Month: February 2024

Ruble Reacts as Russia Keeps Key Rate at 16% Russia’s central bank (CBR) Friday said its Board of Directors decided to keep the key rate at 16.00%, as expected. The…

Parallex Bank Introduces Advanced Mobile Banking App Parallex Bank Ltd. says it has introduced an advanced mobile banking application, Mobile App 2.0, aimed at delivering convenience and functionality to its…

FirstBank Rewards 930 Customers in Win Big Promo Draw FirstBank of Nigeria Limited rewarded 930 customers today in the third edition of its ongoing four-month “Win Big Promo” draw, which…

US Dollar Strengthens Ahead of Price Index, Data Release The US dollar rose against its major trading partners early Friday, except for a decline versus the euro, ahead of the…

Bonds Yield Rises to 15.8% as Inflation Provokes Selloffs The benchmark yield on Nigerian government bonds rose moderately to 15.8% as fixed income investors in the secondary market sold down…

Supreme Court Voids AMCON Takeover of Lagos Hotel The Supreme Court on Friday affirmed the judgment of the Court of Appeal Lagos nullifying the takeover of the landed property of…

Ecobank Nigeria, Soto Gallery Invite Artists to International Art Exhibition Ecobank Nigeria has entered a strategic partnership with Soto Gallery to organize an international art exhibition for emerging young Nigerian…

EU to Invest €37m in Nigeria’s Power Sector-Ambassador The European Union (EU) says it is set to invest 37million Euros into Nigeria’s power sector. The EU Head of Mission to…

T-Bills Market Bullish Ahead of Feb Rate Hike Expectation The average yield on Nigerian Treasury Bills declined as fixed income investors hedged against rising inflation by pooling more assets into…

BTA/PTA by Cash No Longer Permitted, CBN Tells Banks Nigerian banks have been directed by the Central Bank of Nigeria (CBN) to stop effectively immediately the old practice of paying…