Chimara Bygold, Author at Prime Business Africa

House Committee Pledges Stronger Collaboration With NDIC To Protect Depositors’ Funds

The House of Representatives’ Committee on Insurance and Actuarial Matters has reiterated its readiness for increased collaboration with the Nigeria Deposit Insurance Corporation (NDIC) as it provides a financial guarantee to protect depositors in the event of a bank failure and offers

November 25, 2021

Nigerian Banks Rely More On Liquidity, As Borrowing From CBN Rises To N19.8trn

Finance & Economy

Nigerian Banks Best Among BRICS Peers In Average ROA, ROE- Afrinvest

….Egypt, Ghana, South Africa Better Capitalized Than Nigerian Banks Despite the heightened macroeconomic vulnerabilities for business operations, Nigerian banks emerged as the best among its BRICS peers with an average Return on Assets (ROA) and Return on Equity (ROE) of 15.9 per

November 25, 2021

Finance & Economy·News

Obasanjo Canvasses Made-in-Africa Brand For Continental Products Pride

The third day of the Intra-African Trade Fair 2021 (IATF2021) ended with a clarion call by former Nigerian President Olusegun Obasanjo for creation of an emblematic Made-in-Africa brand that would promote intra-African trade and boost exports for African products. Speaking during a

November 25, 2021

Finance & Economy·World News

World Bank Makes 7 Strong Policy Recommendations For Nigeria

FOLLOWING its economic report on Nigeria that showed how inflationary shocks pushed eight million more Nigerians into extreme poverty in less than two years, the World Bank has advised that the Federal Government take important decisions regarding the formulation and management of

November 25, 2021

Nigerian Equity Market Records First Gain This Week

Currency·Markets

Foreign Exchange Update: Nov. 25, 2021

According to the data published on the FMDQ Security Exchange where foreign exchange (forex) is officially traded, the exchange rate between the Naira and the US dollar showed that the naira opened at N413.58 per dollar on Thursday, 25 November 2021, after

November 25, 2021

Finance & Economy

Inflation Shocks Push 8 Million More Nigerians Into Poverty Under 2 Years

Nigeria has worst revenue-to-GDP ratio among 115 countries monitored by the World Bank The World Bank has said that Nigeria has the worst revenue-to-GDP ratio among 115 countries it monitored. Economists use Gross Domestic Product (GDP) to measure the monetary value of final

November 24, 2021

Currency·Markets

Exchange Rate Update: Nov 23,2021

According to the data at the FMDQ Security Exchange where forex is traded officially, the exchange rate between the naira and the US dollar opened at ₦413.53/$1 on Monday, November 19 after it closed at ₦414.40 to a $1 on Friday. Also,

November 23, 2021

CBN Threatens Importers With Sanction After Launching FX Price Verification System

Finance & Economy

Nigeria’s Apex Bank Lowers Standards For Agric Loans Worth Less Than N100,000

…Issues Guidelines, Says No Tangible Securities, Feasibility Reports Needed The Central Bank of Nigeria (CBN) has said that banks are not expected to demand tangible securities and feasibility reports for loans of N100,000.00 (One hundred thousand naira) and below, under the Agricultural

November 22, 2021

Chams, PZ, Others Drive Equity Market To N874bn Gain As ASI Appreciates By 1.92%

Currency·Markets

Exchange Rate Update: Nov. 22, 2021

According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦413.53/$1 on Monday November 19 after it closed at ₦414.40 to a $1 on Friday. Also, at

November 22, 2021

Markets

Leadway’s Investment In FBN Holdings Equities Belong To RSA Holders – PenCom

The National Pension Commission (PenCom) has said that the equity investments in First Bank Nigeria (FBN) Holdings made by Leadway Pensure Limited on behalf of the pension funds under its management are in the name of the pension fund and belong to

November 22, 2021

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Chimara Bygold

House Committee Pledges Stronger Collaboration With NDIC To Protect Depositors’ Funds

Nigerian Banks Best Among BRICS Peers In Average ROA, ROE- Afrinvest

Obasanjo Canvasses Made-in-Africa Brand For Continental Products Pride

World Bank Makes 7 Strong Policy Recommendations For Nigeria

Foreign Exchange Update: Nov. 25, 2021

Inflation Shocks Push 8 Million More Nigerians Into Poverty Under 2 Years

Exchange Rate Update: Nov 23,2021

Nigeria’s Apex Bank Lowers Standards For Agric Loans Worth Less Than N100,000

Exchange Rate Update: Nov. 22, 2021

Leadway’s Investment In FBN Holdings Equities Belong To RSA Holders – PenCom

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