In a bid to ensure widespread acceptance, the National Hajj Savings Scheme championed by Nigeria’s pioneer non-interest bank, Jaiz Bank has been launched in the Northeast and Southeast. The bank explained that the launch would make it easier for all…
The naira weakened by 1.3 per cent to N410.00 against the dollar at the Investors & Exporters Foreign Exchange (I&E FX) window on its week-on-week (w/w) performance. The local currency also dropped by 1.1per cent wow to N478.00 against the…
By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange (I & EFX) market on Thursday depreciated by 4.10 per cent to close at N550.47 against the pound sterling. As the local currency at the I & EFX window…
By Kayode Tokede The Central Bank of Nigeria (CBN) in line with its mandate to promote financial system stability, has issued the Regulatory Framework for Open Banking in Nigeria. According to document accessed by our correspondent, “The framework establishes principles…
By Kayode Tokede The Central Bank of Nigeria (CBN) has mandated commercial banks to open new dollar account with offshore lenders for receiving international money transfers. The directive was disclosed by WorldRemit- an International Money Transfer Operators (IMTO) player to…
By Kayode Tokede The Central Bank of Nigeria has disclosed that Deposit Money Banks (DMBs) and merchant bank through the Standing Deposit Facility (SDF) average deposit dropped by N21.87billion in 2020. The economy half-year activity report of the apex bank…
Naira at the Investors & Exporters Foreign Exchange ( I & E FX) market on Wednesday traded flat at N409.67 against the dollar. The naira inched up by 0.57per cent and 0.41 per cent against the euro and pound sterling…
…as Group signs remittance partnership with Small World Financial Services S&P Global Ratings and Fitch on Wednesday assigned its ‘B-’ long-term issue rating to the $300 million senior unsecured loan participation notes (LPNs), at a coupon of 7.125% per year,…
The Abuja Chamber of Commerce and Industry (ACCI) has congratulated Dr Ngozi Okonjo-Iweala for her emergence as the Director General(DG) of the World Trade Organization (WTO), describing her as “ a shining light” in trade diplomacy. Okonjo-Iweala who was a…
By Joshua Elekwachi, Abuja Naira against the pound sterling depreciated by 4.19 per cent to close at N566.55 at the Investors & Exporters Foreign II & E FX) market on Tuesday. The local currency also closed down by 3.98per cent…
