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…
By Kayode Tokede Avon Healthcare Limited, a leading health management organisation has partnered with pan-African financial institution, United Bank for Africa (UBA) Plc, to develop well-tailored and unique health plans for children. The collaboration to develop the new health plans…
By Kayode Tokede The African Development Bank (AfDB) stood out at the 22nd edition of the Global Finance Best Investment Bank Awards, where the prestigious U.S. magazine specializing in financial markets recognizes investment banking capacities. Global Finance named the AfDB…
By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange Window ( I & EFX) on Tuesday depreciated further to close at N412.00 per dollar as against N411.88 traded on Monday. The FMDQ stated that a turnover of $110.01million…
By Kayode Tokede The Central Bank of Nigeria (CBN) on Monday donated food items to Internally Displaced Persons (IDPs) in Borno. The CBN Branch Controller in Maiduguri, Alhaji Lawan Tijjani, who presented the items to the IDPs, said that the…
By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange Window ( I & EFX) on Monday depreciated by 0.21 per cent to close at N411.88 against the Dollar. The local currency gained 0.34per cent and 0.61per cent against…
By Kayode Tokede As the 2021 International Women’s Day (IWD21) calls on people and organisations to #choosetochallenge for a better world for women, Guaranty Trust Bank plc (GTBank) has launched an initiative, tagged #GiveHerBetaHealth, to draw attention to the need…
By Kayode Tokede The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has said the new, “Naira 4 Dollar Scheme” for diaspora remittances will enhance a transparent and more flexible remittance administration. He said this in a series of…
First Bank of Nigeria Limited has announced the launch of First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. The Bank’s subsidiaries in Africa include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea,…
