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The incentive program was introduced to encourage recipients of dollars to use formal banking channels and help the central bank capture such inflows.
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CSCS reports 37% increase in revenue, proposes N1.76 dividend/share
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Nigeria’s Central Bank (CBN) has reinstated Jimoh Musa Itopa, a director in the Payments System Management Department (PSMD). His return signals a significant leadership...
Nigeria’s tech ambitions were on full display this week at GITEX Africa in Morocco, where the National Information Technology Development Agency (NITDA) pitched to...
Access Holdings Plc says it generated N642.22 billion in profit for the year ending December 31, 2024. This is a 3.7 per cent increase...
The Eko Electricity Distribution Company (EKEDC) has announced a 10-hour downtime for prepaid payment services scheduled for Tuesday, April 22, 2025. The Disco said...
The naira closed flat on Tuesday at the official foreign exchange (FX) market following an improvement in liquidity. After trading on Tuesday, the naira...
The incentive program was introduced to encourage recipients of dollars to use formal banking channels and help the central bank capture such inflows.
By Wednesday night, Emefiele and some of the governors of the central bank had made up their mind to sack the board of both...
Mr Emefiele stated that the apex bank had been keeping close tabs on First Bank over the past 5 years.
The lower interest expenses reflected the 36.7% YoY and 18.7% YoY declines in interest costs on term deposits and debt securities respectively.
The CBN claimed that the tenure of Mr. Adedutan was yet to expire and that they were also not aware of any misconduct of...
CBN instructed FBN to diversify the equity investments in all non-permissible entities within 90 days.
According to the findings, only 30 percent of MFBs would be able to meet the April 2021 deadline.
Shobo formerly served as executive director overseeing the retail banking/public sector businesses in the Lagos & West directorate.
The bank increased its customer deposits by N56 billion, predominantly low-cost deposits in spite of difficult economic and industry conditions.
On the cost side, Operating Expenses grew by 10.1 percent to N249.8 billion, as against N217.2 billion in 2019