The Central Bank of Nigeria (CBN) has released operational guidelines on the Global Service Instructions (GSI), aimed at checking the spate of bad loans within the banking sector. According to a statement by Chibuzo Efobi, for the Director, Financial Policy…
FCMB Group reported a 6.5 per cent jump in post-tax profit for full year 2021 over its figure for the preceding year, according to the unaudited earnings report of the financial services group issued Wednesday. Its shares climbed 1.33 per…
The market capitalisation of the top five banks referred to as the Tier-1 banks or FUGAZ, appreciated by 0.16% to close at N2.63 trillion as at close of business, 28th of January, 2022, as investors in these banks gain a…
Sterling Bank Plc is to organize an award in early February known as the Sterling Heart Fellowship Award, for tech founders whose businesses employ innovative solutions to tackle challenges in the HEART sectors and have been selected to partake in…
The exchange rate between the naira and the US dollar at the official Investors and Exporters (I&E) window closed at N416.25/$1, while it traded as high as N444/$1 before settling lower. Naira gained further against the US dollar on Wednesday…
The Managing Director, INTERMARC Consulting, Mr Adeyinka Adeyemi, a digital financial services firm, has urged Small and Medium Enterprises (SMEs) to adopt digital technologies to scale up businesses. Adeyemi made this known on Thursday during a webinar organised by INTERMARC Consulting…
Wema Bank Plc has announced the appointment of two independent Non-Executive Directors by the Board of Directors. The announcement was made via a disclosure signed by the company’s secretary Johnson Lebile and filed with the Nigerian Exchange Limited. The newly…
…Naira appreciated at the parallel market with a 0.53% gain to close at N568 to a dollar By Seun Ibiyemi The exchange rate between the naira and the US dollar at the official Investors and Exporters (I&E) window closed at…
Over a hundred years since banks came into Nigeria, services rendered to small and medium scale businesses were limited to core banking services and transactions. However, those that cared to look further were able to stand the test of time,…
The International Monetary Fund, IMF, forecast that Nigeria’s economy is expected to grow by 2.7% in 2022 and also grow at the same rate for 2023, adding that it has reduced its global growth outlook for the year. The Global…
