The exchange rate between the Naira and the US dollar closed at an average of N740/$1 on Thursday, at the black market, representing a 3.52 per cent gain compared to the previous day rate, and its strongest level in three…
Gov. Yahaya Bello of Kogi on Wednesday presented N172 billion 2023 Appropriation Bill to the state House of Assembly for deliberation. Presenting the budget entitled: “Budget of Transformation,” Bello said that the 2023 budget was geared towards providing peace and…
Sterling Bank Plc, Nigeria’s leading commercial bank, has partnered with Nigeria Jubilee Fellows Programme (NJFP) to sponsor 1,000 fellows during this year’s training programme. Managing Director and Chief Executive Officer (MD/CEO) of Sterling Bank Plc, Mr. Abubakar Suleiman said, at…
The naira remained unchanged on Wednesday, exchanging at 445.30 to the dollar at the Investors and Exporters Window The local currency did not change from its value on Tuesday while the open indicative rate closed at N444.25 to the dollar…
The Central Bank of Nigeria (CBN) says it has no plan to introduce N5,000 denominated bank note as being speculated by some sections of the society. Ahmed Umar, the Director, Currency Operations of CBN clarified this at a three-day workshop…
By Idris Bakare Wema Bank, has emerged the overall winner in the just concluded 2022 edition of the Nigeria Bankers Games with a record-breaking 22 medals. At the end of the games, reputed as the most prestigious sporting competition in…
By Idris Bakare Nigeria’s foremost ingenious payment software, Remita, bagged two awards at the recently concluded Nigerian Fintech Awards. Remita won Best Lending Support Service Provider and Best Corporate Payments Platform on the same night. Remita had earlier won the…
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, in line with its contributions to an improved healthcare sector in the country, has upgraded its short-term loan solution within the healthcare value chain. This upgrade ensures a flexible repayment period,…
…Says adequate funding is crucial to effective implementation of deposit insurance system By Matthew Denis The Managing Director and Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan has disclosed that the corporation has paid a whopping total sum…
Governor, Central Bank of Nigeria, CBN, Emefiele has projected 15 per cent decline in inflation rate 2023. He stated this in a keynote address delivered at the annual Bankers Dinner Night of the Chartered Institute of Bankers of Nigeria, CIBN,…
