Nigeria’s central bank has said that it plans to intervene in the country’s foreign exchange market occasionally to boost liquidity, while ending an eight-year ban on 43 items that had been restricted from accessing forex […]
The safe-haven dollar and Japanese yen inched higher on Monday as military clashes between Israel and the Palestinian Islamist group Hamas deepened political uncertainty across the Middle East. Risk sentiment was fragile after Israeli forces fought gunmen […]
By Laolu Akande, New York (Empowered Newswire) Not being a depositors’ bank, AFREXIM Bank is unable on its own to raise the $3 billion loan it agreed to provide to the Nigerian National Petroleum Company […]
Fidelity Bank’s upcoming trade expo tagged, the Fidelity International Trade and Creative Connect (FITCC Houston), has received a major boost as the Mayor, City of Houston, Sylvester Turner. The Mayor has termed the programme, “A […]
Mediation talks to avert strikes at U.S. energy major Chevron’s (CVX.N) two major liquefied natural gas (LNG) facilities in Australia began on Monday, September 4, 2023, aimed at averting strikes scheduled for Thursday should the […]
Italian energy group Eni (ENI.MI) signed on Monday an agreement to sell its unit Nigerian Agip Oil Company (NAOC) to Nigerian counterpart Oando (OANDO.LG), the group said in a statement. NAOC, which focuses on oil and gas exploration […]
Leading financial institution, Fidelity Bank Plc has recorded an impressive 204.4% growth in Profit Before Tax for the first half of 2023 to N76.3bn according to the bank’s recently issued financial result. A review of […]
Saudi Arabia has the highest fuel subsidies in the G20, with the government spending some $7,000 per person on state support for fuel prices. That’s equal to 27% of economic output, reports say. The data comes […]
For the second year running, leading financial institution, Fidelity Bank Plc, has emerged as the company with the highest earnings per share on the Nigerian Exchange Limited (NGX) based on half-year financial figures. BusinessDay report […]
Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs Nneka Onyeali-Ikpe has called on the Nigeria Electronic Fraud Forum, NeFF to come up with solutions to the challenges posed by electronic fraud to the financial system. […]
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