By Aderogba George A Civil Society Organisation, Save Nigeria Movement (SNM), said the Central Bank of Nigeria (CBN) should compensate Nigerians with two trillion Naira for losses during the naira redesign by the suspended Governor, Godwin Emefiele. The group said this in a letter to the CBN dated July 6Continue Reading
By Ikenna Uwadileke The African Export–Import Bank (Afreximbank) on Thursday in St Petersburg, Russia, announced a credit limit of 3 billion dollars to support African investors willing to exploit the opportunities in Russia. The President and Chairman Board of Directors of Afreximbank, Dr Benedict Oramah said this at the openingContinue Reading
By Kadiri Abdulrahman The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Monday raised the country’s Monetary Policy Rate (MPR) from 18.5 per cent to 18.75 per cent. The Acting Governor of the CBN, Mr Folashodun Shonubi made this known on Tuesday, while presenting the communiqueContinue Reading
By Kadiri Abdulrahman As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) prepares for its July meeting, some financial experts have called for moderation in its policy decisions. The News Agency of Nigeria (NAN) reports that the CBN has announced that the 292nd meeting of theContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN), and the Central Bank of Egypt (CBE) have signed a Memorandum of Understanding (MoU) to establish a Nigeria – Egypt Fintech Bridge. According to a statement obtained from the website of the CBN, the MoU was signed on Tuesday at theContinue Reading
By Lydia Ngwakwe Mrs Oludolapo Adigun, Group Head, Retail Banking, South, FirstBank, has advised Small and Medium-sized Enterprises (SMEs) to see opportunity in adversity and make good use of it to stay strong in business. Adigun gave the advice at a SMEConnect webinar, organised by the FirstBank forContinue Reading
By Lydia Ngwakwe United Bank for Africa (UBA) has unveiled the UBA Braille Account Opening Form, designed specifically to cater for the financial needs of the visually impaired. The News Agency of Nigeria (NAN) reports that the new UBA Braille Account Opening Form was launched at the bank’s head officeContinue Reading
By Vivian Ihechu Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank) says the COVID-19 pandemic and Ukraine crisis exposed the vulnerability of Africa in many ways. According to him, these events dramatise Africa’s over-dependence on others for our basic needs of foodContinue Reading
By Okon Okon President Bola Tinubu has suspended the Central Bank Governor (CBN), Mr Godwin Emefiele from office with immediate effect. The Secretary to the Government of the Federation (SGF), Sen. George Akume, made this known in a statement on Friday in Abuja. According to Akume, this is sequel toContinue Reading
By Lucy Ogalue The African Development Bank (AfDB), says addressing plastic pollution requires effective multi-stakeholder partnerships among the government, private sector, youth groups and Civil Society Organisations (CSOs). The Director-General, Nigeria Country Department of AfDB, Lamin Barrow, in a statement, was quoted to have spoken at a Webinar to commemorateContinue Reading
