By Kayode Tokede Leading innovative financial institution, Wema Bank, has launched an advisory and loan scheme, the Education Advisory Service, in partnership with MOD Education for young Nigerians wishing to study abroad. Following foreign exchange control measures introduced by the…
By Kayode Tokede Amid COVID-19 lockdown, Zenith Bank Plc, among three other leading banks in the country reported N74.7 per cent increase in Information Technology (IT) and Electronic-businesses expenses to N51.63billion in 2020 as against N29.55billion reported in 2019. The…
By Kayode Tokede The Registrar/Chief Executive, Chartered Institute of Bankers of Nigeria (CIBN), ‘Seye Awojobi has called on graduands of Ecobank Nigeria Academy to make their word their bond to excel in the banking profession. The CIBN Registrar who gave…
The Central Bank of Nigeria (CBN) has reportedly suspended finTechs and other third-party partners from offering Biometric Verification Number (BVN) validation service. This was made known in an email from Paystack to customers which stated, “We’ve recently been made aware…
Nigerian banks are not indebted to MTN Nigeria and other phone companies for using telecommunication platforms to provide payment services, a bank chief executive said. “There is no such thing as an obligation due from banks to telcos,” Herbert Wigwe,…
By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange ( I & EFX) window gained 0.16 per cent on Friday to close at N409 against the Dollar. Naira at the I & E FX window also gained by…
By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange (I & EFX) window on Thursday gained 0.33per cent and 0.35per cent against the Dollar and Pound Sterling closing at N409.65 and N560.38 respectively. The local currency inched down…
By Kayode Tokede Jaiz Bank Plc, a non-interest Bank has declared a Profit Before Tax of N3.07 billion for the 2020 financial year, an increase of 45.31 per cent over N2.11 billion recorded in 2019. In a statement by the…
By Kayode Tokede In a bid to promote financial literacy amongst women and the younger generation, FBNQuest, recently held educative sessions for women, preteens and teenagers on how to preserve, save and grow their wealth. The investment banking and asset…
By Kayode Tokede The Federal Government has concluded plans to issue Eurobonds for 2021 and is going to pick advisers to the transaction through an open bid process. The amount to be raised is expected to be within the external…
