Naira volatility despite foreign exchange interventions by the Central Bank of Nigeria (CBN) is being compounded by rising inflation, interest rate hike and slow economic growth with consequences for middle- and low-income earners, President, Association of Bureaux De Change Operators…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) in collaboration with the Bankers Committee, on Saturday sensitised traders and consumers at Tejuosho Market on how to conduct eNaira transactions. Traders in wears, shoes, kitchen items, among other commodities, were…
The NGX Banking index is designed to provide an investable benchmark to capture the performance of the banking sector, which comprises the most capitalised and liquid companies in banking. The NGX Banking Index comprises 10 companies. As of close of…
Chams Plc has announced the appointment of Sir. Ayobola Abiola to the company’s board as the Non-Executive Director. This was disclosed through a notice filed with the Exchange and signed by the company’s Secretary, Yetunde Emmanuel. According to the disclosure,…
Chairman of the Capital Market Solicitors Association (CMSA) Mr Chike Obianwu, says that access to capital is a major challenge of Small and Medium Enterprises (SMEs). Obianwu said this at the 2022 Annual Business Luncheon of CMSA, which opened on…
The Debt Management Office (DMO) stated that subscription to FGN savings bonds has increased from about N100 million to over N1 billion in the last few months. This was said in an interview on Tuesday in Ibadan by Mr. Monday…
Interswitch, Africa’s leading integrated payments and digital commerce company, and Compass Plus Technologies, an international provider of retail banking and electronic payments software, have announced a partnership to further strengthen Interswitch’s payment card processing capacity in Africa. The strategic partnership…
Stories by Seun Ibiyemi Wema Bank, is set to reward loyal and transacting customers in season 2 of its Transact for Rewards promotion themed “5for5.” The promo will start in June 2022 and will reward customers every month till the…
Nigeria’s leading financial institution, Access Bank is set to reward its customers in the South-South and South-East region with millions of Naira and other exciting prizes in the DiamondXtra regional draw. The Live draws have been scheduled to hold on…
Fidelity Bank Plc, has commissioned the newly renovated Madrasatul Anwarul Islam school in Zaria, Kaduna State as part of its Corporate Social Responsibility (CSR) initiatives targeted across Nigeria. Established over five decades ago by the Emir’s father, late Maga in…
