Banking

Naira devalued by 5.5% against dollar, according to FMDQ data. Nigeria is seeking to unify its multiple exchange…

China imposed a program to keep large transactions in check amid heightened concerns over the state of its…

The Organised Private Sector (OPS) has commended the recent step by the Central Bank of Nigeria (CBN) towards…

Here’s a simple question: How many mobile money agents are in Nigeria at present? Well, the answer is not so simple…

The Group Chief Executive Officer, United Capital Plc, Mr. Peter Ashade, has called on financial institutions to…

Sterling was headed for its first positive week in four against the dollar on Friday, holding close to the $1.25…

As Spain reopens after the COVID-19 crisis, its banking industry is seizing the opportunity to shrink its swollen…

If it goes according to schedule, the currency of the West African Economic and Monetary Union (UEMOA) since 1945,…

At the black market, the naira appreciated marginally by N1 to a dollar to close at N461 to a dollar. Forex…

Transferring money from your bank account to friends, family and other payees is going to change slightly from the…

Nigerian banks’ foreign currency funding gap will rise to $5bn over the current low oil prices, volatile foreign…

Banks in Nigeria are facing foreign currency shortages because of low oil prices, volatile foreign…

Sterling hovered around $1.24 on Wednesday after manufacturing survey data pointed to a small increase in…

The Managing Director/CEO of NASD Plc, Mr. Bola Ajomale, has said the company, which is providing…

Naira declined against the United States dollar on the Investors and Exporters’ forex window on…

The euro’s best rally in more than two years looks set to extend, with a host of market…

The Presidential Economic Advisory Council, PEAC, yesterday, advised the Federal…

Having successfully used the Investors and Exporters’ (I&E) foreign exchange window to stop the naira…

Scrapping the debt of heavily indebted African nations will only come back to haunt them, according to two of the…

THE federal, states and local governments are set to earn additional N212 billion revenue this year from the…

Data published by the Central Bank of Nigeria’s (CBN’s) website showed that Nigeria’s external reserve is now $36.3…

It's the banking world's version of the rich getting richer. A record $2 trillion surge in cash hit the…

Several U.S. banks are closing branches and offices early on Friday to observe the Juneteenth holiday, which…

U.S. bank profits fell by 69.6% to $18.5 billion in the first quarter of 2020 from the year prior as banks felt the…

President of the African Development Bank (AfDB), Akinwumi Adesina has reacted to the resignation of Jennifer…

The U.S. and Nigeria are facing off in a dispute over whether allegations against the head of the African…

Bank stocks are breaking down. The KBE bank ETF, which includes major companies Citigroup and JPMorgan, has…

Leading Nigerian financial institution, First City Monument bank (FCMB) has issued an official statement to address…

Access Bank Plc plans to cut salaries to avoid job losses as a lockdown to contain the coronavirus hampers the…