The Naira depreciated against the dollar on Monday 3rd April 2023, exchanging for N463.50 at the investors’ and exporters’ window. The rate represents a decrease of 0.46 percent when compared to the N461.38 it exchanged to the dollar at the close of business on March 31. The open indicative rate closed […]
BANKING
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced the call for participation in the third season of its FirstBank Management Associate Programme (FMAP). Interested participants are required to submit their application via https://hdbc.fa.em2.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX. The application is extended to the general public as it closes […]
Since emerging from the recession in 2020, the Nigerian economy has grown for nine straight quarters, according to a statement from the Central Bank of Nigeria (CBN). The government’s initiatives to diversify the economy and lessen reliance on oil exports were credited with the rise. The CBN also attributed the […]
Following the third day of complete implementation of the Supreme Court ruling on the legal tender status of the old Naira banknote, cash transmission has improved in major cities across Nigeria, even though normalcy appears to be taking a while to return. According to research, banks have started dispensing outdated […]
Following the third day of complete implementation of the Supreme Court ruling on the legal tender status of the old Naira banknote, cash transmission has improved in major cities across Nigeria, even though normalcy appears to be taking a while to return. According to research, banks have started dispensing outdated […]
Following the third day of complete implementation of the Supreme Court ruling on the legal tender status of the old Naira banknote, cash transmission has improved in major cities across Nigeria, even though normalcy appears to be taking a while to return. According to research, banks have started dispensing outdated […]
In furtherance of its leading role in promoting the socio-economic inclusion of women in society, First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced its dedication of the month of March to the celebration of women across the world, as it commemorates the globally […]
The Central Bank of Nigeria, CBN has expended N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the starting point of the intercession. The CBN Governor, Godwin Emefiele, disclosed this in a statement issued by after the last Monetary Policy Committee meeting held in Abuja. According to […]
The Association of Corporate Affairs Managers of Banks (ACAMB) has insisted that financial institutions do not have any reason to hoard the currency in the face of enormous hardships facing Nigerians. The association also argued that banks have invested over N100 billion in the past few years in setting up […]
By Idris Bakare The Central Bank of Nigeria (CBN) has directed banks to commence the payment of the new Naira notes over the counter. However, this is subject to a maximum daily payout limit of N20,000. Before now, the redesigned notes could only be paid through ATMs. The bank has […]