Banking

A Deputy Director of the Central Bank of Nigeria (CBN), has exposed a branch of Sterling Bank in Ado Ekiti, Ekiti State for hoarding the new Naira notes. The CBN official who identified himself as Owoeye paid a surprise visit to the bank on Bank Road, Ado Ekiti and found …

The Central Bank of Nigeria (CBN), earlier in its quest to reduce the number of Nigerians excluded from financial services from 46.3% to 20.0% by the year 2020 based on its earlier commitment to the Maya Declaration, had in October 2012 set up the National Financial Inclusion Strategy (NFIS). A …

A total sum of N53 million in prize money was won at the end of a keenly contested hackathon session at the Second Edition of the Zenith Tech Fair, themed “Future Forward 2.0”, which was held on Wednesday, November 23, 2022, at the Eko Convention Centre, Eko Hotels & Suites, …

President Muhammadu Buhari unveiled the redesigned naira notes of N200, N500, and N1000 at the Council Chamber of the Presidential Villa Abuja on Wednesday. according to the News agency of Nigeria (NAN), the unveiling of the naira notes preceded the virtual meeting of the Federal Executive Council (FEC) with a …

Influential Kaduna Muslim cleric, Sheikh Ahmad Gumi, has condemned the move by the Central Bank of Nigeria to redesign three series of the Naira. Gumi described the CBN move as economic suicide for Nigerians, especially rural dwellers. The controversial Sheikh argued that the introduction of Naira redesign policy was ill-timed and …

The Central Bank of Nigeria (CBN) on Wednesday announced plans to redesign the 200, 500, and 1,000 naira notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. Emefiele said the redesign will take effect from Thursday, December 15, 2022. He also said that existing notes …

Tranzfar, an international payment solution provider focused on cross-border money transfers from the United Kingdom, United States, 27 EU countries, Canada, New Zealand and Australia to Nigeria, Ghana and Kenya has recently launched its latest innovative product ‘The Freedom bank Account’ in Nigeria.   The Freedom Account allows customers in …

Nigeria biggest lender in the SME space, Access Bank Plc is collaborating with the Ministry of Humanitarian Affairs, Disaster Management and Social Development to roll out the Government Enterprise and Empowerment Programme GEEP 2.0 in all the 36 states and the Federal Capital Territory. Successful beneficiaries of GEEP 2.0 shall …

As part of its commitment to inspire, connect and empower women to attain their full potentials, Nigeria’s leading financial institution, Access Bank Plc will be hosting a conference in commemoration of the annual International Women’s Day. The conference which will take place at The Eko Hotels, Victoria Island, Lagos on …

Union Bank of Nigeria, one of the oldest banks in the country with an international banking authorization, has said it will be seeking shareholders’ approval to spin off its United Kingdom (UK) subsidiary to shareholders. The bank will meet shareholders in March, 2022, at an Extraordinary General Meeting (EGM) in …