Finance & Economy - Page 164

Polaris Bank Supports Female-owned Businesses With N1bn Loans

Polaris Bank has announced the disbursement of business support loans to female-owned businesses in the first quarter of 2023. This is part of the Bank’s commitment to supporting women and female-owned businesses

Victor Ezeja

May 19, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Dollar Rate Rises, As Senate Orders CBN To Release $717.47 million

Investors and exporters were offered the Dollar at the rate of N465.13 kobo/$1 on Wednesday, according to FMDQ Exchange data. This was the closing rate of the Naira to Dollar exchange in

Fakoyejo Olalekan

May 18, 2023

AVPA, Sterling One Foundation Opens Applications

Agro-Economy·Business

Sterling One Foundation Launches New Project For Women Farmers in Flood-Affected Areas

Sterling One Foundation has launched Project Ladder in partnership with Whitefield Foundation and Sterling Bank, to provide support for victims whose farms were affected by the floods in Nigeria. The project which

Victor Ezeja

May 18, 2023

Naira Records First Major Depreciation At Official Market In 2025

Business·Currency

Gap Between Black Market, Official Window Dollar Rates Now N275.33

The gap between the foreign exchange rates for the Naira and the Dollar in the black market and the official window stood at N275.33 kobo on Tuesday, 16 May. Prime Business Africa gathered

Fakoyejo Olalekan

May 17, 2023

Agro-Economy·Business

Sterling Bank, AATIF Raise $15m To Fund Renewable Energy-powered Agro-enterprises

Sterling Bank, in conjunction with the Africa Agriculture and Trade Investment Fund (AATIF), is set to promote environment-friendly agriculture businesses by lending the sum of $15 million to sustainable and renewable energy-powered

Victor Ezeja

May 16, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Nigeria’s Official Foreign Exchange Rate Depreciates, Traders Transact $55.10 million

The value of the Naira decreased slightly by 0.36 per cent on Monday, 15 May, with the cost of a Dollar inching higher by N1.67 kobo. This is according to the FMDQ

Fakoyejo Olalekan

May 16, 2023

Publish Your Assets Before May 29, SERAP Charges Buhari

Finance & Economy·News

$800m Loan: SERAP Threatens To Sue World Bank, Nigerian Govt

SERAP has called on the World Bank to suspend the issuance of the $800 million loan to the the Nigerian Government, saying that the Buhari administration has no justification for procuring it.

Victor Ezeja

May 15, 2023

Business·Currency

Black Market Operators Buy Dollar At N738, Pound N920, As Official Market Rate Drops

The Dollar was offered to traders in the official market at the rate of N462.33/$1 by the close of business on Friday, 12 May. This is lower than the N462.73/$1 investors and

Fakoyejo Olalekan

May 15, 2023

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business·Oil & Gas

OPEC’s Direct, Secondary Sources Disagree Over Africa’s Largest Crude Oil Producer

The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Angola is now the largest crude oil producer in Africa based on direct communications. According to the Monthly Oil Market Report –

Fakoyejo Olalekan

May 12, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Traders Pay More For Forex As Dollar Rate Rises In Official, Black Markets

The Dollar was sold at N462.73 kobo on the official foreign exchange market and N745/$1 in the black market on Thursday, 11 May. Traders saw the Naira they exchanged for the Dollar

Fakoyejo Olalekan

May 12, 2023

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Finance & Economy - Page 164

Polaris Bank Supports Female-owned Businesses With N1bn Loans

Dollar Rate Rises, As Senate Orders CBN To Release $717.47 million

Sterling One Foundation Launches New Project For Women Farmers in Flood-Affected Areas

Gap Between Black Market, Official Window Dollar Rates Now N275.33

Sterling Bank, AATIF Raise $15m To Fund Renewable Energy-powered Agro-enterprises

Nigeria’s Official Foreign Exchange Rate Depreciates, Traders Transact $55.10 million

$800m Loan: SERAP Threatens To Sue World Bank, Nigerian Govt

Black Market Operators Buy Dollar At N738, Pound N920, As Official Market Rate Drops

OPEC’s Direct, Secondary Sources Disagree Over Africa’s Largest Crude Oil Producer

Traders Pay More For Forex As Dollar Rate Rises In Official, Black Markets

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