Naira falls at official rate despite dollar weak gains
The Naira lost value at the official exchange rate on Tuesday, after going up for four days in a row. This happened…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Bank of Ghana suspends GTB, First bank’s FX licenses over non-compliance
By Melvin Onwubuke The Bank of Ghana has announced the suspended for a period of one month, the Foreign Exchange Trading…
Natural catastrophes, conflict pose danger to countries’ financial stability – Cardoso
The governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso, has stated that natural catastrophes and violence have jeopardized the financial…
First Bank restates commitment to support FMCG wholesalers
First Bank of Nigeria Plc has reiterated its commitment to supporting companies by implementing various programs meant to create a stable business…
NDIC reimburses depositors of 179 disolved banks
The Nigeria Insurance Corporation stated that depositors of four mortgage banks and 179 resting microfinance institutions nationwide have received their money back.…
CBN to meet with foreign investors today
By Alex Omenye The Central Bank of Nigeria Governor, Yemi Cardoso, is scheduled to participate in a significant meeting with foreign…
CBN prepares tough financial sanction for banks
In order to lower violations in the nation’s financial sector, the governor of the Central Bank of Nigeria, Olayemi Cardoso, has committed…
UBA vows to draw capital to ECOWAS mining industry
The Economic Community of West African States and United Bank for Africa Plc have committed to collaborating on projects that would bring…
Naira is already stabilizing, says FG
The foreign exchange market is witnessing a rise in inflows and the naira is stabilizing, as per the Federal Government’s insistence that…
Standard Chartered initiates $1bn share buyback
Standard Chartered revealed a $1 billion share buyback program on Friday, concurrently expressing CEO Bill Winters’ belief that the current share price…
Nigerian banking malware attacks rise by 8% – Report
Kaspersky’s recent statement illuminates the cybersecurity landscape in Africa, highlighting a troubling trend in Nigeria where banking malware attacks increased by 8%…
FX Crisis: NSA, CBN, others to target speculators
Under the leadership of the Office of the National Security Adviser, Nuhu Ribadu, and the Central Bank of Nigeria have joined forces…