Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), on Tuesday in Abuja, signed a Memorandum of Agreement with 15 Micro Finance Banks for the implementation of the One Local Government, One Product (OLOP) programme. OLOP is SMEDAN’s flagship programme…
Ecobank Nigeria has reiterated its commitment towards promoting mental awareness for its staff, customers and the communities where it operates being part of its corporate action to support general wellbeing amongst citizens. This, according to the bank, is necessary in…
Fidelity Bank Plc has restated its commitment to stable leadership and strong corporate governance to ensure customers’ and investors’ satisfaction. This was made known by the bank’s Managing Director/Chief Executive Officer, Mrs Nneka Onyeali-Ikpe, on Monday in Lagos. Onyeali-Ikpe made…
By Olaleye Aanuoluwapo, Abuja A Federal High Court in Abuja has vacated with immediate effect an interim ruling under which the Central Bank of Nigeria (CBN) froze the bank accounts of RiseVest Technologies in two banks. The Central Bank blocked…
By Kayode Tokede President Muhammadu Buhari is scheduled to formally unveil the Central Bank’s Digital Currency (CBDC), known as the eNaira, on Monday in Abuja. The Director, Corporate Communications, Central Bank of Nigeria (CBN), Osita Nwanisobi in a statement on…
Foreign exchange (FX) rate pressures persist this week as inflows from Eurobonds, special drawing rights pushed the Nigerian gross external reserves to about $41 billion, according to data from the Central Bank (CBN). Naira exchange rate stays unimpressive for the…
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services organisation has announced its partnership with Nigeria Inter-Bank Settlement System plc (NIBSS) on its recently launched Nigeria Quick Response (NQR) Payment Solution. The NQR is an innovative payment…
By Matthew Denis, Abuja World Bank has said energy prices soared in the third quarter of 2021 and are expected to remain elevated in 2022. The Bank added that soaring energy prices drive global inflationary pressures and potentially shifting economic…
By Matthew Denis, Abuja The Central Bank of Nigeria (CBN) has said it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment. The CBN disclosed this on Wednesday in a report, titled ‘Guidelines for the…
The Central Bank of Nigeria (CBN) has stated that the eNaira can serve as a medium for the government to send direct payments to citizens eligible for specific welfare programs. The apex bank in a document titled, “Design Paper for…
