Vice President Professor Yemi Osinbajo on Thursday constituted a committee on the reopening of the economy. This was one of the resolves after chairing a virtual National Economic Council (NEC) meeting on Thursday, May 21, the first since the outbreak of the COVID-19 pandemic. In a statement by Mr. Laolu […]
Economy
The federal government has appointed Kingsley Obiora as the Chairman of the Board of Directors of the Nigerian Export-Import Bank (NEXIM). Obiora replaces Joseph Nnanna, who retired from NEXIM Board in February 2020. Tayo Omidiji, NEXIM Head of Corporate Communications, made the announcement in a statement. Obiora is expected to […]
The International Monetary Fund has granted debt relief to 25 countries, mostly African nations excluding Nigeria. A statement by the Managing Director of the IMF, Kristalina Georgieva, said it would provide $500m in grant-based debt service relief to these countries. “Today, I am pleased to say that our executive board […]
The Central Bank of Nigeria (CBN) has made an alteration to the price of dollar sales. In a communique to all banks and Bureau De Change on Friday, the CBN advised that the BDC to end-user sales of the Dollar should not be more than N380/1USD. This is the highest […]
Fidelity Bank Plc has trained over 3,000 undergraduates from various tertiary institution on skills acquisition through its youth empowerment programme. The bank’s CEO, Nnamdi Okonkwo, made this disclosure recently during the closing ceremony of the Fidelity Youth Empowerment Academy (FYEA) held at the Sokoto State University (SSU), Sokoto State. “The […]
