By Kayode Tokede The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has reiterated that Governors of the 36 States of Nigeria to make their states more viable by investing more in agriculture, particularly crops in which…
Unity Bank Plc has partnered the Rice Farmers Association of Nigeria (RIFAN) on the launching of the Ekiti Rice Pyramid Project in the South-West. The Managing Director of the bank, Mrs Tomi Somefun, in a statement said the launch was…
Heritage Bank Plc, Nigeria’s most innovative banking service provider has joined forces with Silverbird Group to empower and deepen its support to young entrepreneurs in the Nigeria creative and entertainment industry. This, the bank said, is in line with its…
The Central Bank of Nigeria (CBN) has said Naira closes flat at N410.25 against the Dollar at The Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) market on Wednesday. In what could be another step in the gradual harmonization of exchange…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Ratio at 11.5 per cent for the fifth consecutive time. The CBN Governor, Mr Godwin Emefiele, presenting a communique from the MPC…
The Central Bank of Nigeria (CBN) has debited banks a total of N120.2 billion for failing to meet its Cash Reserve Ratio (CRR) policy CRR debits implemented by the CBN from time to time and estimates over N10 trillion has…
Naira at the Investors & Exporters Foreign Exchange (I & E FX) window on Tuesday depreciated by 0.08 per cent against the Dollar to close at N411.56. The local currency gained against the Euro and Pound Sterling by 0.10per cent…
By Kayode Tokede Following the completion of all regulatory procedures, Grobank Limited has been officially renamed Access Bank South Africa Limited. The deal was finalized after Access Bank’s acquisition of controlling shares in the former Grobank Limited, South Africa. With…
By Kayode Tokede The Central Bank of Nigeria (CBN) on Monday issued a circular introducing new licence requirement for Nigerian payments systems. The circular classifies payment service providers into six major categories and introduces permissible activities for each of the…
By Kayode Tokede The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has disclosed that the Bank has dedicated N100 billion for the financing micro, small and medium enterprises (MSMEs) in the country. This, he said is to enable them contribute more…
