LAPO Microfinance Bank Limited, a premium microfinance institution in Nigeria wins the “Microfinance Bank of the Year” 2023 Businessday Banks’ and other Financial Institutions’ (BAFI) Awards. In a press release issued by the bank , Oluremi Akande, Director, Communications & Branding, said “LAPO Microfinance Bank has won this award category …
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Polaris Bank Loses N26bn Loans Granted To 6 Ex-directors Without Collaterals
…one ex-director with N31bn loan placed on watchlist POLARIS Bank has lost N26.005 billion worth of loans granted to 6 ex-directors, mostly without collaterals. Economy Post found from the bank’s 2022 annual report that 5 out of the six ex-directors did not perfect their collaterals before receiving the loans from …
Read More »How Elumelu’s Heirs Holdings Borrowed N41.8bn From UBA At Far Lower-than-market Interest Rate
TONY Elumelu’s Heirs Holdings got loans totalling N41.823 billion from the United Bank for Africa (UBA) at 15 percent interest rate, Economy Post has found. Elumelu is both the chairman of UBA and Heirs Holdings. He is also the founder of Tony Elumelu Foundation. Findings showed that as of December …
Read More »Black Market Dollar To Naira Exchange Rate Today 28th October 2023
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 27th October, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …
Read More »Naira Appreciates Against Dollar
THE naira appreciated by N137 in the parallel market, exchanging at N1,113/$1 on Friday. According to Dayyabu Mistila, a Bureau De Change operator in Wuse Zone 4, Abuja, Nigerians bought naira at N1,113/$1 on Friday. The currency appreciated reasonably from the N1, 250/$1 it traded on Thursday at the unofficial …
Read More »Nigeria’s $5bn Gas Earnings Is Low – Shettima
VICE President, Senator Kashim Shettima has decried that Nigeria’s $5 billion gas earnings were insufficient compared to the Nation’s reserve. Shettima disclosed this Thursday in his remarks at the 6th Valuechain Annual Lecture and Awards in Abuja. The Vice President was represented by his Special Adviser on Energy and Power …
Read More »Black Market Dollar To Naira Exchange Rate Today 24th October 2023
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 23rd October, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …
Read More »Economy: Industries Battle For Survival As Dollar Hits N1,155
INDUSTRIES in the country are battling for survival owing to the continued slide of the naira against the dollar, Daily Trust reports. The naira Thursday traded at between N1,150 and N1,155/dollar at the unregulated markets in Lagos and Abuja. At the official Investors & Exporters (I&E Window), it had earlier …
Read More »SeedFi: Revolutionizing the Loan Sector with Data-Driven Solutions
Introduction IN today’s rapidly evolving financial landscape, the lending industry has witnessed a significant transformation, driven by innovative fintech companies. One such remarkable player that is about to revolutionized the loan sector is SeedFi, a digital lending platform committed to enhancing financial access, promoting responsible lending practices, and fostering financial …
Read More »Naira To Dollar Black Market Rate Today 8th October 2023
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 7th October below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …
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