Moody’s Investors Service (Moody’s) has downgraded to B2 from B1 the long-term local currency deposit and issuer ratings of four Nigerian banks.
The banks are:
Access Bank Plc (Access)
Guaranty Trust Bank Plc (GTBank),
United Bank for Africa Plc (UBA) and
Zenith Bank Plc (Zenith) and the...
Nigerian naira on Friday gained 1.036 per cent to 386 at the parallel market after the Central Bank of Nigeria (CBN) sold treasury bills to soak up liquidity from the banking system in a bid to curb pressure on the local currency.
The currency remained against the Pound sterling and Euro to...
The Central Bank of Nigeria yesterday announced that it has set aside N2.5bn for members of the National Youth Service Corps with good business ideas to actualise their dreams.
The fund according to the apex bank will be distributed to corps members under the Youth Entrepreneurship...
Nigeria’s foreign exchange reserve rose by 40 million dollars in March on a 30-day moving average basis to 27.9 billion dollars.
This is on the back of oil price climb to 40 dollars a barrel.
In an analyst note released early this week by the investment bank FBN Quest, the modest increase in...
The Central Bank of Nigeria (CBN) practically emptied its vaults apparently to finance the presidential campaign of the Peoples Democratic Party (PDP), sources conversant with investigations into security spending in the last administration have informed TheCable.
TheCable had earlier reported...
Senate president, Bukola Saraki, has vowed that no amount of intimidation will stop the National Assembly from investigating the alleged N25 billion Treasury Single Account (TSA) fraud.
Mr. Saraki was reacting to a motion moved by Dino Melaye (APC-Kogi West) on Tuesday over a newspaper article...