CBN sets to reduce banks’ FX risk exposure
To tame the raging foreign exchange crisis and ultimately sanitize the money market, the Central Bank of Nigeria (CBN) is beaming its regulatory searchlight on banks, alerting them of growing…
‘$700m Remains Blocked’, Says IATA On Release Of Airlines’ Funds
The International Air Transport Association (IATA) has lauded the Central Bank of Nigeria (CBN) for releasing $ million in blocked airline funds. but said $700 million remains blocked in…
Transcorp Plc Grows Profit by 102% to N34bn
Transcorp Corp Plc posted a significant surge in earnings following a spike in revenue generated by the group in 2023. In its unaudited financial statement filed with the Nigerian Exchange,…
Fidelity Bank Posts Triple Earnings Growth in 2023
Fidelity Bank Plc has bolstered earnings performance as the top Tier-II lender grew profit by about 207 percent year on year, according to its recent unaudited financial statement filed with…