Banking and Finance

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, in line with its contributions to an improved healthcare sector in the country, has upgraded its short-term loan solution within the healthcare value chain. This upgrade ensures a flexible repayment period, with affordable interest rate and zero collateral to enable sector …

In a bid to promote SDG 8 for decent work and economic growth, Nigerian lender, Unity Bank Plc is collaborating with Kitian Training Hub, an Ibadan-based career advice and skills acquisition training centre to empower no fewer than 300 youths from Oyo State with different knowledge and skills designed to …

Wema Bank, Nigeria’s Leading innovative financial institution, has rolled out a new benefit for parents and children on its bespoke children’s savings account, Royal Kiddies Account (RKA), in a new campaign to encourage savings and financial prudence. From November 1, 2022, through January 30, 2023, parents who set up a …

The Central Bank of Nigeria has debunked the impression that the redesigning of the naira notes is targeted at some group of people. This was made known by the CBN’s director of currency, Rasheed Adams, at a post-press briefing of the Monetary Policy Committee (MPC) meeting on Wednesday in Abuja. …

The Central Bank of Nigeria (CBN) says it has received a total of N165 billion so far out of a total of N2.7 trillion currently outside the banking system, since it announced plans to introduce new naira notes and asked Nigerians to deposit all their old notes. This was made …

The Director of Information Technology at the Central Bank of Nigeria, Rakiyat Mohammed, has said that about 36 million Nigerians currently have zero access to financial services. Mohammed, who spearheaded the development and deployment of the eNaira, stated this on Tuesday during the Zenith Bank Tech Fair which was held …

The  Governor of the Central bank of Nigeria, (CBN), Godwin Emefiele, has said the institution would reduce the volume of naira cash that can be withdrawn at the counter in Nigerian commercial banks. Emefiele noted that bulk withdrawal would now require several procedures and security checks to track use of …

Nigeria’s Central Bank Governor, Godwin Emefiele has announced the apex bank is planning to reduce the volume of N500 and N1000 naira notes in circulation “over time”. The governor made this known in his briefing to the media at the monetary policy communique held on November 22nd, 2022. He was …

Access Bank’s commitment to delivering banking services to at least one in every two Nigerians has been maintained, the retail financial institution successfully commissioned and empowered Access Closa agents across Nigeria with Solar powered fibre kiosks to support their business and boost the visibility of their locations to provide more …

Data from the Central Bank of Nigeria reveals Money Supply otherwise termed M2 is now at a record high of N50.5 trillion as of October 2022. This is the highest level ever reported for one of the most important monetary-related statistics tracked by Nigeria’s central bank or any central bank …