Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. A Bureau de Change operator at Wuse Zone 4, Malam Ibrahim, confirmed the rates on Monday. He said, Yes it is true, we are currently selling above N2,000 for the pounds and it is still about the…
First City Monument Bank has complied with the Abuja Court of Appeal’s order directing it to deposit the N540m awarded as damages to the General Overseer of Divine Hand of God Prophetic Ministry, Emmanuel Omale, into an interest-yielding account held by the Chief Registrar of the court. The appellate court in a letter addressed to…
The naira on Friday depreciated to N1,640 per dollar in the parallel market from N1,595 per dollar on Thursday. Similarly, the naira on Friday depreciated to N1,537.96 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,537.96 per dollar from N1,498.25 per…
By Otitoju Ayomide Ecobank Nigeria has entered a strategic partnership with Soto Gallery to organise an international art exhibition for emerging young Nigerian artists. The exhibition, tagged: +234Art, is a 10-day art fair in the heart of Lagos and is scheduled to commence on Friday, 22nd March, 2024. It is dedicated to nurturing and uplifting…
The Federal Inland Revenue Service has assured businesses in the country of a friendly tax administration. The Executive Chairman of FIRS, Dr Zacch Adedeji, disclosed this when he hosted the management team of MTN Nigeria, led by its Chief Executive Officer, Karl Toriola, in Abuja recently. Adedeji stated the agency’s resolve to create an environment…
Independent oil marketers have stated that they could sell premium motor spirit, fuel, below the rate it is being sold in Nigerian National Petroleum Company Limited retail stations if they get the product directly from NNPCL. The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, stated this during a recent interview…
The naira gained marginally against the United States dollar on Tuesday, appreciating to N1,499/ from an all-time low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market. This means the naira gained by 2.3 per cent or N35, according to FMDQ Exchange, a platform that publishes official foreign exchange trading in the country. The…
Access Holdings’ share price rose for the first time this week yesterday as investors increased demand for the shares of the financial services group.Access Holdings’ share priced had dropped on Monday on the first trading session after the announcement of the death of its Group Chief Executive Officer, Dr Herbert Wigwe Wigwe, his wife, son…
The Board of Fidelity Bank Plc yesterday extended the tenure of the bank’s Chief Executive Officer (CEO), Dr. Nneka Onyeali-Ikpe, to 2026.This was contained in a notification sent to the Nigerian Exchange Limited (NGX) in Lagos by the Company Secretary, Mr Ezinwa Unuigboje.Unuigboje, in the notice, stated that the decision was taken at the Board’s…
