By Kayode Tokede Ecobank Nigeria says its customers are now able to transfer funds by email, SMS and Whatsapp – new features available on the Bank’s Mobile App. Speaking, Olukorede Demola-Adenyi, Head, Consumer Banking Ecobank Nigeria said that this is part of the…
By Kayode Tokede The International Monetary Fund (IMF) has said that multiple rates, limited flexibility, and foreign exchange shortages pose challenges to Nigeria’s economy. IMF directors on Monday in their 2020 Article IV consultation on Nigeria economy recommended a gradual…
By Joshua Elekwachi, Abuja Mixed reactions have continued to trail Central Bank of Nigeria’s (CBN) directive to all banks and other financial institutions to close accounts of persons or entities involved in cryptocurrency transactions within their systems. In January 2017,…
By Joshua Elekwachi, Abuja Providus Bank has deactivated the virtual account numbers of Monnify and Fair Money. Fair Money in a notice to customers on Sunday said, “We are sorry to let you know that effective immediately, you will not…
By Joshua Elekwachi, Abuja The Central Bank of Nigeria (CBN) has said country’s foreign reserves gained $929.2million in January to $36.3 billion from $35.37billion it opened 2021. The gain of foreign reserves in January, according to analysts was due to…
Naira at Investors & Exporters Foreign Exchange (I& E) foreign exchange market depreciated by 0.54 per cent to close at N397.63 against the dollar on Thursday. As the local currency gained 0.64 per cent against the euro at N453.06, it…
Sterling Bank’s Health Technology has partnered Zipline to sign a service level agreement with Kaduna State Government for the implementation of drones in the health supply chain system. Zipline, is a global drone delivery service and will use autonomous delivery…
SEC releases new rules, amendments on CIThe Securities and Exchange Commission (SEC) has released general rules for Collective Investment Schemes (CIS) directing that all units/securities of a collective investment scheme shall be registered by the Commission. The Rule which is…
By Kayode Tokede The naira at the Investors & Exporters Foreign Exchange ( I & E FX) window depreciated by 0.13 per cent on Wednesday to close at N395.50 against the dollar. It inched up by 0.15per cent and 0.04…
By Kayode Tokede Access Bank Plc has partnered American Express to broaden the acceptance and usage of American Express cards in the country. The Senior Banking Advisor Retail Banking, Access Bank, Mr. Robert Giles made this known in a statement…
