Banking and Finance

Naira in circulation rises to 71% in March, as CBN returns old notes to banks

CURRENCY in circulation increased by 71.41 per cent in March after the Central Bank of Nigeria (CBN) returned old...
Harrison EDEH -

Investors lose N305bn as market capital drops for sixth consecutive week

INVESTORS lost N305 billion at the floor of the Nigeria Exchange Limited (NGX) in the just concluded week as...
Ehime ALEX -

Analysts weigh implications as CBN dusts up guidelines on dormant accounts

AS the Central Bank of Nigeria (CBN) reviews its guidelines on the management of dormant funds that banks have...
Ehime ALEX -

Transcorp’s net profit drops amid strained naira redesign policy

THE Transnational Corporation of Nigeria Plc, a publicly traded company under the name Transcorp, reported a 63.08 per cent...
Ehime ALEX -
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CBN’s intention to acquire N20trn dormant funds will worsen Federal govt’s debt portfolio – expert

THE Central Bank of Nigeria’s (CBN) intention to mop up dormant funds in banks will not only worsen the...
Ehime ALEX -

Investors lose over N601bn as SEC pledges to protect market confidence

INVESTORS lost over N601 billion this week as negative sentiments persisted and caused the total market capitalisation and All-Share...
Ehime ALEX -
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