The Central Bank of Nigeria (CBN) has said it would sanction and blacklist bank directors with loans that remain non-performing for more than one year. Recall that the multiple exchange rate regime In a circular it released last month, it…
By Sodiq Adelakun The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has said that digitizing micro, small, and medium-sized enterprises (MSMEs) will increase revenue by 26 per cent as well as reduce operating cost by…
By Sodiq Adelakun The Central Bank of Nigeria has threatened to close bank accounts as the total number of issued Bank Verification Numbers (BVNs) reached 57.96 million as of July 3, 2023, based on data obtained from the Nigeria Inter-Bank…
The Central Bank of Nigeria (CBN) on Thurs day took awareness of its digital currency, eNaira, to the student community in the University of Abuja. According to Mr Joseph Angaye, Deputy Director, Risk Management Department, who led the CBN team,…
The total inflows into the Investors and Exporters Window rose to $2.55bn in the months of May and June, according to data obtained from the FMDQ. The data indicated that total inflows into the 1&E window increased for the second…
The Nigeria Deposit Insurance Corporation has advised students to be financially disciplined by embracing financial savings, budgeting habits, and developing at all times for a productive and better living. The NDIC Zonal Controller in Sokoto, Mr Umar Kaoje-Bello, gave the…
CRC Credit Bureau Limited in partnership with Dun & Bradstreet has launched a new scoring model called the ‘CRC Delay Propensity Score,’ to address credit challenges. In a statement, it said, “In the ever-changing world of lending, financial institutions are…
By Sodiq Adelakun Bureau De Change operators in Nigeria have decried the Central Bank of Nigeria’s (CBN) exchange rate policy. Recall that the CBN announced the unification of all segments of Nigeria’s foreign exchange market, consolidating all windows into one On…
Wema Bank, Nigeria’s most innovative bank and the pioneer of Africa’s first full-fledged digital bank, ALAT, is partnering with leading education technology platform, Utiva, to train SME and startup entrepreneurs, as well as working-class professionals, in Nigeria. Scheduled for Friday,…
By Sodiq Adelakun Access Bank Plc has been recognised for its many initiatives aimed at providing supports to female-owned businesses. The bank won Company Leadership in Gender Diversity Award; Family-Friendly Workplace Excellence Award, and Gender Equality Champion Award at the…
