Stanbic IBTC Bank, a leading financial services provider, is proud to announce its recent recognition at the prestigious Global Transaction Banking Innovation Awards. The award, presented during a gala event held last Thursday, acknowledged Stanbic IBTC’s exceptional contributions and innovation in the field of transaction banking. Stanbic IBTC won in four categories including Best Bank for Trade Finance in Nigeria, …

The Senate on Tuesday confirmed Mr. Olayemi Cardoso as Governor of the Central Bank of Nigeria (CBN), CBN. Other nominees who were confirmed as Deputy Governors are: Emem Usoro, Muhammad Abdullahi-Dattijo Philip Ikeazor and Bala Bello. Their screening commenced after hours of closed-door meeting, which was presided by the Senate President Godswill Obot Akpabío, having resumed from a two month …

Union Bank of Nigeria, a leading financial service provider, has released its 2022 Citizenship, Sustainability, and Innovation (CSI) report, outlining its efforts across three pivotal areas – Citizenship, Sustainability and Innovation. The seventh edition of the report, titled ‘Driving Inclusive Growth; Impacting Lives, Enabling Success’, provides an extensive overview of Union Bank’s ongoing commitment to fostering a sustainable future. It …

The naira, on Monday, appreciated at the parallel market to trade at N993 per dollar. The figure signifies an appreciation of N2 or 0.20 per cent from the N995 it traded last Friday. Bureaux De Change operators (BDCs) told newsmen that demand for the greenback had declined in the street market. The traders put the buying price of the dollar at N985 …

The  Senate will today (Tuesday) screen the acting Governor of the Central Bank of Nigeria (CBN),  Dr. Olayemi Cardoso, for confirmation, alongside four nominees as Deputy Governors, to steer affairs of the apex bank in the next five years. In a statement on Monday, the Media Office of the Senate Leader, Senator Opeyemi Bamidele said that The Red Chamber, which …

The Federal Government on Monday admitted that most of the problems confronting Nigeria were caused by bad governance from the nation’s leadership. The government however scored the administration of President Bola Tinubu high for his sound decision on the Central Bank of Nigeria (CBN), saying the report of audit by a special investigator would be out soon. It was reported …

The World Bank has approved a fresh $700million loan for Nigeria to enhance adolescent girls’ learning and empowerment. It disclosed this in a statement published on its website on Friday. The new loan is to provide additional funds for an ongoing project known as the Adolescent Girls Initiative for Learning and Empowerment. The statement read, “The World Bank approved additional …

Currency in circulation (CIC) in Nigeria jumped by N1.7 trillion as cash transactions increased. Figures obtained by The PUNCH from the Central Bank of Nigeria’s data on CIC revealed on Thursday that the currency in circulation hit N2.7 trillion as of the end of August. The currency in circulation fell to N982.1 billion as of the end of February 2023, …

President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five years at the first instance, pending his confirmation by the Senate. The President also approved the nomination of four new Deputy Governors for the CBN for a term of five …

Nigeria’s foremost digital payment service bank, 9 Payment Service Bank (9PSB), which is focused on financial inclusion, has taken financial literacy and career mentorship to Solid Teens Foundation to enlighten the teenagers who participated in the 2023 camp activities. The aim is to ensure they are well equipped with basic financial knowledge and take the right decisions in choosing a …