Business
CBN Cancels 2,698 Bureaux de Change Licences
The Central Bank of Nigeria (CBN) has reduced the number of Bureau de Change (BDCS) dealers to 2,991. The CBN on Wednesday published a list of approved BDCS in a document entitled: ‘Approved BDCs’. The document revealed that the licenses of 2,698 BDCs have been revoked. A similar list was…
Read More »CBN, CBE Set Up ‘Nigeria-Egypt FinTech Bridge’
The Central Bank of Nigeria (CBN) and the Central Bank of Egypt (CBE) have signed a memorandum of understanding (MOU) to establish a Nigeria-Egypt FinTech Bridge. The signing ceremony, which took place at the Seamless North Africa 2023 conference at the Egypt International Exhibition Center, Cairo, on July 17…
Read More »Access Bank launches Womenpreneur Pitch-a-ton Season 5
Retail giant Access Bank plc has unveiled the W initiative Womenprenuer Pitch-a-ton Season 5. The W Initiative is aimed at inspiring, connecting and empowering women while riding on the Access Bank’s vision to be the Bank of choice for women in the markets and communities being served. This is the…
Read More »CBN, Bill Gates To Collaborate On Financial Inclusion
The Central Bank of Nigeria (CBN) and the Bill and Melinda Gates Foundation (BMGF) have held strategic discussions in Abuja on how to deepen collaboration on financial inclusion in Nigeria. Speaking during the meeting on June 22, 2023, the Bank’s Acting Governor, Mr. Folashodun Shonubi, reiterated the commitment of the…
Read More »Folashodun Shonubi steps in as Acting CBN Governor
Following the suspension of the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele from office on Friday by President Bola Tinubu, the Deputy Governor (Operations Directorate), Mr. Folashodun Adebisi Shonubi has been directed to be the acting governor. About Shonubi Mr. Folashodun Adebisi was born on the 7th of…
Read More »BVN remains for life, No expiry date – CBN
The Central Bank of Nigeria (CBN) says the Bank Verification Number (BVN) issued in Nigeria remains for life and has no expiry date, as reported by a national newspaper. The apex bank Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin, said this in a statement on Wednesday, the claim is completely false,…
Read More »NDIC Lauds Judiciary, Solicitors on Diligent Prosecution of Failed Bank Case
The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has commended the Judiciary and Nigerian Bar for collaboration with the Corporation in the diligent and timely prosecution of failed bank cases over the years. Hassan gave the commendation in Abuja at the sensitization seminar for external…
Read More »9mobile invests over N70b on network modernization
9mobile, Nigeria’s innovative and customer-friendly telecommunications company, affirmed that its business is on the path of a resurgence following the enormous investments into its network operations and a strong commitment by the board and management to aggressively reclaim market share. This assertion was made at its Annual Channel Partners Conference…
Read More »N300b Bond Listing: Dangote Industries lauds NGX market depth
The Group Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake has expressed delight upon the completion of the listing of the firm’s N300bn series 1 and 2 Bonds on Nigerian Exchange Limited, commending the depth of capital market. This was said at the Closing Gong Ceremony commemorating the listing…
Read More »NGX: Market capitalisation continues on negative note, sheds N622bn
The domestic stock market on Nigeria Exchange Ltd. (NGX) continued on a negative note as the market capitalisation on Monday dropped by N622 billion amid sustained profit-taking activities. Accordingly, investors lost N622 billion in value as market capitalisation declined to N29.281 trillion from N29.903 trillion recorded at the previous session.…
Read More »
