swap agreement with the Peoples Bank of China, (PBoC). The agreement signed by Godwin Emefiele, the CBN governor,…
Read More CBN signs $2.5bn swap deal with China
Category: Business
Cherie Blair joins Dangote Group, Alake now GMD
Africa’s foremost indigenous conglomerate, Dangote Industries Limited (DIL) today announced new appointments, with Olakunle Alake, the erstwhile Chief Operating Officer (COO) now the Group Managing Director and Cherie Blair, wife…
Read More Cherie Blair joins Dangote Group, Alake now GMD
Govt securities, corporate business lift Zenith Bank revenue in Q1 2018 as PBT increases 22%
Alabingo Finance Report | Interest earned from government securities and placement with banks and discount houses were crucial to the improved revenue Zenith Bank recorded in the first quarter of 2018.…
Read More Govt securities, corporate business lift Zenith Bank revenue in Q1 2018 as PBT increases 22%
CBN Boosts FOREX Market with $210m
The Central Bank of Nigeria (CBN), on Wednesday, May 2, 2018, injected the sum of $210 million into the inter-bank Foreign Exchange market in continuation of its efforts to sustain…
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Buhari’s visit already yielding: U.S. to repatriate $500m
The visit of President Muhammadu Buhari to U.S. President Donald Trump has yielded the finalisation of negotiations to repatriate more than 500 million dollars (about 190 billion Naira) of Nigeria’s…
Read More Buhari’s visit already yielding: U.S. to repatriate $500m