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Banking
Full List Of CBN 100 For 100 Policy Beneficiary
The Central Bank of Nigeria (CBN) has released the list of 28 companies that took home N23.2 billion from the first…
Nigeria: Otedola Nominates Three Directors For First Bank Board
Billionaire Femi Otedola has made new nomination into First Bank barely two months after he became the single…
CBN Okays Ahmad Abdullahi Appointment As FBH Chairman
The Central Bank of Nigeria (CBN) has okayed the appointment of Alhaji Ahmad Abdullahi as non-executive director of…
CBN 100 For 100 Policy: 28 Companies Benefitted
Godwin Emefiele, governor of the Central Bank of Nigeria(CBN), says 28 companies benefitted from the first cycle of…
FUGAZ investors gain over N4 billion combined during the week
FUGAZ an acronym for the five biggest banks in Nigeria by market capitalization appreciated by 0.16% as investors…
Manufacturers Association Urges CBN To Extend e-Invoice Implementation
The Manufacturers Association of Nigeria has urged the Central Bank of Nigeria (CBN) to extend the implementation…
Goldman Sachs Forecast Five Rate Hikes In Federal Reserve This Year
Goldman Sachs is forecasting that the U.S. Federal Reserve will raise interest rates five times in 2022, versus…
Employee Of Deutsche Bank’s “Postbank” To Stage Strike
Some employees of Deutsche Bank's Postbank will stage a strike on Monday to raise pressure on management to meet…
How To Report Financial Institution -CBN
The Central Bank of Nigeria(CBN) has issued a guide on how aggrieved customers can complain about financial…
China Securities And Regulatory Commission Is In Talks With Foreign Bank To Soothe…
The China Securities and Regulatory Commission (CSRC) met this week with the executives of top western banks and…
Nigeria’s Recorded $55.5bn Forex Inflow In Seven Months
The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of…
Tesla Countersue Bank For Seeking Windfall
Tesla Inc on Monday fought back against JPMorgan Chase & Co over a disputed bond contract, countersuing the…
Afreximbank Pan-African Payment And Settlement System (PAPSS) Explained
On the 28th of September, 2021, the Afreximbank in conjunction with the African Continental Free Trade Area…
Naira depreciates as banks shift BTA/PTA rates to N419 per dollar
The value of the Nigerian naira depreciated by 1.5 percent as banks shifted personal travel allowance (PTA) and…
Parallex transforms from microfinance to commercial bank
Parallex Bank says it has officially transitioned from a microfinance institution to a commercial bank.
The bank…
Verdant holds first close for hybrid capital Fund
Hybrid Fund initially has $36 million of committed capital Support for micro, small and medium-sized enterprises…
Nigeria: Association of Bureaux De Change Operators Of Nigeria Urge CBN To Remove…
Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN), to…
Nigeria’s Private Sector Borrows N5.16 Trillion From Banks In 11 Months 2021
Private sector credit rose to a record high of N35.31 trillion as of November 2021, representing N5.16 trillion net…
Stanbic, Standard Chartered, Citi Lead As Banks Record $38.2bn Foreign Inflows
Stanbic IBTC, Standard Chartered Nigeria, and Citibank Nigeria lead as capital importation from banks hit $38.18bn…
We Are Not Affiliated With Access Capital Investment Platform, Says Access Bank
Access Bank Plc says it has no business engagement or affiliation with Access Capital Investment Platform, an…
‘No Staff Will Be Affected In 2022’ — Standard Chartered Confirms Closure Of…
Standard Chartered Bank has confirmed the closure of 50 percent of its Nigerian branches.
Dayo Aderugbo, Head,…
Standard Chartered To Shut Half Of Nigeria Branches
Standard Chartered Plc is closing about half its Nigerian branches in a pivot to digital banking, according to…
Expert: CBN Policies Can’t Rescue Naira
The naira-dollar exchange rate gap widened from N80.67 per dollar at the beginning of 2021 to N152.83 per dollar…
Israel’s One Zero Digital Bank Gains Full Licence
One Zero Digital Bank has received final regulatory approval for a full banking licence, the Bank of Israel said on…
CBN’s Quarterly Forex Intervention Drops By $930m
The Central Bank of Nigeria’s foreign exchange intervention in the economy declined by $930m in the third quarter…
Review forex ban on 40 items to save naira, economists tell CBN
The Centre for the Promotion of Private Enterprise, has advised the Central Bank of Nigeria to review its ban on…
Turkish Lira Slips As Inflation Seen Soaring Higher
The lira slid as much as 4% against the dollar on Tuesday as Turkey girded for inflation to rise further after…
Sonny Odogwu, Access Bank And N50 Billion Debt
Many years ago, I sat in the office of a big man who shall remain nameless- and he expressed serious concerns about…
China Central Bank Launches Digital Yuan Wallet Apps For Android, iOS
China has released pilot versions of its digital yuan wallet application on mobile phone app stores as the…
We Paid Out Over N240bn To Customers In 2021 – PiggyVest
PiggyVest, a savings and investment platform, says over N242 billion was paid to 3.5 million customers in 2021.…