Leading financial institution, FirstBank of Nigeria has clarified that it is not scheduling an upgrade on its bank platform but on its suppliers platform. The clarification comes amid scares among the consumers having experienced poor services with other banks due…
The Chartered Institute of Bankers of Nigeria (CIBN) has called for more investment in education, infrastructure and economic diversification to boost the nation’s prosperity and drive Gross Domestic Product (GDP) growth. The institute also urged the government to facilitate trade…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has announced that the apex bank is engaging at the highest level to facilitate Nigeria’s removal from the Financial Action Task Force’s (FATF) “grey list,” an anti-money laundering watchlist.…
The Naira closed the week stronger on Friday at the official market, trading at N1,600 to the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N1.20. This represents a 0.07 per cent…
Director General of the Bureau of Public Enterprises (BPE), Ayodeji Gbeleyi has expressed the Bureau’s commitment to collaborate with the Infrastructure Concession Regulatory Commission (ICRC) with a view to delivering Infrastructure to Nigerians. The Director General made the commitment during…
By Esther Agbo Union Bank is making waves in Nigeria’s financial sector with its new policies designed to foster a more inclusive and supportive workplace for its employees, particularly women. In a move to strengthen employee welfare, the bank has…
By Esther Agbo Ecobank Nigeria has strengthened its relationship with customers through its innovative “Super Rewards Millionaire Geng Promo,” disbursing N16 million since the campaign’s launch in July 2024. While the initiative promises a grand total of N42 million in…
By Esther Agbo The Federal Government of Nigeria to implement a significant increase in the Value Added Tax (VAT) rate from its current level of 7.5 percent to 15 percent. This decision, part of a broader strategy to bolster local…
The International Monetary Fund (IMF) has expressed support for the Central Bank of Nigeria’s (CBN) recent interest rate hikes and foreign exchange measures, describing them as suitable steps toward stabilising the economy. This endorsement was given by Tobias Adrian, the…
The House of Representatives on Tuesday called on the Central Bank of Nigeria (CBN) to raise agricultural lending from 1.4 per cent to 7 per cent of total bank lending over the next five years. The House also urged the…
