The Central bank of Nigeria (CBN) has prohibited Microfinance Banks (MFBs) from executing foreign exchange transactions, citing concerns about their financial capability to handle such. This...
NIRSAL Microfinance Bank (NMFB) has disbursed a total of N439.74 billion to 711,706 beneficiaries under the Agribusiness/Small and Medium Enterprises Investment Scheme (AGSMEIS) and the Targeted...
This month, Samsung announced its participation in a Bank of Korea project which aimed to develop a platform for a CBDC. The pilot will “research the practicalities of...
The management of Ellah Lakes Plc on Thursday announced that CBO Capital Partners LTD, a substantial shareholder in the company, divested N113.155 million from the company....
Determined to foster gender parity and sustain its reputation as a gender-friendly organisation, Stanbic IBTC Holdings PLC continued to ensure that every female employee has equal...
The Chairman of the Economic and Financial Crimes Commission, Mr. Abdulrasheed Bawa, has warned financial institutions against fraudulent election financing, foreign exchange malpractice, and money laundering....
Nigeria’s Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed has confirmed that the Federal Government’s 2020 budget of sustaining growth and job creation was...
The Central Bank of Nigeria (CBN) recently released a framework to protect Other Financial Institutions (OFIs) against cyber attacks. This was contained in a memo by...
Sterling Bank Plc is currently enmeshed in a N1.7 billion fraud scandal. The fraud is said to have rattled the lender’s financial position and it has...
The Federal Inland Revenue Service (FIRS) said it has projected N10.1 trillion revenue collection target for the next fiscal year 2022. According to the Chairman of...
