First Bank of Nigeria has announced that its Naira cards will no longer be used for international transactions starting September 30. The bank said the decision is due to current market realities on foreign exchange. Before now, customers could use…
President of the African Development Bank (AfDB), Dr Akinwunmi Adesina has reiterated commitments made by developed countries to provide 100 billion dollars annually in climate finance for developing countries. In a video posted on the website of the AfDB, Adesina…
Access Bank Plc, has rewarded its customers with millions of Naira, smartphones and other prizes in the first phase of the AccessMore Mega Reward Scheme. Head, Marketing and Communications, Access Bank, Mrs Chioma Afe, said in a statement in Lagos…
The Debt Management Office (DMO), has said that investing in the various Federal Government of Nigeria (FGN) Securities by Nigerians is an act of patriotism. The Director-General of the DMO, Patience Oniha, said this in her remarks at the FGN…
By Blessing Wika, Abuja The Nigeria Employers’ Consultative Association, NECA, has said that most businesses in Nigeria are now on the brink of collapse under the pressures from the economic policy environment. In a statement in Abuja, NECA said organised…
The Debt Management Office (DMO) has stated that/ Nigeria’s total public debt stock, rose to N42.84 trillion (103.31 billion dollars) in June 2022 from N41.60 trillion (100.07 billion dollars) in the previous month. This is according to a statement obtained…
The introduction of the “Race to $200 billion in FX Repatriation” (RT200 FX) by the Central Bank of Nigeria (CBN) has spurred significant improvement in Nigeria’s export remittances, the apex bank has revealed. The Principal Manager, Trade and Exchange Department,…
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of FBN Holdings Plc (FBNH) and its subsidiary, First Bank of Nigeria Ltd. (FBN), ‘B’ from ‘B-’ with a stable outlook. Fitch also upgraded their Viability Ratings (VR) to ‘b’…
The Nigeria Inter-Bank Settlement System (NIBSS) has revealed that bank customers in Nigeria transferred a total of N1.8 trillion over mobile devices in August this year. This came as an all-time high monthly value recorded since the deployment of the…
Jaiz Bank has appointed Dr. Sirajo Salisu as the Managing Director/Chief Executive Officer of the bank. According to a disclosure signed by Mohammed Shehu, the company secretary, Salisu’s appointment would take effect from October 16th, 2022 following the retirement of…
