Hope Moses-Ashike, Author at Businessday NG https://businessday.ng/author/hope-ashike/ Wed, 26 Apr 2023 08:23:33 +0000 en-US hourly 1 188198514 Naira gains marginally as FX market resumes trading https://businessday.ng/news/article/naira-gains-marginally-as-fx-market-resumes-trading/ https://businessday.ng/news/article/naira-gains-marginally-as-fx-market-resumes-trading/#respond Wed, 26 Apr 2023 08:23:33 +0000 https://businessday.ng/?p=724734 Naira

Nigeria’s foreign exchange (FX) market resumed trading on Tuesday after the holiday, with naira gaining marginally (0.05) against the dollar at the official market. After trading on Tuesday the dollar was quoted at N463.44, gaining 0.05 percent compared to N463.67 quoted on Thursday last week at the Investors and Exporters (I&E) forex window, Nigeria’s official […]

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]]> https://businessday.ng/news/article/naira-gains-marginally-as-fx-market-resumes-trading/feed/ 0 724734 NDIC begins verification of insured depositors of Peak Merchant Bank https://businessday.ng/news/article/ndic-begins-verification-of-insured-depositors-of-peak-merchant-bank/ https://businessday.ng/news/article/ndic-begins-verification-of-insured-depositors-of-peak-merchant-bank/#respond Mon, 24 Apr 2023 21:24:16 +0000 https://businessday.ng/?p=724429 NDIC

The Nigeria Deposit Insurance corporation (NDIC) has commenced verification of insured depositors of Peak Merchant Bank in-liquidation towards payment of their insured sums. This is in line with its mandate of deposit guarantee and reimbursement of depositors in the event of bank failure. According to a press release signed by Bashir Nuhu, director, communication and […]

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]]> https://businessday.ng/news/article/ndic-begins-verification-of-insured-depositors-of-peak-merchant-bank/feed/ 0 724429 How CashToken revolutionised businesses, transformed lives in 5yrs https://businessday.ng/news/article/how-cashtoken-revolutionised-reward-system-in-financial-market/ https://businessday.ng/news/article/how-cashtoken-revolutionised-reward-system-in-financial-market/#respond Fri, 21 Apr 2023 09:46:10 +0000 https://businessday.ng/?p=723827

In the last five years, CashToken Rewards Africa Limited has deployed a unique system that has redefined consumer reward, with the end goal being to enhance the businesses of manufacturers and service providers and the economy of individual consumers, while contributing to the economic growth of Nigeria. CashToken Rewards Africa Limited – a Nigerian RewardTech […]

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]]> https://businessday.ng/news/article/how-cashtoken-revolutionised-reward-system-in-financial-market/feed/ 0 723827 Silicon Valley Bank collapse, lessons for Nigerian regulators – NDIC https://businessday.ng/banking/article/silicon-valley-bank-collapse-lessons-for-nigerian-regulators-ndic/ https://businessday.ng/banking/article/silicon-valley-bank-collapse-lessons-for-nigerian-regulators-ndic/#respond Fri, 21 Apr 2023 09:11:15 +0000 https://businessday.ng/?p=723817 Silicon Valley Bank

The collapse of Silicon Valley Bank, Signature Bank and Credit Suisse provides valuable lessons for regulators/ supervisors and bank executives in Nigeria and around the world, according to the Nigeria Deposit Insurance Corporation (NDIC). Mustapha Ibrahim, executive director (operations), NDIC, said this advice at the Chartered Institute of Bankers of Nigeria (CIBN) advocacy dialogue series […]

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]]> https://businessday.ng/banking/article/silicon-valley-bank-collapse-lessons-for-nigerian-regulators-ndic/feed/ 0 723817 Naira weakens against dollar despite improved liquidity https://businessday.ng/news/article/naira-weakens-against-dollar-despite-improved-liquidity/ https://businessday.ng/news/article/naira-weakens-against-dollar-despite-improved-liquidity/#respond Fri, 21 Apr 2023 08:55:56 +0000 https://businessday.ng/?p=723807 Naira

Naira on Thursday weakened against the dollar across foreign exchange markets despite improved liquidity. After trading on Thursday, naira lost 0.25 percent as the dollar was quoted at N463.67 as against the last close of N462.50 on Wednesday at the Investors and Exporters (I&E) forex window, data from the FMDQ indicated. Most currency dealers who […]

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