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Naira Fell 460 Per Dollar On Black Market

Naira Fell 460 Per Dollar On Black Market

The Nigerian naira fell to 460 to the dollar on the black market, down from 452 at the close of trading on Tuesday. The  local currency plunged further to a new record low on Wednesday, down 1.76 percent against the dollar on the parallel market even as dollar supplies dry up. Though the naira closed at […]

Soludo Says Falana’s $1.7bn Allegations Against Him Are ‘Blatant Lies’.

Soludo Says Falana’s  $1.7bn Allegations Against Him Are ‘Blatant Lies’.

Charles Soludo, a former governor of the Central Bank of Nigeria, has denied claims by lawyer, Femi Falana (SAN) that he unlawfully gave $7 billion of Nigeria’s reserves to banks as loans and never recovered them. Falana had also alleged that another former governor of the CBN, Sanusi Lamido also gave another unrecovered N600 billion as bailout […]

EFCC Freezes Patience Jonathan’s $5M Skye Bank Account

EFCC Freezes Patience Jonathan’s $5M Skye Bank Account

The wife of the immediate past president of the Federal Republic of  Nigeria, Patience Jonathan,  had her personal account, titled ‘Patience Ibifaka Jonathan’, which is domiciled in Skye Bank Plc. frozen by the Economic and Financial Crimes Commission (EFCC). Impeccable sources within the agency told our correspondent on Wednesday that the move had become necessary due […]

Jumia Revenue Falls By 56%, EUR35.4 Million Loss.

Jumia Revenue Falls By 56%, EUR35.4 Million Loss.

Jumia, Rocket Internet’s eCommerce group in Nigeria and Africa has just released its 2016 half year consolidated result showing the company recorded a net loss of EUR35.4 million within the period. When compared to its net loss recorded in last year, the company has managed to reduce its loss by 19%. In the first half […]

How To Buy Recharge Card For Your Phone Using Your Bank Account

How To Buy Recharge Card For Your Phone Using Your Bank Account

How to buy airtime (credit) from your Access bank account, dial *901*amount#. Ussd code: To recharge N50, dial *901*100#. The minimum amount you can recharge is N50 while the maximum is N5,000. How to buy airtime (credit) from Ecobank bank, dial *326*amount#. Ussd code: To recharge #200, dial *326*200# How to buy airtime (credit) from […]

Banks To Sell Dollars @ N197, To 2016 Hajj Pilgrims

Banks To Sell Dollars @ N197,  To 2016 Hajj Pilgrims

As the rates increase Hajj pilgrims are stranded as they can not afford naira at the current parallel market rate of N400 to $1 The Central Bank of Nigeria, CBN, on Thursday therefore, directed banks and authorised forex dealers to sell the Pilgrims Travelling Allowance, PTA, to intending pilgrims at a concessionary exchange rate of […]

The New Cbn Forex Policy Explained – July 2016

The New Cbn Forex Policy Explained – July 2016

The Central Bank of Nigeria announced a new foreign exchange policy with the most significant being that there will be only a single market for acquisition of the foreign currency. This announcement was made by Godwin Emefiele who is the governor of CBN on Wednesday, June 15. FIRST CATEGORY OF IMPORTERS Importers that open letters […]

2016 Budgets By States In Nigeria

Take a critical look at the budget and see states which are following the part of change…..Note the figures are in Naira Federal Republic of Nigeria…….6.08T Abia State ……………..INCONCLUSIVE Adamawa State ……………..100.89B Akwa Ibom State……………..426B Anambra State …………….. 101.4B Bauchi State …………….. 102B Bayelsa State…………….. INCONCLUSIVE Benue State …………….. INCONCLUSIVE Borno State …………….. INCONCLUSIVE Cross […]

10 Things You Should Know About Bank Verification Number (BVN)

10 Things You Should Know About Bank Verification Number (BVN)

1. The deadline is on tuesday, 30th Of June , 2015.  Now extended till 31st October 2015. 2. The process of obtaining one is very simple and can be very  fast. 3. You only need to do it in one bank, you dont need to do it in all banks that you have an account. […]

FIDELITY BANK PLC Sort Code

FIDELITY BANK PLC Sort Code

BANK CODE BRANCH SORT CODE BRANCH NAME ADDRESS LINE1 ADDRESS LINE 2 ADDRESS LINE 3 070 070151002 HEAD OFFICE BRANCH 2 KOFO ABAYOMI STREET V/I VICTORIA ISLAND LAGOS 070 070151015 IKEJA 1 BRANCH 2A ALLEN AVENUE IKEJA IKEJA LAGOS 070 070151031 OKE ARIN BRANCH 32 ISSA WILLIAMS STREET OKE AR OKE ARIN LAGOS 070 070151044 […]

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