Global economic growth was projected to slow to 1.7 per cent in 2023, 1.3 per cent lower than the forecast made in June last year, marking its third-weakest pace in nearly three decades, the World Bank Group said in its…
The naira on Wednesday exchanged at 461.90 to the dollar at the Investors and Exporters window. The figure represented a decrease of 0.09 per cent, compared with the 461.50 it exchanged on Tuesday. The open indicative rate closed at N460.25…
The Central Bank of Nigeria (CBN) will monitoring commercial banks to ensure that they comply with the directive of loading the redesigned naira notes in their Automated Teller Machines (ATMs). CBN Director, Currency Operations, Mr Ahmed Umar, made this known…
Guaranty Trust Bank UK Ltd. (GTBank UK) has reached a settlement with the UK Financial Conduct Authority (FCA) accepting findings in relation to Anti-Money Laundering (AML) controls in its operations between October 2014 and July 2019. A statement by the…
The Central Bank of Nigeria (CBN), Gombe State office, has taken its sensitisation on the newly redesigned naira notes to Gombe Main Market, urging traders to deposit old notes before Jan. 31. Speaking during the event on Tuesday, CBN Branch…
The Director of the Centre for Promotion of Private Enterprise (CPPE), Muda Yusuf has said that Nigeria’s cash-to-GDP ratio is one of the lowest in the world at 1.5 per cent. He stated this while speaking on the scarcity of…
The Central Bank of Nigeria (CBN) has announced that it has been able to record massive success in its efforts to take back the excess cash outside the banking sector. The apex bank in its latest monetary data released on…
Stanbic IBTC Capital, the investment banking subsidiary of Stanbic IBTC Holdings PLC, won four awards at the recently concluded EMEA Finance African Banking Awards 2022. For the 8th consecutive year, Stanbic IBTC Capital was named Best Investment Bank in Nigeria.…
The Central Bank of Nigeria (CBN) has insisted that the CBN has enough new notes to go around the nation ahead of the January 31 deadline when old notes will cease to be legal tender. The Director of Corporate Communication,…
Zenith Bank has joined other Nigerian banks that have suspended international transactions on naira cards. Zenith Bank has said its customers will no longer be able to carry out any international transaction on their Naira Automated Teller Machine (ATM) cards…
