Nigerian bankers move to curb japa
To address the prevalent issue of migration, colloquially known as “japa,” in Nigeria, the regulatory body for banking in the country, the…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Naira plunges to record low against pounds
Melvin Onwubuke Nigerian naira plunges further to a record low of N2040 to one Great British Pound, attributed to persistent demand…
PenCom recovers N25.45bn unremitted contributions
By Melvin Onwubuke The National Pension Commission has made huge progress in ensuring compliance among employers regarding pension contributions. According to…
Naira falls as banks’ dollar sales drop by $252m
Dollar sales at the Nigeria Autonomous Foreign Exchange Market on Friday decreased by $252 million to $84.1 million by Deposit Money Banks…
Active Nigerian bank accounts hit 151 million – NIBSS
The number of active bank accounts in Nigeria witnessed a 13% growth, reaching a total of 151 million in 2022, compared to…
Wigwe: Rain, wintry weather responsible for crash, says US
United States authorities revealed on Sunday that preliminary findings suggest wintry weather conditions played a role in the helicopter crash that claimed…
Ten things to know about Herbert Wigwe
Herbert Wigwe was born in Rivers State and had his education at the University of Nigeria, Nuskka and across other institutions. In…
NIBSS suffers downtime, bank transactions affected
Alex Omenye The Nigeria Inter-Bank Settlement System on Saturday encountered downtime, causing distress among bank customers grappling with transfer errors and…
Banks to pay customers money sent from abroad in naira
Following the recent directive by the Central Bank of Nigeria, restricting the operations of International Money Transfer Operators to only inbound transfers,…
Banks dollar sale drops as naira falls to N1,479
Data collected on Thursday from FMDQ Exchange indicated that the total value of transactions registered at the official Nigerian Autonomous Foreign Exchange…
ESCAP urges urgent CBN MPC meeting to raise interest rates
The director of ESCAP Management, Esili Eigbe urged Olayemi Cardoso, the governor of the Central Bank of Nigeria to convene an urgent Monetary Policy Committee…
World Bank MD to visit Nigeria
By Christian George The World Bank’s Managing Director of Operations, Anna Bjerde, will visit Nigeria on February 6, 2024 to meet with…