Nigerians are underserved and being punished by the inadequacies, inefficiencies and lack of governance in the banking industry, most of which can be blamed on the Central Bank of Nigeria (CBN), which is failing in its statutory responsibility to regulate and supervise the banks, according to panelists and contributors at the online citizen-organised People’s Parliament. Attendees at the event, titled, …

The Naira yesterday appreciated to N1,550 per dollar in the parallel market from N1,560 per dollar on Wednesday. Similarly, the Naira appreciated N1,554.55 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,554.55 per dollar from N1,561.98 per dollar on Wednesday, indicating N7.43 appreciation for the …

The Naira yesterday depreciated to N1,560 per dollar in the parallel market from N1,535 per dollar on Tuesday. Similarly, the Naira depreciated to N1,561.98 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,561.98 per dollar from N1,532.58 per dollar on Tuesday, indicating N29.4 depreciation for …

Stanbic IBTC’s parent company, Standard Bank Group, is delighted to announce the launch of the group’s first-ever Business and Commercial Banking Conference, themed ‘Unlocking Africa’s Growth’. The conference will be held from Wednesday, 10 to Friday 12 July 2024 in Cape Town, South Africa. Described by the bank as a landmark event, it will bring together a distinguished array of …

The Naira yesterday depreciated in the parallel market to N1,535 per dollar from N1,530 per dollar last week Friday. Similarly, the Naira depreciated to N1,523.85 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,523.85 per dollar from N1,509.67 per dollar last weekend, indicating N14.18 depreciation …

In demonstration of its leadership in the Sustainability space, leading financial institution – Fidelity Bank Plc – has emerged the first bank to publish its 2023 ISSB-Compliant Sustainability and Climate Report in the Nigerian banking industry. Hosted on the bank’s website on 30 June 2024, the report provides insights into the Bank’s Governance, Strategy, Risk Management, Metrics and Targets around …

The Naira yesterday depreciated in the parallel market to N1,535 per dollar from N1,520 per dollar on Wednesday. Similarly, the Naira depreciated to N1,520.24 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,520.24 per dollar from N1,512.61 per dollar on Wednesday, indicating N7.63 depreciation for …

The Central Bank of Nigeria has warned Deposit Money Banks to stop rejecting old and small denominations of the United States dollar bills. CBN threatened that there would be sanctions for rejections. It also urged Bureau De Change operators and the public to desist from defacing the notes. The CBN issued this warning in a circular signed by the acting …

Stanbic IBTC Holdings has announced the date for its annual women’s event tagged ‘Bloom Weekend’, coming up in July 2024. This dynamic event will celebrate women in its Blue Blossom community and feature several components including a yoga session, village market, the Ladies At The Table Empowerment Series (LATTES), an all-day trade fair, and Small and Medium Scale Enterprises (SME) …

The Naira yesterday appreciated in the parallel market to N1,510 per dollar from N1,515 per dollar last week Friday. However, the Naira depreciated to N1,508.99 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,508.99 per dollar from N1,505.3 per dollar last weekend, indicating N3.69 depreciation …