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Wednesday, February 8, 2023

Banking Index Increases Stock Market By N1.08tn In January

Despite investor pessimism trading and uncertainties surrounding the 2023 general elections, expectation of dividend distribution and sectoral performance of the NGX bank index increased...

Stanbic IBTC, 5 Other Tier-2 Spent N413.5bn on Customers Deposit, Borrowings

Stanbic IBTC Holdings, and five other tier-2 financial institutions, in the course of last year (2022), have spent no less than N413.5 billion on...

Stanbic IBTC Unveil Special Valentine Package For SMEs

Stanbic IBTC Bank, a member of Stanbic IBTC Holdings, has provided juicy options for its customers to enjoy access to cash flow to scale...

FCMB Chief Seeks Collaboration Among Banks, Here’s Why

Yemisi Edun, the Managing Director of First City Monument Bank (FCMB), has sought collaboration among financial institutions in the country, to combat money laundering. The...

Dollar To Naira Exchange Rate Today (Mon. Feb. 6, 2023)

Dollar to naira, on Monday, February 6, 2023, opened at N460.42 at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially trade. According...

Stanbic IBTC Restates Support For Business, Economic Growth

Stanbic IBTC Bank has restated its commitment to support business growth in 2023 through its array of tailor-made financial solutions. The end-to-end financial services provider...

Peter Obi Backs CBN On New Naira Notes

Peter Obi, the presidential candidate of the Labour Party, has thrown his weight behind the Central Bank of Nigeria (CBN), on the new naira...

Naira Crisis: CBN Begs, Pledges To Stop PoS ‘Extra’ Charges

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has appealed to Nigerians for patience, noting that the redesigned notes would circulate and...

Naira Crisis: I’ve Heard Your Cry, I’ll Decide In 7 Days – Buhari

President Muhammadu Buhari has encouraged Nigerians to allow him seven days to ease the cash crisis caused by the Central Bank of Nigeria (CBN)'s...

GTBank Acquires Stallion Nigeria Properties Over N13 Billion Debt

The assets of Stallion Nigeria Limited in Lagos and its related enterprises have been taken over by Mr. Temilolu Adamolekun, the Receiver/Manager appointed by...

IFC Partners Nigeria’s Union Bank to Support Trade, SMEs

International Finance Corporation (IFC) has announced a partnership with Union Bank of Nigeria Plc to help the bank expand lending to hundreds of businesses...

CBN Orders Banks To Pay New Notes Over The Counter

The Central Bank of Nigeria (CBN) has directed commercial banks to begin issuing the redesigned naira notes over the counter to customers. The Central Bank...

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