July 16, 2021/CBN The Federal Government of Nigeria under the National Sugar Development Council established the Nigerian Sugar Master Plan to encourage and incentivize sugar refining companies in their Backward Integration Program (BIP) for local sugar production. Accordingly, the underlisted three companies, who have made reasonable progress in achieving backward […]
Money Market
Foreign Exchange Inflows still below Pre-COVID Levels – FBNQuest
July 16, 2021/Hill+Knowlton Strategies FBNQuest Research According to the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin for Quarter 4, 2020, total Foreign Exhange (FX) inflows into the Nigerian economy declined by -6.4% q/q (-42% y/y) to USD24.8bn. Although aggregate inflows have increased since they bottomed out to a 3-year […]
Zenith Bank Reaffirms Market Dominance with Best Commercial Bank Award
July 15, 2021/Zenith Bank Plc Zenith Bank Plc has been named the Best Commercial Bank in Nigeria in the World Finance Banking Awards 2021. The award, which was announced in the July 2021 edition of the World Finance Magazine, was based on individual banks’ ability to adapt to a continually […]
