The Central Bank of Nigeria has launched a countdown clock on its website for the January 31, 2023 deadline for the N200, …
Banking
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The naira has rebounded by 20.8 per cent to 720/dollar at the parallel market. The development came two weeks after the local …
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BankingEconomicNews
Dollar to Naira exchange rate may hit N1,000/$1 soon – Traders
by Salami Azeezby Salami AzeezThe exchange rate between the naira and dollar on the black market is expected to hit N1000/$1 by the end of the year. …
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BankingEconomicNews
President Buhari backs Emefiele over naira re-design
by Salami Azeezby Salami AzeezPresident Muhammadu Buhari stated yesterday that the CBN has his backing for the project, despite controversy surrounding the Finance Minister’s, Mrs. Zainab …
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BankingBusinessEconomicNews
UBA opens Saturdays for naira notes deposit
by Salami Azeezby Salami AzeezThe United Bank for Africa (UBA) has opted to open on Saturdays to enable customers to deposit their existing naira notes pending …
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BankingEconomicNews
CBN says it will release new banknotes in December
by Salami Azeezby Salami AzeezStarting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000-naira banknotes, the governor of the Central Bank of Nigeria …
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BankingEconomic
Finance minister counters CBN, says policy will further devalue currency
by Salami Azeezby Salami AzeezThe plans of the Central Bank of Nigeria, CBN, to redesign the Naira commencing on December 15, 2022, have been disavowed by …
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Leading pan-African financial institution, United Bank for Africa (UBA) Plc. has released its third quarter results, showing double-digit growths across key performance …
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BankingBusiness
Wema Bank rolls out array of initiatives to deepen financial inclusion
by Salami Azeezby Salami AzeezWema Bank, Nigeria’s most creative financial institution, has further set the bar for dedication to extending financial inclusion in Nigeria by launching …
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BankingNews
Polaris Bank sold for N50b, CBN to recover intervention funds in 25 years
by Salami Azeezby Salami AzeezThe Central Bank of Nigeria has announced the completion of the sale of Polaris Bank. The was contained in a statement by …