By Kayode Tokede Leading innovative financial institution, Wema Bank, is fulfilling its promise to make this year as exciting as possible for its customers with the commencement of its newly launched reward scheme, 5 for 5, in which customers stand…
By Kayode Tokede Fitch Ratings has revised the Outlook on Union Bank of Nigeria Plc to stable from negative, and affirmed the financial service boutique’s Long-Term Issuer Default Rating (IDR) at ‘B-,’ putting the viability rating (VR) at ‘b-.’The ratings…
By Aanuoluwapo Olaleye, Abuja First City Monument Bank (FCMB) has explained that its increased and consistent support to Small and Medium Scale Enterprises (SMEs) is aimed at further empowering them to take the lead in the growth and development of…
By Aanuoluwapo Olaleye, Abuja The Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has expressed the readiness of the Corporation to partner with the Bureau of Public Service Reforms (BPSR) towards enhancing innovation in…
By Aanuoluwapo Olaleye, Abuja The Central Bank of Nigeria (CBN) on Monday began preparing the Nigerian financial sector, through a Town Hall meeting, to take full advantage of the African Continental Free Trade Area (AfCFTA) Agreement. The meeting, organised via…
By Aanuoluwapo Olaleye, Abuja Leading financial institution, Coronation Merchant Bank Limited, has announced the appointment of Chinwe Egwim as the Chief Economist of the Bank as of June 28, 2020. Prior to joining Coronation Merchant Bank, she had worked at…
First Bank of Nigeria Ltd has pledged to support the Rotary Club of Lagos intervention projects with the sum of N5 million. The Chief Executive Officer of the bank, Dr Adesola Adeduntan, made the pledge at the induction of the…
Open Market Operations(OMO) sales by Central Bank of Nigeria (CBN) dropped by 48.5 percent in half year of 2021 to N1.8 trillion as against N3.49trillion reported in first half of 2020. OMO is basically designed to be a short-term market…
By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange (I& E) FX window lost by 0.16 percent to N411.50 against the Dollar on Thursday. Against other currencies, the local currency also depreciated against the Euro by 0.13 percent…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that it seeks to raise a sum of N722.2 billion in cash through the issuance of Treasury Bills (TBs) in the (Q3) third quarter of 2021. The apex bank…
