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…
By Kayode Tokede Analysts have forecasted that the Monetary Policy Committee (MPC) members of the Central Bank of Nigeria (CBN) will this week retain status quo on monetary rates to tackle raising inflation in the country. The MPC meeting is…
By Kayode Tokede First Bank of Nigeria Ltd., has been awarded the 2021 ‘Retail Banking CEO of the Year Nigeria;’ ‘Most innovative Retail Banking App Nigeria’ and “Best CSR Bank Nigeria.’’ Chief Executive Officer, FirstBank, Dr Adesola Adeduntan in a…
By Kayode Tokede Naira at the parallel market traded flat on Thursday at N484 against the Dollar. The local currency declined by 0.52per cent and 0.29 per cent against the Euro and Pound Sterling at N585 and N680 respectively. At…
By Kayode Tokede In recognition of the strong underlying fundamentals driving its business, Datapro reaffirmed an “A” rating on the Bank’s N10 billion 7-Year Subordinated Unsecured Bond issued under its N50 billion debt issuance programme. The bond has a fixed…
By Tokede Fidelity Bank Plc has once again demonstrated its resolve to promote and catalyze export businesses in Nigeria with the tenth stream of the Export Management Program (EMP) scheduled to hold at the Lagos Business School (LBS) from June…
By Kayode Tokede with News Agency The Federal Government has commenced dialogue with the World Bank to secure a $75 million loan to provide water in communities nationwide. The Minister of Water Resources, Mr Suleiman Adamu, made the disclosure at…
