BANKING

Naira depreciation threatens Nigeria’s economy’s outlook - The continuing depreciation of the naira is affecting business activities and threatening Nigeria’s corporate outlook with wide implications for the economy, the Lagos Chamber...

FX website, AbokiFX says it will temporarily suspend rates update amid CBN crackdown - AbokiFX, an online foreign exchange rate website, has said it will temporarily suspend rates on all its...

Standard Chartered Introduces Smart Business Loan - A credit facility package targeted at small business owners in Nigeria called Smart Business Loan (SBL) has been introduced by Standard Chartered Bank. The...

Union Bank appoints Aisha Abubakar as Independent Non-Executive Director - Union Bank of Nigeria Plc has announced a change to the membership of its Board of Directors with the appointment of...

Access Bank launches $500m Senior Unsecured Eurobond - Nigeria’s largest bank by assets base, Access Bank Plc, has announced successful launch of a $500 million 144A/RegS Senior Unsecured Eurobond – 5-year...

Expectations, doubts greet CBN’s e-naira as October 1 launch date draws near - After four years of researching and seeking perfection for its digital currency, the Central Bank of Nigeria (CBN)...

Crumbling Naira value raises fear of hyper-inflation - There are growing concerns that unless drastic measures are urgently taken, the current unprecedented downward spiral of the Naira may lead to a...

Tier 1 Nigerian banks post strong earnings - It’s yet another strong showing by three of Nigeria’s leading banks, United Bank for Africa (UBA), Guaranty Trust Holding Company Plc and Fidelity...

CBN warns banks against FX malpractice, threaten sanctions - Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has warned that banks involved in any form of foreign exchange (FX) malpractice...

Nigeria’s central bank denies converting customers’ domiciliary accounts to naira - The Central Bank of Nigeria (CBN) has said it did not direct banks to convert all customers’ domiciliary accounts into...