The Naira on Friday remained constant exchanging at N428.12 to the dollar at the Investors and Exporters window. The local currency remained unchanged at N428.12 to the dollar, same as the N428.12 traded on Thursday. The open indicative rate closed…
Africa’s first cassava-based sorbitol factory, constructed by Psaltry International Limited (PIL) in partnership with First City Monument Bank (FCMB) and Unilever Nigeria, has been commissioned at an impressive ceremony by the Governor of Oyo State, His Excellency, Seyi Makinde, in…
Access Bank Plc revealed that the bank has embarked on a business conversation with its customers, especially the Small and Medium Enterprises (SMEs), with a view to support and promote their business engagement through sharing of different business promotions and…
Loans by Microfinance banks surged to N1.12 trillion as of the end of June 2022, representing a 115.7% increase compared to N521.25 billion recorded as of the end of 2021. This means that microfinance banks issued an aggregate of N602.8…
The Central Bank of Nigeria (CBN) has advised members of the Organised Private Sector (OPS) to always ensure that they repatriate foreign exchange (FX) proceeds back to the apex bank in order to ease FX pressure in the country. Deputy…
First Bank of Nigeria Limited has announced that its agent banking network, Firstmonie Agents, spread across the country, has collectively processed transaction volume in excess of 1 billion, amounting to over N22 trillion. The Bank currently has over 180,000 Firstmonie…
Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC has announced the first-of-its-kind partnership with Bento Africa, to offer more value to Nigerian businesses of all sizes. Bento Africa is a payroll and Human Resource Management (HRM) company…
Former Minister of Finance, former Minister of National Planning, and former Deputy Governor of the Central Bank of Nigeria, Dr. Shamsuddeen Usman has been appointed the Chairman of the Board, Citibank Nigeria Limited effective July 20, 2022. Usman had served…
…Views issuance of bench warrant on its Managing Director as inappropriate By Seun Ibiyemi Wema Bank PLC has denied in its entirety, the allegations of dud cheque and forgery levelled against it and its Managing Director, Mr. Ademola Adebise. The…
By Seun Ibiyemi United Bank for Africa Plc, Africa’s global bank, yesterdayannounced the appointment of Oliver Alawuba as Group Managing Director, overseeing all the Group’s banking operations across its twenty-African-country network and globally in the United Kingdom, the United States…
