Nigeria’s naira firmed 0.30 percent against the U.S. dollar on Monday, after one oil company sold the greenback to some lenders and the central bank intervened to prop up the currency. The local unit closed at 164.40 to the dollar, up from Friday’s close of 164.90. The naira has been […]

The uncertainty that have trailed the economy following the suspension of the Central Bank of Nigeria Governor, Mr. Lamido Sanusi, and combined effect of political tension in the country and the recent commencement of quantitative easing by the United States may lead to low subscription of Federal Government bonds in […]

Press Release/FBNH In a move that can be described as a boost for the nation’s financial inclusion drive, Firstmonie the mobile payment solution from First Bank of Nigeria Ltd has just recently secured a grant of $12million US dollars from the Bill & Melinda Gates Foundation. The charitable purpose of […]