By Nkiruka Nnorom   moeny market In a bid to promote diaspora remittances into the country, Access Bank Plc will be rewarding customers with N5 on every $1 received from their loved ones or associates abroad through foreign remittances. The N5 for every dollar cash back will be paid to Access Bank customers irrespective of […]

The Central Bank of Nigeria (CBN) has released the list of 47 International Money Transfer Operators (IMYOs) approved to receive foreign exchange remittances from Diaspora Nigerians.

The Central Bank of Ni Nigeria, CBN, said it will sell N570 billion worth of Treasury Bills (TBs) in the second quarter of 2021 (Q2’21). 

CRC Credit Bureau launches solution to limit lending risksCRC Credit Bureau has announced a data-enabled solution, CRC Returnex, that will provide lending institutions with the means of using artificial intelligence to identify and retain borrowers in their portfolio.

The Nigeria Deposit Insurance Corporation (NDIC) has stated that it is in collaboration with sister agencies in law enforcement to curtail cybercrimes especially in the financial system.

The Central Bank of Nigeria (CBN) has guaranteed a total of N122.6 billion loans under the Agricultural Credit Guarantee Scheme Fund (ACGSF) as at end 2020.

The Central Bank of Nigeria (CBN) has made good its word, as it has released 50,000 metric tonnes of Maize into the Nigerian market.

THE Norwegian Seafood Council, NSC, has offered to assist Nigerian fishery sector with a view to building capacity in the sector.

First Bank of Nigeria Limited has announced its Small and Medium Enterprise, SME, specific accounts designed to reinforce its role in putting SMEs at an advantage whilst contributing to national growth and development.

MONEY MARKET Hope PSBank, a subsidiary of Unified Payment Services Limited has commenced free National Identification Number (NIN)   for Nigerians including its customers in   all designated enrolment centres located in its regional offices across the country and its   head office in Lagos. Hope PSBank has seven   regional offices across the geopolitical […]

MONEY MARKET Polaris Bank said that the its nationwide Save & Win promo has produced the first set of winners,   including the first millionaire,   Mr. Lucky Okunzuwa, a customer with its   Akpakpava branch, Benin, Edo State The bank in a statement said that other 60 lucky customers who also emerged from across the six geo-political […]

…CBN’s interest  earnings drop 75% By Elizabeth Adegbesan MONEY MARKET In apparent reflection of the excess liquidity in the banking system, banks’ borrowing from the Central Bank of Nigeria (CBN) through the Standing Lending Facility (SLF) fell by 98 percent, year-on-year (YoY),   to N15.95 billion in November 2020 from N662.44 billion in November 2019. Consequently,   […]

Unity Bank Plc has awarded cash prize of N4 million to 12 NYSC members that emerged winners in its flagship business plan competition, Corpreneurship Challenge.

A financial technology, fintech, and brokerage firm, TigerWit, has unveiled Woli Arole (Toyin Bayegun) as brand ambassador.

The Federal High Court sitting in Abeokuta, Ogun State capital, has dismissed a suit instituted by a legal practitioner, Olumide Babalola, challenging the Central Bank of Nigeria, CBN’s policy on current account maintenance fee contained in the Guide to the Charges by Banks and other financial Institutions of January 2020.