The Naira appreciated against the dollar on Wednesday, exchanging N461.24 at the investors’ and exporters’ window. The rate represented an increase of 0.11 per cent when compared to the N461.75 for which it exchanged to the dollar on Tuesday. The…
President/Chairman, Board of Directors of African Export-Import Bank (Afreximbank), Prof. Benedict Oramah has proposed creation of a Domestic Financial System that would allow Africa develop, prosper and earn respect. He made the proposal at the Chartered Institute of Bankers of Nigeria…
The Central Bank of Nigeria (CBN), in collaboration with the Bankers Committee, has begun its sensitisation and public enlightenment in Kano markets, to enhance the adoption of eNaira. The team, comprising CBN staff and representatives of some commercial banks, took…
Nigeria’s Parallex Bank Ltd. has received $10 million trade finance facility from the African Export-Import Bank (Afreximbank) for Small and Medium-sized Enterprises (SMEs). The Managing Director/Chief Executive Officer, Parallex Bank, Dr Femi Bakre said this in a statement on Wednesday…
By Olumide David Investigation by Nigerian NewsDirect has revealed that banks have limited Automated Teller Machines (ATMs) cash withdrawal to N20,000. This is even as customers lamented over the limit. Findings show that Fidelity bank along Ota, Joju road was…
The Central Bank of Nigeria (CBN)has revealed that banks’ credits to the government rose by N3.77trillion in the first two months of 2023. It stated that the total government credit which ended December 2022 at N24.66trillion rose to N28.43trillion as…
Polaris Bank has continued to deepen its financial advocacy role of educating and inculcating in young Nigerians the culture of savings, investment and financial awareness during the 2023 Global Money Week (GMW) event. The week-long activity, which kicked off last…
Ecobank Nigeria last week embarked on financial education for Secondary School students across the country on personal financial management including savings, budgeting, and investment being part of activities to commemorate the Global Money Week (GMW). Tutoring the students of Comprehensive…
Olumide David The Central Bank of Nigeria, (CBN) has partnered with the Deji of Akure, Oba Aladetoyinbo Aladelusi, and also urge the residents in the state to use the E-naira platform for their transactions. The CBN said the partnership was…
The Small and Medium Enterprises Development Agency (SMEDAN) has commenced the training of 90 unemployed youths in fashion, leather work and hair dressing in Taraba. Director General of the agency, Mr Olawale Fasanya said this at the opening of the National…
