The Alternative Bank, Nigeria’s newest entrant into the financial services sector, launched in spectacular fashion by holding simultaneous events in three major cities across the country – Lagos, Abuja, and Kano, making it the first synchronised multi-city brand unveiling in Nigeria’s history. The Alternative Bank is the ethical banking subsidiary of Sterling Financial Holdings. From Lagos, Managing Director, Hassan Yusuf …

The Minister of Finance and Coordinating Minister for the Economy, Chief Olawale Edun has been appointed as the Chairman of the African Governors’ Forum of the World Bank. The African Governors’ Forum serves as a crucial platform, facilitating dialogue between African finance ministers, central bank governors, and the World Bank. The Ministry of Finance announced this historic appointment on Saturday …

Another set of 50 lucky Nigerians have emerged winners in the monthly draw of the ongoing Polaris Save N Win promo. The draw, which took place at the Polaris Bank headquarters in Victoria Island, Lagos last weekend, is in line with the bank’s commitment to rewarding its esteemed customers. It was witnessed by representatives of the relevant regulatory agencies, who attested …

The Central Bank of Nigeria (CBN) on Thursday restored the 43 items previously prohibited from access to foreign exchange (FX). In a statement on Thursday, CBN’s Director of Corporate Communications, Isa AbdulMumin said the apex bank reiterated its commitment to ending the foreign exchange crisis. It added that it is working towards an FX backlog with existing participants and will …

The exchange rate between the naira and the dollar has dropped to N1,040 in the parallel market. The ongoing trend of demand surpassing supply seems to be a contributing factor. Forex traders report inflow quotes ranging from N1,035 to N1,045 per dollar, indicating heightened scarcity, Nairametrics reports Wednesday night. Despite this, the official trade rate remains at N776.8/$1, highlighting a …

The use of the United States dollars and other foreign currencies as legal tender for domestic transactions in Nigeria is under probe, according to a Tuesday order from the House of Representatives sent to the Committee on Banking Regulation. The House of Representatives also urged the Central Bank of Nigeria to address Naira’s depreciating value in relation to the dollar …

Wema Bank has awarded winners of its Hackaholics 4.0, who are tech start-ups, a cumulative N50 million. IRETI, a health-tech startup that helps women bridge the gap and manages breast cancer emerged winner of the Wema Bank’s Hackaholics 4.0. The winner was announced on Friday during the Wema Bank/ALAT Hackaholics Digital Summit and Grand Finale tagged ‘Re-imagine: Disrupting the Ecosystem …

Polaris Bank, in commemoration of the 2023 Customer Service Week (CSW), is celebrating its customers and staff for their patronage and commitment to service excellence over the years. The 2023 CSW theme is, ‘Team Service’. The global week-long event runs from 2nd to 6th October 2023. The celebration is an annual event highlighting the importance of customer service, the staff …

Sterling Financial Holdings Company has said that it is actively driving collaboration and partnerships with regulators, infrastructure providers, operators, and other financial services providers to bolster the security of the Nigerian consumer and improve the safety of the financial ecosystem. At the recent Sterling Thought Leadership Series for Information Technology, themed ‘The State of FI Consumer Security’, in Lagos, the …

Sterling Financial Holdings Company, said it is actively driving collaboration and partnerships with regulators, infrastructure providers, operators, and other financial services providers to bolster the security of the Nigerian consumer and improve the safety of the financial ecosystem. Executive director and group chief operating officer of Sterling Financial Holdings, Olayinka Oni stated this at the recently held Sterling Thought Leadership …