By Kayode Tokede The Central Bank of Nigeria (CBN) has stated in its revised regulatory framework for Bank Verification Number operations that violators will be sanctioned. This was disclosed in a circular titled “Issuance of revised regulatory framework for Bank…
By Kayode Tokede Sparkle, a mobile-first digital bank that provides financial, lifestyle and business support services to Nigerians across the globe, has raised an oversubscribed seed round of $3.1million or N1.3billion from an all-Nigerian group of investors including Leadway Assurance,…
By Kayode Tokede Access Bank has created dollar debit cards that customers can use in accessing foreign exchange outside the country. The bank in an email to customers titled “Important Update on Personal/Business Travel Allowance” informed them of the creation…
By Kayode Tokede The Central Bank of Nigeria (CBN) has ordered banks to apply exchange rates in the Investors and Exporters (I&E) window for outbound payments through the Pan African Payments and Settlement System (PAPSS). The CBN disclosed this in…
By Kayode Tokede Due to popular customer demand, Ecobank Nigeria has flagged off Season Two of its Super Reward programme. Head, Consumer Banking, Ecobank Nigeria, Korede Demola-Adeniyi who announced the commencement of the Season Two campaign in Lagos, said the…
By Kayode Tokede No fewer than three thousand girls drawn from Senior Secondary Schools across Nigeria have benefitted from a 3-day capacity building initiative on maritime commerce and National Virtual Maritime Quiz powered by Unity Bank Plc. The capacity building…
By Kayode Tokede Naira at Investors & Exporters Foreign Exchange (I & E) FX window on Tuesday appreciated by 0.02 per cent to close at N414.30 against the dollar. The local currency against the euro also appreciated by 0.15 per…
By Kayode Tokede The average yield on the Treasury bills inched higher on Tuesday ahead of the Central Bank of Nigeria (CBN) primary market auction (PMA) on Wednesday. In the secondary market, the Nigerian T-bills traded on mixed sentiments following…
By Kayode Tokede Quickteller Paypoint, the agency banking service of Interswitch Financial Inclusion Services (IFIS), has joined the rest of the world to celebrate this year’s customer service week themed “Power of service” by recognising 40 transacting agents in October…
By Olaleye Anuoluwapo-Abuja Naira at Investors & Exporters (I&E) Foreign Exchange window depreciated by 0.02 per cent on Monday to close at N414.40 against the dollar. The local currency at the specialized investors and exporters’ window also closed down by…
