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Home Business Banking & Finance (page 13)

Banking & Finance

Naira rises, trades at 1,730/$ in parallel market

By Breezynews
1 November 2024
in :  Banking & Finance
0
15

The Naira yesterday appreciated to N1,730 per dollar in the parallel market from N1,725 perdollar on Wednesday. The Naira depreciated to N1,675.49 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,675.49 per dollar from N1,631.17 per dollar on Wednesday indicating N44.32 depreciation for the naira. …

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Naira appreciates, hits 1,725/$ in parallel market

By Breezynews
30 October 2024
in :  Banking & Finance
0
3

The Naira yesterday appreciated to N1,725 per dollar in the parallel market from N1,730 per dollar on Monday. Similarly, the Naira appreciated to N1,630.45 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,630.45 per dollar from N1,670.65 per dollar on Monday indicating N40.2 appreciation for …

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Naira rises to 1,730/$ in parallel market

By Breezynews
29 October 2024
in :  Banking & Finance
0
6

The Naira yesterday appreciated to N1,730 per dollar in the parallel market from N1,740 per dollar last weekend. However, the Naira depreciated to N1,670.65 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,670.65 per dollar from N1,600 per dollar last Friday, indicating N70.65 depreciation for …

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Polaris Bank retains double honours as best in digital banking, MSME

By Breezynews
28 October 2024
in :  Banking & Finance
0
5

Polaris Bank, Nigeria’s leading digital retail commercial bank, again at the weekend proved its digital dominance in the Nigerian banking industry, winning the most-coveted award as the best in digital banking and the entire ecosystem for Micro, Small and Medium Enterprises (MSMEs). At the Banks and Other Financial Institutions (BAFI) Awards, financial industry’s prestigious awards, Polaris Bank’s trailblazing digital banking …

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CBN: The diaspora exploration 

By Ibrahim Modibbo
26 October 2024
in :  Banking & Finance, Opinion
0
23

In the race towards globalization and multiculturalism in modern economies, consensus is built around strategic thinking for the common good of the people. Conscious of the enormity of myriad of problems confronting the Nigerian economy, the Apex Bank, Central Bank of Nigeria (CBN) is strategising with focus on exploring the threshold of the problems with a defined trajectory of revamping …

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Polaris Bank trains 5,000+ journalists in 10 years

By Breezynews
25 October 2024
in :  Banking & Finance
0
8

Polaris Bank Limited, Nigeria’s leading digital retail commercial bank, has empowered more than 5,000 journalists across the country in the last 10 years, through its yearly media capacity building workshops. The 2024 edition of the media workshop, which held on Thursday in a hybrid format, focused on ‘Integrating AITools in Contemporary Media Practices for Innovation and Excellence’. Head of Brand …

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No expiry date for old Naira notes, CBN dismisses report

By Breezynews
25 October 2024
in :  Banking & Finance
0
77

The Central Bank of Nigeria (CBN) has dismissed reports that the old N200, N500, and N1,000 banknotes will cease to be legal tender by 31 December 2024. In a statement by the Acting Director of Corporate Communications, Mrs. Sidi Ali, the CBN refuted these claims, stating they are false and intended to disrupt the country’s payment system. Ali emphasized that …

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First Bank fixes Saturday for system migration

By Breezynews
24 October 2024
in :  Banking & Finance
0
67

First Bank has announced plans to transition to a new cloud-based procurement and financial platform as part of its ongoing strategy to improve operational efficiency and service delivery. The migration, scheduled to begin on Saturday, 26 October, is expected to result in temporary service disruptions, the tier one lender with over 42 million customers said in a Wednesday notice. This …

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Union Bank rolls out groundbreaking maternity, crèche scheme for employees 

By Breezynews
24 October 2024
in :  Banking & Finance
0
11

Union Bank has set a new standard in Nigeria’s financial sector by offering unparalleled comprehensive maternity leave to support working mothers and an on-site crèche facility to support working parents. The scheme will benefit both male and female full-time employees. The initiative includes an industry-leading five months of fully paid maternity leave, exclusive of the applicable annual leave, and an …

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Polaris Bank empowers media practitioners via capacity building workshop

By Breezynews
21 October 2024
in :  Banking & Finance, Media
0
12

As part of its ongoing commitment to continually empower the Nigerian media and enable it play the critical watchdog role in the society, Polaris Bank is organising an open workshop for all classes of journalist across the media spectrum. It is one of its critical Corporate Social Responsibility (CSR) interventions meant to positively impact key stakeholders. The 2024 media workshop …

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