Despite multiple interventions by the Central Bank of Nigeria to defend the Naira, the Naira fell by N22 in the first quarter of 2022. At the official Investors and Exporters (I&E) market, the naira-US dollar exchange rate has remained constant…
Wema Bank Plc has partners with Union Systems Limited, Africa’s leading trade finance company, to automate its trade finance operations. The bank selected Union Systems’ Kachasi trade finance software over all other international trade finance software solutions due to its…
The Chief Executive Officer, Centre for the Promotion of Private Enterprises (CPPE), Dr Muda Yusuf has called for an urgent review of Nigeria’s foreign exchange policy to stem its slide and volatility. Yusuf gave the advice at the maiden edition of…
The Nigerian Deposit Insurance Corporation (NDIC) has reassured creditors and depositors of the safety of their funds even when such institutions fail, saying it has paid a total of N119.101 billion as insured sums to 535,815 depositors, creditors and shareholders…
The Central Bank of Nigeria (CBN), has warned Deposit Money Banks (DMBs) to stop bringing “composed banknotes” as part of their deposits with the apex bank. The warning is contained in a circular issued in Abuja by Ahmed Umar, the…
The Debt Management Office (DMO) has revealed that the reason for Nigeria’s rising government debt levels is due to increasing budget deficits over the years. This was disclosed by the Director-General of DMO, Patience Oniha in an interview with journalists…
Access Bank Plc. Chairman, Dr Ajoritsedere Awosika has called for the active participation of women in political leadership in other to move the nation forward. Awosika made the call at the Vanguard International Women’s Day Conference held on Thursday at Radisson…
President Muhammadu Buhari has lauded the Bank of Industry (BOI) for disbursing over N1.24 trillion to 4.2 million beneficiaries in Micro, Small, Medium and Large enterprises and creating more than nine million jobs in the last seven years. The president made…
The Director-General, Debt Management Office (DMO), Ms Patience Oniha on Thursday reiterated the Federal Government’s commitment to bridging the nation’s infrastructure deficit to attract foreign investors into the country. Oniha said this while delivering the keynote address at the 4th National…
The Central Bank of Nigeria (CBN), having reviewed and incorporated comments from various stakeholders, has issued guidelines for the regulation and supervision of Credit Guarantee Companies (CGC) in Nigeria. This, it says, would provide guidance on regulatory expectations from credit…
