Author name: Chibuzo Nwachukwu

As the CBN boosts supply to banks, dollar liquidity surges to its highest level in three months.

CBN boosts supply to banks

After the Central Bank of Nigeria (CBN) raised dollar supplies to banks, Nigeria’s foreign exchange liquidity grew by 204.37 percent, the largest in three months. According to data from the FMDQ, the daily foreign exchange (FX) market turnover at the Investors and Exporters (I&E) forex window increased dramatically to $352.07 million on Wednesday, up from …

As the CBN boosts supply to banks, dollar liquidity surges to its highest level in three months. Read More »

CBN Governor, Emefiele celebrates 60 years: Intervention funds As key achievements

CBN Governor

Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), is 60 years old today and has not wavered in his attempts to ensure economic growth and financial stability through strategic measures that have been criticized in recent years. Such policies have assisted the CBN in guiding the Nigerian economy through economic crises such …

CBN Governor, Emefiele celebrates 60 years: Intervention funds As key achievements Read More »

Honeywell Flour recorded 36% revenue growth in year 2021 results

Honeywell Flour revenue growth

Honeywell Flour recorded 36% revenue growth in year 2021 results – Honeywell floor full Year 2021 Financial Highlights. Revenue grew by 36% to N109.5 billion Operating profit increased by 39% to N7.6 billion Recorded Gross Profit Margin of 14.3% Profit after Tax (PAT) increased by 73% Recorded earnings per share of 14.2 kobo Proposed dividend …

Honeywell Flour recorded 36% revenue growth in year 2021 results Read More »

Experts offer advice on how to keep Nigeria’s economy growing after the recession.

Nigeria's economy after recession

On Thursday, economic experts, government officials, and leadership consultants convened at the International Conference Centre Abuja to discuss how Nigeria can effectively navigate its recent departure from recession and achieve long-term economic growth. The experts agreed that the MuhammaduBuhari administration should take particular actions to ensure Nigeria does not revert to recession at a brainstorming …

Experts offer advice on how to keep Nigeria’s economy growing after the recession. Read More »

Children’s Financial Inclusion: How Nigerian Banks woo children

How Nigerian Banks woo children

Children’s Financial Inclusion: How Nigerian Banks woo children – Banks in Nigeria are competing to win consumers who are not only adults but also youngsters. They are, to a large extent, making progress. Children were formerly not deemed eligible to open bank accounts. However, times have changed. Taking advantage of technology and the government’s aim …

Children’s Financial Inclusion: How Nigerian Banks woo children Read More »

Foreign currency sales to the Bureau De Change and Exchange rate stability

Bureau De Change

Foreign currency sales to the Bureau De Change and Exchange rate stability – The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, readout choices made by the country’s banking sector’s highest decision-making body last week, which came as a shock to Nigeria’s financial system. The CBN’s Monetary Policy Committee (MPC) held its …

Foreign currency sales to the Bureau De Change and Exchange rate stability Read More »

The Development Bank of Nigeria (DBN) has increased its lending portfolio to N215 billion naira.

The Development Bank of Nigeria

The Development Bank of Nigeria (DBN) has increased its loan portfolio to N215.1 billion, according to Agusto & Co., which has given the bank a triple “A” rating and a stable outlook. Mr. Tony Opkanachi, DBN’s Managing Director, who supplied the loan portfolio data in a statement yesterday, expressed his team’s delight at the AAA …

The Development Bank of Nigeria (DBN) has increased its lending portfolio to N215 billion naira. Read More »

Development Bank of Nigeria Plc is rated ‘AAA’ by Agusto and Co., with a stable outlook

Development Bank of Nigeria Plc

Development Bank of Nigeria Plc – Agusto& Co., the leading credit rating agency, has given the Development Bank of Nigeria Plc (DBN) a “AAA” rating, the highest attainable for any institution. In a summary of the rating, Agusto described DBN as “a development financing organization of flawless financial condition and overwhelming capacity to meet commitments …

Development Bank of Nigeria Plc is rated ‘AAA’ by Agusto and Co., with a stable outlook Read More »

This week’s top stocks to watch are Meyer, MTN, and Seplat.

This week's top stocks to watch are Meyer, MTN, and Seplat.

Last week, the Nigerian Exchange was overwhelmed with quarterly and half-year corporate results, especially on Friday, July’s last weekday, with multiple good earnings, declared accompanying dividends by a majority of the corporations that normally pay dividends more than once a year. PREMIUM TIMES has compiled a list of stocks with strong fundamentals and other possibilities, …

This week’s top stocks to watch are Meyer, MTN, and Seplat. Read More »

Scroll to Top