Adebukonla Idowu, Author at Financial Street is a meeting point for technology, economy, and journalism.

Nigeria's dollar reserves hit $35.6bn, resumes sales to BDCs

Business & Economy

CBN to pay N5 for every dollar remitted

March 7, 2021

The Central Bank of Nigeria has promised to pay N5 for every dollar remitted through licensed International Money Transfer Operators...

Fixing freight rate for PMS hinders deregulation

Business & Economy

Lagos residents paid lowest for petrol in January

by Adebukonla Idowu

February 24, 2021

Residents of Lagos paid the least for Premium Motor Spirit in January, buying at an average of N160.75 per liter...

Companies

Zenith Bank posts N230bn profit, pays N2.70/share

by Adebukonla Idowu

February 23, 2021

Zenith Bank has posted its 2020 full year audited financials declaring a dividend of N2.70 for every 50k share held...

Paxful accelerates Bitcoin entrepreneur development education in Southern Africa

Business & Economy

Bitcoin slides below $45,000

by Adebukonla Idowu

February 23, 2021

With market volatility wiping out close to $10,000 from the value of Bitcoin in less than 24 hours and stripping...

Business & Economy

Nigerian bank customers lose N3.35bn to fraudsters

by Adebukonla Idowu

February 22, 2021

Bank customers in Nigeria lost over N3.35bn to fraudsters in the third quarter of last year. The criminals took advantage...

CBN disclaims ‘fake’ N2,000 and N5,000 banknotes

Business & Economy

CBN releases framework for open banking

by Adebukonla Idowu

February 18, 2021

Nigerian bank customers can now have more options and value from their financial institutions, as the Central Bank of Nigeria...

World Bank: Kenya’s economic growth will rebound next year

Business & Economy

Nigeria records first growth since COVID-19

by Adebukonla Idowu

February 18, 2021

The Nigerian economy took a turn for the better as it recorded its first growth since the Coronavirus Disease hit...

Inflation rose to 14.23 per cent in October

Business & Economy

Inflation rises to 46-month high at 16.47%

by Adebukonla Idowu

February 16, 2021

The rate at which prices of goods and services rise soared to a 46-month high as the inflation figure for...

Again, OPEC revises down oil demand in 2021

Business & Economy

Oil price rises to 13-month high

by Adebukonla Idowu

February 15, 2021

The price of Brent Crude rose to a 13-month high on Monday selling at $63 per barrel in early Asian...

Markets & Companies

Fidelity Bank’s N41.2bn bond proceeds for infrastructure, SMEs

by Adebukonla Idowu

February 15, 2021

Fidelity Bank says it plans to use proceeds of the 10-year fixed-rate unsecured subordinated bond it raised at an 8.5...