Deposit Money Banks (DMBs) and merchant banks deposited N606.90billion with Central Bank of Nigeria (CBN) in October 2020. The apex bank revealed this in its monthly economic report for October 2020, which was posted on its website. DMBs and merchant…
The Federal Government, States and Local Government Councils (LGCs) have shared N619.343 billion as federation allocation for December, 2020. Mr Hassan Dodo, Director of Information, Ministry of Finance, Budget and National Planning announced this on Wednesday in Abuja. Dodo said…
The Group Managing Directing, Herbert Wigwe, said the lender grew its customer base to 42 million amid severe competition in the banking sector. He disclosed this during the bank’s 2021 investment and engagement forum tagged ‘Realigning for growth’ which held…
The Group Chief Executive Officer, Ecobank Transnational Incorporated (ETI), Ade Ayeyemi, has affirmed that the Pan-African banking group is facilitating smooth and instant payments across Africa as countries start the implementation of the African Continental Free Trade Area Agreement (AfCFTA).…
By Kayode Tokede Naira traded flat at N379 against the dollar at the interbank market of the Central Bank of Nigeria (CBN) on Tuesday. However, the local currency at the Investors & Exporters Foreign Exchange (I & EFX) window, the…
Story by Kayode Tokede with Bloomberg Access Bank Plc, has identified eight African countries for a potential expansion as it seeks to benefit from a continental-wide free trade pact. The Chief Executive Officer, Access Bank, Herbert Wigwe said on an…
By Kayode Tokede The Bank of Industry (BOI) has denied claims of undertaking any recruitment exercise, warning the public against participating in schemes being advertised. The bank, in a statement signed by its management, on Tuesday said its attention has…
By Kayode Tokede About 300,000 metric tonnes of maize are soon to be released into the Nigerian market from strategic anchors under the Anchor Borrowers’ Programme (ABP) of the Central Bank of Nigeria (CBN), which watchers believe will reduce the…
Naira at the Investors & Exporters Foreign Exchange (I &E FX) window inched up by 0.21 per cent to close at N393.83 against the dollar on Monday. Also, the local currency inched down by 1.13per cent and 1.03 per cent…
By Kayode Tokede with News Ageny VFD Group, a financial service-focused proprietary investment company in Lagos, is perfecting arrangements for a national banking licence to be a major player in the Nigerian economy in the next five years. The Group…
