The Central Bank of Nigeria on Thursday sold dollars to eligible Bureau De Change operators at the rate of N1,450 This was disclosed in a statement signed by the acting director of the Trade and Exchange Department at the CBN,…
By Esther Agbo Financial technology firm, PalmPay, has announced the continuation of its zero-fee transfer policy for all users, aiming to promote financial inclusion. The company highlighted that since the feature was introduced earlier this year, users have been able…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that persistent inflation could prolong monetary tightening measures and hinder the nation’s growth potential. He said this in the foreword of the inaugural edition of the CBN’s…
Endeavor’s Global CEO, Linda Rottenberg, in a recent meeting with the Honourable Minister for Communications, Innovation, and Digital Economy. Dr. ‘Bosun Tijani, has reiterated the company’s dedication to tech innovation and entrepreneurship within the country. The meeting, held during a…
By Esther Agbo British International Investment (BII), the UK’s development finance institution and impact investor, has committed $50 million to Access Bank. This funding is part of a larger $295 million loan package arranged by FMO, the Dutch entrepreneurial development…
By Esther Agbo First City Monument Bank (FCMB) has partnered with the Rotary Club of Lagos, District 9112, to empower over 200 widows through micro-credit and skills acquisition programs. This initiative highlights FCMB’s dedication to promoting women’s empowerment and financial…
The House of Representatives Committee on Banking and Other Ancillary Institutions has charged the Asset Management Corporation of Nigeria (AMCON) to uphold accountability and efficiency in its operations. Speaking, the Committee Chairman, Hon. Eze Nwachukwu Eze on an oversight visit…
By Esther Agbo The World Bank has disbursed $751.88 million to Nigeria as part of a recently approved $1.5 billion loan. This disbursement falls under the Nigeria Reforms for Economic Stabilisation to Enable Transformation (RESET) Development Policy Financing Program (DPF)…
Jaiz Bank is set to increase its capital base to N70 billion by the end of 2024. This was as the bank restated its commitment to become the centre of Islamic banking in Africa. This disclosure was made by the…
Nigerian banks have generated approximately N30 trillion in new loans and support for the private sector over a one-year period, demonstrating their pivotal role in the country’s economic renewal efforts. According to Cordros Securities Weekly Economic and Market Report, recent…
