…directive to discourage hoarding, improves liquidity — ABCON President By Kayode Tokede The Central Bank of Nigeria (CBN) has warned that Deposit Money Banks (DBMs)/ authorized foreign exchange dealers who refused to accept old/lower denomination of US Dollar from customers…
By Kayode Tokede Naira at the parallel market on Tuesday closed negative against Dollar, Pound Sterling and Euro losing 0.83per cent, 0.30 per cent and 0.88 per cent to close at N486, N672 and N575 respectively. The Naira on Monday…
By Uthman Salami Access Bank Plc said it has entered into a definitive and binding agreement with ABC Holdings regarding a proposed acquisition of African Corporation of Botswana (BancABC Botswana). This was announced in a statement signed by Sunday Ekwochi,…
By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange window ( I& EFX) on Monday appreciated by 0.16 per cent to close at N410.33 against the Dollar. Also, Naira at the I& EFX window, lost by 0.43per cent…
Unity Bank Plc grew its total assets to N492.02billion as stated in its full year ended December 31, 2020 audited results, a significant increase of 67.90per cent from the N293.05 billion total assets recorded in 2019. The audited results released…
By Kayode Tokede Nigeria Interbank Settlement System (NIBSS) has disclosed financial transactions via Nigerian Interbank Settlement System Instant Payment (NIP) and Pointy of Sales (PoS) terminals in the country grossed N64.34trillion in the first quarter of 2021. The latest data…
By Kayode Tokede Sterling Bank Plc has launched OnePay for Business, a mobile app that empowers merchants to use their mobile phones as Point-of-Sales systems. It allows merchants and their customers to receive and make cardless, contactless and cashless payment…
By Kayode Tokede FirstBank, Nigeria and indeed West Africa’s premier financial inclusion services provider has announced the launch of its newly designed website at The new website is upgraded with features that are streamlined to reinforce its role in delivering…
By Kayode Tokede Jaiz Bank Plc, the premier Non-Interest Bank in Nigeria has deployed the newly introduced Quick Response Code (NQR) to Fraser Suites in Abuja as part of the Bank’s efforts to drive contactless payment solutions in the country.…
By Kayode Tokede The Securities and Exchange Commission (SEC) says it is working with the Central Bank of Nigeria (CBN) for better understanding and regulation of cryptocurencies in the country. The Director-General, SEC, Lamido Yuguda, said this at the 2021…
