Obinna Chima News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mr Ume calls on all eminent Nigerians to join him in building the future of the school in particular and the community in general.

Obinna Chima The Board of Governors of the International Monetary Fund (IMF) has approved a general allocation of Special Drawing Rights (SDRs) equivalent to $650 billion (about SDR 456 billion) to boost global liquidity. The Washington-based institution which disclosed this in a statement yesterday, revealed that Nigeria would be allocated about $3.35 billion out of the sum. SDRs are supplementary foreign exchange reserve assets defined and maintained by the IMF. They are units of account for the IMF, and not a currency per se. Also, they represent a claim to currency held by IMF member coun...

• Naira depreciates to N525 on parallel market, stable on I & E window Obinna Chima and Nume Ekeghe By putting an end to the sale of foreign exchange (FX) to Bureau De Change (BDC) operators, Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has “disrupted one of the juiciest gravy trains in the Nigerian economic racket,” Financial Derivatives Company Limited (FDC) has stated. However, the naira depreciated to N525 to a dollar yesterday on the parallel market, lower than the N505 to a dollar it traded on Tuesday after the central bank announced its discontinuation...

*Olaleye, Chima, Akanbi, Alike, Others also promoted By Nume Ekeghe The board of directors of THISDAY Group has announced new executive and senior appointments for THISDAY Newspapers and the Arise News Channel, with immediate effect. Following the approval of the board, Shaka Momodu after a 7-year stint as the Editor of the Saturday and Sunday titles of the newspaper, has been appointed as the Editor of THISDAY. He succeeds Mr. Bolaji Adebiyi, who was promoted to the position of Managing Editor (Print and Digital). Mr. Israel Iwegbu was announced as the Deputy Managing Director, THISDAY. By t...

By Obinna Chima The banking industry has made a dramatic leap in its Nigerian Sustainable Banking Principles (NSBP) with the recent appointments of two females as Chief Executive Officers (CEOs). The coming on board of the CEOs, Mrs. Miriam Olusanya for Guaranty Trust Bank (GTBank) and Mrs. Yemisi Edun for First City Monument Bank (FCMB) Limited, marks an important paradigm shift in the approach to decision-making and management with regard to gender at the highest levels of the Nigerian banking industry. The NSBP states that as part of a wider sustainable banking commitment, the industry sho...