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Money Market

Retirement: Fidelity Bank makes new appointments

  Fidelity Bank Plc has announced the appointment of new board executives to replace outgoing directors who recently completed their tenure in accordance with the...

Financial Inclusion: Access Bank commissions 50 closa agents

      Access Bank Plc has commissioned and empowered over 50,000 Closa agents to provide financial services to customers across Nigeria. According to the bank, the move...

Polaris Bank partners International Society to boost women’s vocational skills

    .... Sets up e-learning infrastructure for the skills acquisition center  Polaris Bank has been commended for her commitment to skills acquisition and empowerment of women...

Nigerian Banks borrowed N1.7 ten from CBN in Q3

 Banks borrowed N1.7tn from the Central Bank of Nigeria in the third quarter of 2020. The apex bank disclosed this in its third quarter economic...

COVID-19: First Bank launches Mask-up,stay safe campaign

      First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its ongoing digital campaign “Mask Up, Stay Safe” as part of...

CBN says consumers will shun consumption of luxury items

  Most Nigerian consumers are not likely to purchase expensive or luxury items in the next 12 months. The Central Bank Of Nigeria, CBN, made this...

NDIC begins verification of depositors of 42 failed MFBs

The Nigeria Deposit Insurance Corporation, NDIC, has commenced the closure of 42 Microfinance Banks, MFBs, which operating licences were recently revoked by the Central...

Nigerian Banks to implement new cheque standards come Jan 1, 2021

  The Central Bank of Nigeria, CBN has ordered Nigerian banks to migrate in the New Year (2021), into brand new cheque standards. To this end,...

NDIC explains why pool of deposits in closed banks remain unclaimed

      The Nigeria Deposit Insurance Corporation, NDIC, has stated that a limited understanding and the widespread misconception of the Deposit Insurance System, DIS, in Nigeria...

Global Finance recognises Access Bank as the safest bank in Nigeria

    For its continued efforts towards ensuring the protection of customer funds and data, Global Finance has named Access Bank the ‘Safest Bank’ in Nigeria...