The Naira at the parallel market dropped by 0.60 per cent on Tuesday to close at N505 against the Dollar. The local current depreciated by 0.14 per cent and 0.17 per cent against th Pound Sterling and Euro to close…
By Aanuoluwapo Olaleye, Abuja Naira at the official market of the Central Bank of Nigeria (CBN) traded flat at N41 against the Dollar on Monday. This followed Monday’s public holiday by the federal government to mark 2021 Democracy day. Our…
By Aanuoluwapo Olaleye, Abuja Bank customers on Monday expressed dissatisfaction over the introduction of N6.98 on Unstructured Supplementary Service Data (USSD) charges in Nigeria. Bank customers early in the month started to see a notice to pay N6.98 for each…
By Aanuoluwapo Olaleye, Abuja Access Bank Plc, has launched what it termed the ‘Diamond Business Advantage (DBA) lite’ in a bid to increase its digital loans and enhance access to finance for young entrepreneurs. The bank said the product which…
By Kayode Tokede The Chartered Institute of Bankers of Nigeria (CIBN) has unveiled a new Strategic Initiative with the acronym “A-TEAM” being part of efforts by the institute to revamp banking practice in Nigeria. Speaking during a courtesy visit to…
By Kayode Tokede A total of six leading banks in Nigeria reported 35per cent increase to N202.5billion fee & commission income from customers in first quarter of 2021 (Q1) ended March 31, 2021. These six banks had reported a total…
By Kayode Tokede The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc as alleged by an online news medium. Reacting to the report, the Acting Director, Corporate Communications Department, CBN, Osita Nwanisobi, described it as,…
The Federal Government is currently discussing with Standard Chartered Bank Plc, over the funding of two rail line projects expected to cost about $14.4 billion, as against the earlier plans to get the loans from Chinese banks. This proposed arrangement…
By Kayode Tokede Naira at the parallel market on Thursday closed flat against the Dollar at N502, but gained 0.17per cent and 0.28per cent against the Euro and Pound Sterling to close at N606 and N713 respectively. However, the local…
Kayode Tokede with News Agency The Central Bank of Nigeria (CBN) on Thursday in Lagos said that its digital currency might be launched by the end of 2021. An Information Technology Specialist with CBN, Mrs Rakiya Mohammed, made the disclosure…
