Chimara Bygold, Author at Prime Business Africa

Banks Write Customers To Submit Forex Requests Online

As the Central Bank of Nigeria (CBN) adopts measures to curb foreign exchange abuses, banks in adherence to the regulator’s directive, have informed their customers that forex requests can be processed online. In the same way, 10 Deposit Money Banks have made

December 6, 2021

Finance & Economy

Global Growth To Record Brisk Pace Of 4.5% In 2022 – OECD

After a rebound of 5.6per cent in 2021, global growth would move along at a brisk pace of 4.5per cent in 2022, moderating to 3.2per cent in 2023, says the Organisation for Economic Co-operation and Development (OECD). In its Economic Outlook, the

December 2, 2021

Currency·Markets

Foreign Exchange Update: Dec. 2, 2021

According to the data at the FMDQ Security Exchange where foreign exchange (forex) is traded officially, exchange rate between the naira and the US dollar opened at N413.94/$1 on Thursday December 2 after it closed at N415.07 to a $1 on Wednesday,

December 2, 2021

Finance & Economy

NGX Facilitates N6.71trn Financing In 2021

Nigerian Exchange Limited (NGX or The Exchange) says it has facilitated needed financing of over N6.71trillion raised by governments and corporates across various asset classes in 2021.

December 2, 2021

Finance & Economy

CIBN President Says eNaira ‘II Deepen Financial Inclusion

The President of the Chartered Institute of Bankers of Nigeria (CIBN), Dr Bayo Olugbemi has commended the introduction of the country’s first digital currency, eNaira, saying it was part of measures to deepen financial inclusion and integrate millions of unbanked Nigerians into

November 29, 2021

Finance & Economy

We Have 97% Of Bank Depositors Under Our Cover, NDIC Boasts

The present coverage limit of N500,000 under the Nigeria Deposit Insurance Corporation (NDIC) guarantee, fully covers over 97per cent of depositors and engenders confidence in the Nigerian banking sector. Managing Director/ Chief Executive Officer NDIC, Hassan Bello, who disclosed this over the weekend

November 29, 2021

Finance & Economy

‘Pension Fund VI Will Boost Investable Assets In Non-interest Funds’

The Pension Fund VI designed by the National Pension Commission, (PENCOM), for Shariah-compliant workers and investors would create new instruments in the non-interest finance market in 2022. Mrs. Abimbola Sulaiman, Head, Investment Management, ARM Pension Managers (PFA) Limited, made this assertion while

November 29, 2021

Finance & Economy

Liquidity Boost Expected On Maturing N54.30 Billion OMO Bills

There are expectations that activity in the money market will be slightly bullish as the market expects a liquidity boost from the maturing N54.30 billion worth of OMO bills. Meanwhile, domestic investors are concentrating more on short-term lending to the Federal Government

November 29, 2021

Bank CEOs Meet Over Old Naira Deadline Extension Ahead Of Presidential Election

Finance & Economy·Markets

Basel III: Nigerian Banks To Strengthen Capital Adequacy, Liquidity

The adoption of Basel III would strengthen Nigerian banks’ stressed capital level, improve capital quality (as risk levels are reduced with the exposure restriction) and maintain a strong liquidity position, says investment banking and research group Afrinvest (West) Africa Limited. The firm,

November 29, 2021

Currency·News

FOREX: I&E Dailly Turnover Rises By $210 Million

The average daily foreign exchange (Forex) turnover at the Investors and Exporters (I&E) window is now over $250million, up from $40million in April 2020, representing a $210million increase. Meanwhile, records from the Central Bank of Nigeria (CBN) show that the naira has remained

November 29, 2021

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Chimara Bygold

Banks Write Customers To Submit Forex Requests Online

Global Growth To Record Brisk Pace Of 4.5% In 2022 – OECD

Foreign Exchange Update: Dec. 2, 2021

NGX Facilitates N6.71trn Financing In 2021

CIBN President Says eNaira ‘II Deepen Financial Inclusion

We Have 97% Of Bank Depositors Under Our Cover, NDIC Boasts

‘Pension Fund VI Will Boost Investable Assets In Non-interest Funds’

Liquidity Boost Expected On Maturing N54.30 Billion OMO Bills

Basel III: Nigerian Banks To Strengthen Capital Adequacy, Liquidity

FOREX: I&E Dailly Turnover Rises By $210 Million

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