By Kayode Tokede First City Monument Bank (FCMB) has grown its loan portfolio to the agriculture sector in Nigeria to N74.10 billion, representing a 10 per cent of the bank’s total loans. The figure, which is one of the highest…
By Kayode Tokede The naira appreciated by 0.2 per cent to N411.00 against the Dollar at the Investors & Exporters Foreign Exchange (I&E FX) in its week-on-week performance. The local currency weakened by one per cent to N485.00 against the…
By Kayode Tokede Ecobank Nigeria has launched the Super Rewards Scheme, which gives 200 of its customers an opportunity to earn different cash gifts monthly, with four of them becoming millionaires at the end of the four months campaign. Head,…
The Executive Vice-Chairman (EVC) of the Nigerian Communications Commission (NCC) Prof. Umar Danbatta, has said that the commission and the Central Bank of Nigeria (CBN) are strategising on making Nigerians financially inclusive. Danbatta said that the Federal Government’s financial inclusion…
The Central Bank of Nigeria (CBN), through NIRSAL Microfinance Bank, has reopened its portal for Micro Small and Medium Enterprises (SMEs) and households affected by COVID-19 to access up to N25 million. This was disclosed by the Personal Assistant to…
The Bureau De Change (BDC) operators have declared operational war against foreign exchange speculators and black market dealers distorting the naira exchange rate against the dollar and other global currencies. This follows the illegal activities of speculators and black market…
By Kayode Tokede Naira gained 0.21 per cent at Investors & Exporters Foreign Exchange ( I & EFX) window on Wednesday to close at N411.13 against the Dollar. The Naira also gained by 0.26per cent and 0.19per cent against the…
By Kayode Tokede First Bank of Nigeria Limited has said it is rewarding customers with N5 for every dollar received through foreign remittances. This N5 for a dollar incentive is paid to FirstBank’s customers regardless of their preference to collect…
By Kayode Tokede The Nigeria Deposit Insurance Corporation (NDIC) has said Nigerian banks lost over N264.5 billion to fraudsters between 2017 and September 2020. NDIC’s executive director, corporate services, Mrs. Omotola Abiola-Edewor, stated this at the Corporation’s 2021 annual capacity…
By Kayode Tokede Nigeria Inter-Bank Settlement System Plc (NIBSS), in partnership with all financial service providers is set to launch a QR Code driven payment solution. NQR Payment Solution is an indigenous Quick Response code platform being introduced by NIBSS…
