…China adopts law on futures, derivatives The central parity rate of the Chinese currency renminbi, or the yuan, weakened 276 pips to 6.3996 against the U.S. Dollar on Wednesday, according to the China Foreign Exchange Trade System. In China’s spot…
Nigeria has become a hotbed of new fintech firms, and was reported as a leading destination for venture capital in Africa last year, surpassing South Africa, the continent’s most developed economy. African start-ups attracted a record $5.2 billion in venture…
…Says no staff of bank was involved in incident Kuda Bank has responded to the viral video of a customer being dragged out of its office by armed police officers. The video, which was published on Twitter showed a Kuda…
Union Bank of Nigeria has received the highly acclaimed Award for the Best Trade Finance Platform Initiative, at the recently concluded Middle East & Africa Banking Innovation Awards 2022. The Middle East & Africa Banking Innovation Awards, organised by The…
Bankole Taiwo, Abeokuta Mr Olugbenga Olaleye, the Chairman, Ogun Board of Internal Revenue Service (OGIRS), on Tuesday, said that the agency had generated N11.8billion as revenue between January and March to the coffers of the state government. Olaleye stated this…
Fidelity Bank has denied that a video showing man dancing was a protest against its Bank, saying that the picketing was rather done against Anambra State Waste Management Authority (ASWAMA). This was disclosed by the bank via a statement issued…
A total of 101 staff from various subsidiaries of SIFAX Group have undergone different trainings in the first quarter of 2022. Mr Oluwakayode Alonge, Group Head, Human Resources, SIFAX, said this in a statement on Tuesday in Lagos. Alonge said…
Firstbank, Nigeria’s leading financial services solution provider joined the rest of the world in promoting financial inclusion in the country as the universe celebrates 10th Global Money Week from 21 – 27 March 2022. The Global Money Week is celebrated…
The Nigerian Economic Summit Group (NESG) has called on the Central Bank of Nigeria to remove capital controls on forex. The group further warned of the implications the Russian-Ukraine war portend, citing that tensions have triggered global supply chain disruptions,…
The National Bureau of Statistics (NBS) said on Saturday that the nation’s inflation rate increased to 15. 92 per cent in March 2022. According to a report released by NBS in March 2022 the Consumer Price Index (CPI) which measures…
