By Seun Ibiyemi Ecobank Nigeria has unveiled an enhanced version of its gender financing initiative, “Ellevate by Ecobank,” as part of activities marking the 2026 International Women’s Day (IWD). In a statement issued on Wednesday, the bank said the upgraded programme reinforces its long-term commitment to advancing women-led enterprises in Nigeria and across Ecobank’s pan-African…
By Seun Ibiyemi The Debt Management Office (DMO) has announced the offer of two Federal Government of Nigeria (FGN) Savings Bonds for subscription at N1,000 per unit. In a statement, the DMO disclosed that the first offer is a two-year FGN Savings Bond due on March 11, 2028, with an interest rate of 12.906 per…
By Seun Ibiyemi The Nigerian naira experienced a modest depreciation against the United States dollar on Tuesday, with currency markets showing signs of renewed demand pressure and cautious trading activity. Data from the Nigerian Foreign Exchange Market (NFEM) reported that the naira opened trading around ₦1,368 to the dollar in the official FX window, eventually…
By Seun Ibiyemi Guaranty Trust Holding Company Plc (GTCO) has announced the appointment of Mrs. Marie Namias as an Independent Non-Executive Director of the company. The notification was made to the Nigerian Exchange Limited, shareholders and the investing public, with the company confirming that regulatory approval has been obtained from the Central Bank of Nigeria….
By Seun Ibiyemi The Nigerian naira maintained a relatively stable performance against the United States dollar today, with traders showing cautious optimism as the new trading week began. According to currency market data, ₦1,360 was exchanged for $1 on the foreign exchange market as of this morning, reflecting only minor day‑to‑day movement and signalling stability…
By Seun Ibiyemi Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says Nigeria’s net foreign exchange reserves rose to 34.80 billion dollars as at December 2025, marking a sharp increase from previous years. Cardoso disclosed this in a statement issued on Monday in Lagos at the end of the last Monetary Policy Committee…
LOTUS Bank has partnered with Heckerbella to unveil a Smart ID Project at the University of Lagos (UNILAG), introducing a dual-function identification and debit card system aimed at accelerating the institution’s transition to a cashless and technology-driven campus. Speaking at the launch ceremony, the Managing Director of LOTUS Bank, Isiaka Ajani-Lawal, said the initiative aligns…
By Seun Ibiyemi The naira weakened against the United States dollar across foreign exchange segments for the week ended Friday as sustained demand pressures outweighed liquidity support measures. Data from the official Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency closed the week at ₦1,363.39 per dollar on Friday, compared to ₦1,359.82…
By Seun Ibiyemi The naira recorded a largely stable performance on Thursday, trading within a narrow range against the United States dollar across official and parallel foreign exchange markets. At the official window, the local currency hovered around the ₦1,350 mark to the dollar, reflecting relative calm in the Nigerian Foreign Exchange Market. Market participants…
By Seun Ibiyemi The Nigerian naira witnessed mixed performance in the foreign exchange market on Wednesday, with the local currency slightly weakening in the official window even as it showed strength in the parallel market amid continued policy interventions. According to data from the official foreign exchange segment, the naira depreciated modestly, trading around ₦1,359…
