The CBN has spent N281.07 billion to print bank notes between 2016 and 2020 and another N3.88 billion to destroy mutilated notes within the same period.
Data from the apex bank showed that N33.37 billion had been used to print new notes in…
National Union of Banks, Insurance and Financial Institutions’ Employees, NUBIFIE, has rejected last week’s sale of Polaris Bank Nigeria Limited, without the knowledge of stakeholders, including organised labour.
NUBIFIE said it was worried that, among others, a bank the government spent over N3…
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has advised banks and other Financial Institutions (OFIs) to prepare against the rising threats of cybercrime in the financial system
Emefiele said this yesterday at the second National Risk Management Conference…
The Governor, Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022.
He also said that existing notes would seize to be regarded as legal tender by January 31, 2023.
Emefiele disclosed this during…
Access Holdings Plc, trading as Access Corporation, on Tuesday, announced that the National Pension Commission and the Federal Competition and Consumer Protection Commission had granted their approvals to the proposed acquisition by First Guarantee Pension Limited and First Ally Asset Management Ltd…
The Central of Nigeria (CBN) has released supervisory framework for Payment Service Banks. The framework among other things empowered the PSB operators to sell foreign currencies, especially dollars, to authorised foreign exchange dealers.
The CBN framework also authorised the PSBs to accept deposits…
Investors lost N1.7tn at the end of trading on the floor of the Nigerian Exchange Limited last week, following major dips in Airtel Africa Plc, Beta Glass Plc, and NEM Insurance Plc stocks.
The market opened the trading week with N25.91tn on October…
A total of 15 companies have defaulted on the post-listing requirement of the Nigerian Exchange Limited (NGX) by falling to submit their 2021 financial year statements to investing public as required by the NGX in its post listing rules, THISDAY finding have…
The African Development Bank (AfDB) is setting up a $1.5 billion green finance facility to help meet surging demand for money to develop clean energy and defend infrastructure against floods, storms and rising seas exacerbated by global warming.
The AfDB plans to partner…
The International Finance Corporation (IFC), an arm of the World Bank Group, has disclosed that Nigeria would get about seven per cent share of the $1 trillion climate change investment opportunity coming to Africa, which translates to $70 billion.
The IFC’s EDGE and…
