The Association of Bureaux Des Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) and the Federal Government to embrace practical solutions to salvage the naira. Alhaji Aminu Gwadabe gave the advice in an interview with…
Union Systems Limited has announced that Wema Bank Limited, a leading financial services provider, has gone live on Kachasi Trade Finance Software to achieve full automation of their trade finance operations. The bank went live on the 15th of August…
The Chartered Institute of Bankers of Nigeria (CIBN) has promised that the industry will deliver exceptional value to stakeholders in 2023. The CIBN President and Chairman, Dr Ken Opara, gave the assurance while delivering his welcome remarks at the ninth…
A major step towards achieving financial inclusion and cashless policy was taken on Thursday as the Central Bank of Nigeria (CBN) took the sensitisation crusade to the popular Wuse Market in Abuja. The event had officials of the apex bank,…
The naira on Friday exchanged at 461.90 to the dollar at the Investors and Exporters window. The figure represents a decrease of 0.16 per cent, compared with the 461.17 it exchanged on Thursday. The open indicative rate closed at N461.20…
Sterling One Foundation has won the pioneer winner of the ECOSEASterling One Award for Most Outstanding Foundation in Environmental Sustainability. The Environmental Sustainability Conference, Expo, and Awards (ECOSEA) hosted by Brand Communicator, a leading brand and marketing publication, and Impact…
The World Bank Group has once again lowered its growth projection for Nigeria’s economy, citing a weakened oil sector as its primary reason. This was contained in the bank’s Global Economic Prospects report published on Tuesday. According to the projection,…
Deposits by Nigerian banks rose by N6.92trn from N36.13trn as of the end of October 2021 to N43.05trn in the corresponding period of 2022. This was contained in the personal statements of members of the Central Bank of Nigeria Monetary…
The global price of Bitcoin, the most successful cryptocurrency, fell by 65.29 per cent in 2022. This came as the adoption of digital currencies fell in a year rocked by crypto scandals, with the fall of FTX dominating the airwaves.…
The Nigerian Exchange Limited (NGX) has listed Wema Bank Plc on the NGX 30 Index following the outcome of the 2022 market index review. This was disclosed by the NGX in a statement detailing the results of its full-year market…
