Data obtained from the Central Bank of Nigeria have shown that Nigeria’s foreign reserve dropped by…
Money Market
Access Bank launches ‘Access9ijaKids’ to support learning
Access Bank Plc as part of its commitment in supporting the educational sector, especially during the…
DMO offers N150bn bonds for subscription
The Debt Management Office on Tuesday announced that the Federal Government will auction N150bn worth of…
COVID-19: CBN waives requirement for loan application
The Central Bank of Nigeria (CBN) has waived the requirement for the provision of guarantors by…
CBN gives guidelines on grants for healthcare research and development
The Central Bank of Nigeria (CBN), as part of its policy response to the COVID-19 pandemic,…
Wema Bank Reopens Branches Nationwide, Advises Customers and Staff to Remain Cautious
Due to the Federal Government’s directive to ease the nationwide restrictions on movement and key businesses,…
CBN debits 26 banks N459.7bn over CRR obligations
The Central Bank of Nigeria (CBN) has debited twenty-six banks, including merchant banks, to the tune…
CBN reduces MPR to 12.5 percent
The Central Bank of Nigeria on Thursday reduced its monetary policy rate to 12.5 percent as…
COVID-19: IMF warns banks on dividend payment
The International Monetary Fund has advised commercial banks to retain their earnings by suspending payment of…
CBN restructures credit facilities in Other Financial Institutions (OFIs)
The Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other…
Access Bank launches AccessMore App
Access Bank Plc has launched the AccessMore app, a new mobile payment application built on cutting-…
Recapitalisation: CBN sets April 2022 as deadline for Microfinance Banks
Microfinance Banks (MfBs) has been given a deadline of April 2022 by CBN to achieve N200…
Sterling Bank steps up innovation, launches OneBank App
Sterling Bank Plc has launched a new banking application that can be used for all banking…
CBN postpones MPC meeting to Thursday, May 28
The Central Bank of Nigeria has postponed its Monetary Policy Committee meeting to Thursday, May 28,…
FCMB empowers SMEs with “Top-5-in-5” initiative
First City Monument Bank has launched a new empowerment package for SMEs tagged “Top 5-in-5” initiative.…
CBN restricts forex on goods with local substitutes
The Central Bank of Nigeria has said that it will not give forex support for the…
Olugbemi sets growth strategy for CIBN
Bayo Olugbemi, the new President of the Chartered Institute of Bankers of Nigeria was sworn in…
Access Bank rewards customers in DiamondXtra promo
Access Bank Plc in a recent monthly draw has rewarded 10 customers with N1million each and…