Category : Finance

Wema Bank has been recognized for fostering a culture of innovation and for being the best workplace for millennials. The bank announced that it received...

The Central Bank of Nigeria (CBN) has issued a directive mandating that all Point of Sale (PoS) operators must route transactions through licensed Payment Terminal...

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell August 30, 2024 1630 / 1640 2110 / 2140...

The Central Bank of Nigeria (CBN) has officially lifted the suspension on the Standing Lending Facility (SLF), a key mechanism that banks use to manage...

First City Monument Bank Limited (FCMB) has added Ademola Adebise and Mrs. Olufunmilayo Adedibu to its board of directors. In a statement released on Wednesday,...

DMO Offers Federal Government Savings Bonds for Subscription at N1,000 Per Unit The Debt Management Office (DMO) has announced the availability of two Federal Government...

The United Bank for Africa has been named the most visited banking website in Nigeria, as it received 2.36 million visits in June. According to...

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell July 31, 2024 1595 / 1600 2040 / 2080...

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has jacked up the Monitoring Policy Rate (MPR) by 50bps moving interest rate to...

The Senate, on Tuesday, passed the Finance Act (amendment) Bill, 2024 to provide for the imposition of Windfall Tax, assessment and review of profit declarations....

The Debt Management Office is offering three Federal Government of Nigeria bonds valued at N300 billion for subscription at N1,000 per unit. According to the...

The Central Bank of Nigeria, CBN yesterday, announced the resumption of dollar sales to bureaux de change, BDCs, a development that reversed the sharp depreciation of the...

The Central Bank of Nigeria (CBN) has announced the approval of the sales of FX to eligible Bureau De Change (BDCs) to meet the demand...

The World Bank yesterday appointed Dr. Ndiamé Diop as new Country Director for Nigeria. The bank in a statement said: “The newly appointed Country Director for...

The Governor of the Central Bank of Nigeria,  Dr Olayemi Cardoso, has stated that it will soon be able to slow down increases in the...

Nigeria has been granted the hosting rights for the $5bn African Energy Bank, the Federal Government announced on Thursday. It said the right was granted...

In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report....

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell June 28, 2024 1520 / 1530 1875 / 1900...

Financial analysts have attributed the decline in the value of currency outside banks to the Central Bank of Nigeria’s tightening of the Monetary Policy Rate...

President Bola Tinubu has mandated the disbursement of a N150,000 grant to each participant of the Expanded National MSME Clinic.   This announcement was made by...

FirstBank has emerged multiple-award winner at the 2024 Asian Banker Global Excellence Retail Awards. The bank won the Best SME Bank in Africa and Best...

Financial technology platform, PalmPay, has resumed onboarding of customers, following lifting of the ban imposed on it by the Central Bank of Nigeria, CBN, The...

The Central Bank of Nigeria, CBN, has revoked the operating licence of Heritage Bank. The Acting Director, Corporate Communications, CBN, Hakama Sidi Ali, disclosed this in...

Commenting on the award, the Group Managing Director/Chief Executive Officer of Zenith Bank, Dame (Dr.) Adaora Umeoji, OON, said: “We are deeply honoured to be...

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD)Buy/Sell Naira/Pound (NGN/GBP)Buy/Sell Naira/Euro (NGN/EUR)Buy/Sell May 31, 2024 1475 / 1485 1830 / 1880 1520 / 1570...

Shareholders of Central Securities Clearing System (CSCS) Plc have approved payment of N7.5 billion as cash dividends for the 2023 business year. Shareholders will receive a dividend...

Central Bank of NigeriaMONETARY POLICY COMMUNIQUE NO.152Date: Tuesday, 21 May 2024Ref: CBN/MPC/COM/152/295 MONETARY POLICY RATE HIKED TO 26.25 PER CENTThe Monetary Policy Committee (MPC) of...