Naira Devaluation Report Fake News – CBN
Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has denied report that the naira has been devalued contrary to a news report on June 1, 2023, titled “CBN Devalues Naira To 630/$1”. The Street Reporters Newspaper reports that the…
Full List As CBN Revokes Licences Of Microfinance Banks, Financial Institutions
Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. The revocation exercise was disclosed in the official gazette of the…
Gluwa to Support Nigeria’s Cryptocurrency Legalization, Commits $35m To Indigenous Crypto Exchanges Growth In Africa
Gluwa, a foremost global blockchain company, has announced its readiness to work closely with the Federal Government of Nigeria to create a policy framework that supports the legalization and adoption of cryptocurrencies in Africa’s largest economy. The firm believes cryptocurrencies…
CR2 Partners with Entrust to Enhance Cardholder Digital Payment Experiences
CR2, a world leader in the digital banking and payments platform industry has formed a technology partnership with Entrust, a leading enabler of trusted identities, payments and digital infrastructure. This partnership will provide CR2’s bank customers with a secure, seamless…
Interswitch Hosts Stakeholders in Sierra Leone, Boosts Financial Services Ecosystem
Interswitch, Africa’s leading integrated payments and digital commerce company, has further deepened its expansion beyond the shores of Nigeria with organization of its first breakfast session in Sierra Leone. The launch is coming as a result of the technology giant’s…
Bank Failure: NDIC Assures Nigerians Of Safety Of Deposit
The Nigeria Deposit Insurance Corporation (NDIC) has assured bank depositors of the safety of their monies in banks even in unlikely event of bank failure. Dr Kabiru Katata, Director, Research Policy and International Relations Department of NDIC, said this on…
Alleged N206bn Budget Padding: Arrest Finance Minister, HURIWA Tasks EFCC
Cautions EFCC against naming government officials as ‘ambassadors’ since EFCC isn’t chieftaincy awarding institution: Prominent civil rights advocacy group, Human Rights Writers Association of Nigeria (HURIWA), on Monday, tasked the Economic and Financial Crimes Commission to arrest or invite for…
Northern Patriots Urge Buhari To Disregard Calls For Sack of Emefiele Over Naira Redesign
… Wants CBN To Make Redesigned Naira notes Expirable On Given Date An amalgamation of patriots in Northern Nigeria under the aegis of Coalition Of Northern Patriots For National Reorientation has called on President Muhammadu Buhari to ignore calls for…
Value Financing Will Spur Growth of Payment Ecosystem
Africa’s leading Integrated payments and digital commerce company, Interswitch, has restated its commitment to continue supporting customers to meet urgent needs through its technology-driven lending solution called Value Financing. The Value Financing solution is designed to provide customers with credit…
Retail Banks Recognize Need To Invest In ESG Initiatives – BCG Banking Report
As interest in sustainability continues to rise over the years, and concerns over climate change have become decision drivers for customers, investors, and policymakers, retail banks are responding by building sustainability into their digital transformation programs. Three-quarters of retail banks…
Stanbic IBTC Wins Multiple Awards at 5th FMDQ Gold Awards
Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has won four awards at the recently concluded 5th Annual FMDQ GOLD Awards Ceremony held at Eko Hotel and Suites, Lagos. The company was recognized for its significant performance…
