CBN Keeps Rates Unchanged, Dollar In Focus
Lukman Otunuga In a widely anticipated move, Nigeria’s central bank left its benchmark interest rates unchanged in November. All 10 members of the monetary policy committee voted to keep the…
Money Market
Money Market
N100Bn Stanbic IBTC Fund Target Nigeria’s Infrastructure Development- CEO
Yemisi Izuora The N100 billion fund established by the Stanbic IBTC Holding Plc, is to help close the infrastructure gap in Nigeria. Dr Demola Sogunle, Chief Executive Officer of the…
Afreximbank Promotes Geometric Power Facility With $50M
Yemisi Izuora The African Export-Import Bank (Afreximbank) has signed a $50 million term loan facility with Geometric Bank Limited for the Aba Integrated Power Project in Nigeria. The facility provided…
Zenith Bank Resonates The Spirit Of Christmas ..Illuminates Ajose Adeogun Street In Lagos
The Group Managing Director/Chief Executive of Zenith Bank Plc, Mr. Ebenezer Onyeagwu flanked by Executive Director, Mr. Dennis Olisa (1st Right); Head, Retail Banking, Mr. Lanre Oladimeji (4th Left); Executive…
Stanbic IBTC provides N6.7b facility for BAZE University Teaching Hospital
Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has underscored its desire to help build robust education and health care systems in the country by providing funding…
African Countries Attracted To Nigeria’s e-Naira Initiative- CBN
Yemisi Izuora The Central Bank of Nigeria (CBN) has said that some African nations are understudying the success and acceptance of the e-Naira has attracted model and basics of the…
CBN says fake N1000, N500 note declined in 2020
The Central Bank of Nigeria (CBN) says the faking of higher denomination banknotes in Nigeria dropped 20.80 per cent in volume and 12.18 per cent in value in 2020, lower…
Nigerian banks to stop accepting old £20, £50 notes Dec 31
Deposit Money Banks in Nigeria have issued a deadline of December 31, 2021 for the acceptance of old £20 and £50 notes to enable proper conclusion of cash evacuation. One…
FBNHoldings Renews Adesola Adeduntan Tenure, Appoints Nnamdi Okonkwo As GMD
The Board of FBN Holdings Plc (FBNHoldings) has appointed the immediate past Managing Director of Fidelity Bank Plc., Mr. Nnamdi Okonkwo as its Group Managing Director. Okonkwo’s appointment…
CBN Kicks As Fraudsters Crack eNaira Platform
Yemisi Izuora Fraudsters have started lurking and attempting to permeate the newly unveiled digital currency, eNaira, by creating fake social media handles. The Central Bank of Nigeria (CBN), rising to…
