CBN unveils new framework for payment system operators

Central Bank of Nigeria (CBN) has announced a new framework for payment by operators in the…

UBA, DEG sign $50m term loan to support SMEs in Nigeria

United Bank for Africa (UBA) Plc, and Deutsche Investitions-und Entwicklungsgesellschaft mbH, the German Development Finance Institution,…

Naira drops further to $411.07/$1 at I&E, retains N502/$1 rate at parallel market

Naira opened the new week in the negative zone at the Investors and Exporters (I&E) window…

Ecobank unveils opportunities for Xpress Point agents, offers rewards for increased transactions

Ecobank Nigeria Limited’s agency banking scheme, the Xpress Point has continued to grow as it is…

Naira’s slide continues at parallel market, depreciates to N700/£1

Central Bank of Nigeria (CBN)’s decision to devalue the Naira has already begun to impact on…

Bitcoin slumps 8%, heads for bruising monthly drop

Bitcoin slumped on Friday to its lowest this week, taking losses sparked by a growing crackdown…

UBA sustains positive performance for 7th consecutive year

Financial performance of the United Bank for Africa (UBA) Plc in FY 2020 was quite impressive…

BDCs blame forex speculators, I&E window for naira’s slide on parallel market

Bureau De Change (BDCs) operators have blamed foreign exchange (forex) speculators for the pressure on the…

Outlook for Nigerian banks’ near-term credit risks stable, says Fitch Ratings, maintains ‘B’ category

Outlook for Nigerian banks’ credit fundamentals has stabilised since the initial economic shock from the pandemic,…

AUDA-NEPAD, Ecobank to launch financing component for ‘100,000 MSMEs’ Initiative

African Union Development Agency NEPAD (AUDA-NEPAD) and the Ecobank Group as strategic partner on the development…