Tag: Naira

Financial Inclusion: Heritage Bank ED Says Financial Literacy Linked to Economic Growth

By InvestAdvocate Lagos (INVESTADVOCATE)-Financial literacy has been described as a strong catalyst to financial inclusion and wealth creation that will aid the nation’s economic growth, Mary Akpobome, executive director (ED), Heritage Bank Limited said in her opening remarks, at the Financial Literacy Day Programme  organised by the bank at the […]

With $24.547m, Zenith Records Highest Forex Allocation from CBN

By Obinna Chima For the second time since banks started publishing their returns on foreign exchange (forex) utilisation purchased from the Central Bank of Nigeria (CBN), Zenith Bank Plc got the highest allocation garnering a total of $24,547,235.36 million. Zenith Bank was in fourth place in last week’s review of […]

Nigeria’s president rejects IMF calls to lift FX curbs, end naira freeze

Sun Mar 6, 2016/Reuters Nigeria’s President Muhammadu Buhari has rejected calls by the International Monetary Fund (IMF) to lift the West African country’s foreign exchange curbs and allow a more flexible rate for its currency. “No,” he told pan-Arab Al Jazeera television in an interviews posted on the station’s website, […]