The stark reality of financial exclusion in Africa has been laid bare by the Group Managing Director of United Bank for Africa (UBA), Oliver Alawuba. According to him, a staggering 80% of Africans remain outside the formal financial system, lacking access to essential financial services. At a reception honouring the 23rd President/Chairman of Council, Chartered Institute of Bankers of Nigeria …

The Central Bank of Nigeria (CBN) has terminated the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). The decision, approved by CBN Governor Mr. Olayemi Cardoso on Friday, marks the latest in a series of layoffs at the apex bank since he assumed office last year. The sacked NIRSAL executive directors are …

The Naira yesterday appreciated to N1,615 per dollar in the parallel market from N1,620 per dollar on Wednesday. Similarly, the Naira yesterday appreciated to N1,593.93 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,593.93 per dollar from N1,606.56 per dollar on Wednesday, indicating N12.66 appreciation …

The Naira yesterday depreciated to N1,620 per dollar in the parallel market from N1,615 per dollar on Tuesday. Similarly, the Naira yesterday depreciated to N1,606.56 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,606.59 per dollar from N1,594.27 per dollar on Tuesday, indicating N12.32 depreciation …

The Naira yesterday depreciated to N1,615 per dollar in the parallel market from N1,610 per dollar on Monday. However, the Naira yesterday appreciated to N1,594.27 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,594.27 per dollar from N1,596.6 per dollar on Monday, indicating N2.33 appreciation …

The Naira yesterday depreciated to N1,610 per dollar in the parallel market from N1,600 per dollar last week Friday. Similarly, the Naira yesterday depreciated to N1,596.6 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1596.6 per dollar from N1,570.14 per dollar last week Friday, indicating …

A leading financial institution, Opay has launched a new feature to enhance the protection and security of users’ finances. The new feature, the Night guard feature is aimed at preventing any breach to users’ accounts. It is a first-of-its-kind functionality in the financial industry, empowering users by significantly enhancing the protection of their finances. According to Opay, a surge in …

The Naira yesterday depreciated to N1, 615per dollar in the parallel market from N1,610 per dollar on Tuesday. However, the Naira appreciated to N1,543.84 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,543.84 per dollar from N1,592.06 per dollar on Tuesday, indicating N48.22 appreciation for …

The Naira yesterday depreciated to N1,610 per dollar in the parallel market from N1,600 per dollar on Monday. Similarly, the Naira depreciated to N1,592.06 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,592.06 per dollar from N1,579.22 per dollar on Monday, indicating N12.84 depreciation for …

As preparations advance towards the 8th edition of the Lagos International Festival of Animation (LIFANIMA), the Bank of Industry has confirmed its sponsorship of the festival for the second year running. This reinforces the bank’s continued support for the creative industry, which is now fully recognised as a critical growth sector of the economy. LIFANIMA 2024 comes up on 29th–31st …