The central parity rate of the Chinese currency renminbi, or the yuan, weakened 60 pips to 6.9114 against the dollar on Friday, according to the China Foreign Exchange Trade System.

The central parity rate of the Chinese currency renminbi or the yuan, strengthened 186 pips to 6.9054 against the dollar on Thursday, according to the China Foreign Exchange Trade System.

Guaranty Trust Holding Company Plc (GTCO) has recorded a Profit Before Tax (PBT) of N74.1 billion for the period ended, March 31.

Some financial experts have urged the Central Bank of Nigeria (CBN) to improve its payment system to enhance the speed of settlement transactions.

Some economic experts have urged the Central Bank of Nigeria (CBN) to print and circulate more new naira notes before the Dec. 31 deadline for the withdrawal of the old notes.

Mr Godwin Emefiele, Governor, of the Central Bank of Nigeria (CBN), says the volume of transactions through electronic channels between 2017 and 2021 increased by 836 percent.

The Central Bank of Nigeria (CBN) says it is determined to boost Nigeria’s payment system standard by upscaling e-payment infrastructure.

Prof. Kevin Urama says there is a need to overcome the challenges in mobilizing Diaspora funding for Africa’s development.

The African Development Bank (AfDB) and the Japan International Cooperation Agency (JICA)have signed a JPY 44,100,000,000 (350 million dollars) loan to finance the Bank’s support for private sector operations in Africa.

The African Development Bank (AfDB) Group reiterates that the  African continent was one of the world’s most vulnerable to climate risks.

The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol has increased from N185.30 in March 2022 to N264.29 in March 2023.

The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N4,600.57 recorded in February to N4,610.48 in March.