CBN Stops Sale Of FOREX To BDCs

CBN Stops Sale Of FOREX To BDCs

The Central Bank of Nigeria (CBN) on Monday announced immediate discontinuation of the sale of Foreign Exchange (forex) to Bureau de Change (BDC) operators in the country.  Mr. Godwin Emefiele, the CBN Governor, made this announcement on Tuesday while presenting...
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Sekibo: Market Formation Framework, Driver To Optimally Develop Solid Mineral Sector

Sekibo: Market Formation Framework, Driver To Optimally Develop Solid Mineral Sector

MD/CEO of Heritage Bank Plc, Ifie Sekibo has said that market formation framework is the key to optimally exploit Nigeria’s precious metal and solid minerals endowments.  He disclosed this during a webinar organised by the Securities and Exchange Commis...
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Ecobank Celebrates Nigerians In Diaspora, Explains Zero Fees For Transactions On Rapidtransfer

Ecobank Celebrates Nigerians In Diaspora, Explains Zero Fees For Transactions On Rapidtransfer

In commemoration of this year’s National Diaspora Day event, Ecobank Nigeria is joining the rest of the country to celebrate Nigerians in the diaspora by making transactions on its proprietary money transfer app, Rapidtransfer, free of charge.   Th...
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Fidelity Bank Boss Advocates Financial Education, Inclusion For Children

Fidelity Bank Boss Advocates Financial Education, Inclusion For Children

The Chief Executive Officer, Fidelity Bank Plc, Mrs Nneka Onyeali-Ikpe,  has urged parents to ensure financial education and inclusion for their children to prepare them for opportunities in the future.  A statement issued on Friday by Mr Ejike ...
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Innoson Urges Court To Set Aside Order On GTB’s Plan To Transform To Holding Company

Innoson Urges Court To Set Aside Order On GTB’s Plan To Transform To Holding Company

AN Enugu-based manufacturing and trading company, Innoson Nigeria Limited, is seeking the order of a Federal High Court, Lagos Judicial Division, to, among others, set aside its ex parte order approving GTB’s intention&nbsp...
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Fidelity Bank Unveils 7-Point Growth Agenda

Fidelity Bank Unveils 7-Point Growth Agenda

By Moses Ebosele, ebosele@hotmail.com  — The management of Fidelity Bank Plc has unveiled seven-point agenda aimed at strategic growth and expansion.  In a statement on Saturday, the bank’s Chief Executive Officer/ Managing Direct...
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At TAJBank’s AGM, Shareholders Laud Performance

At TAJBank’s AGM, Shareholders Laud Performance

Shareholders of TAJBank Limited, Nigeria’s leading non-interest banking products and services provider, yesterday commended the board and management of the bank for its impressive performance in its first year of operations, promising continued commitment to...
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Ecobank Nigeria Promotes 600 Staff, Recruits New Employees

Ecobank Nigeria Promotes 600 Staff, Recruits New Employees

Ecobank Nigeria has announced the promotion of 682 staff effective May 1st, 2021 representing 26% of its core staff despite the impact of the COVID-19 pandemic and all the attendant impact on business performance globally.  This accord...
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FBN Holdings Harps On Critical Role Of Financial Statement To Investment Drives

FBN Holdings Harps On Critical Role Of Financial Statement To Investment Drives

FBN Holdings (FBNH) Plc on Thursday harped on the importance of financial statements reporting to drive investments in the country.  The Chief Finanicial Officer of FBNH, Oyewale Ariyibi, said this at the Capital Market Correspondents Association of Niger...
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Afreximbank Seeks Harmonisation Of African Automotive Standards

Afreximbank Seeks Harmonisation Of African Automotive Standards

African Export-Import Bank (Afreximbank) is supporting the African Organisation for Standardisation (ARSO) to harmonise standards in the automotive sector in Africa in order to facilitate an accelerated development of the sector across the continent. The harmo...
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CBN Increases Forex Allocation To Banks

CBN Increases Forex Allocation To Banks

The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers. This particularly relates to requests of travelers seeking foreign exchange for travel allowances, payment of...
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Ecobank Nigeria Appoints New Head Of Marketing And Corporate Communications

Ecobank Nigeria Appoints New Head Of Marketing And Corporate Communications

Ecobank Nigeria has announced the appointment of  Mr. Babajide Sipe to Head the Marketing and Corporate Communications department.   In a statement sens to City BusinessNews online, Ecobank Nigeria said: “ An experienced Marketing & B...
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Fidelity Bank Rewards 62 SWEETA Holders With N150, 000 Each

Fidelity Bank Rewards 62 SWEETA Holders With N150, 000 Each

To mark this year’s Children’s Day, Fidelity Bank Plc doled out N150, 000 to 62 Sweet Account (SWEETA) holders across the country, amounting to whopping total of N9.3 million.      Under the auspices of the loyalty scheme, the bank...
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First Bank CEO Wins 2020 Banker Of The Year Award

First Bank CEO Wins 2020 Banker Of The Year Award

By citybusinessnews@yahoo.com  —  The Managing Director /Chief Executive Officer of First bank Ltd, Dr Adesola Adeduntan, has emerged winner of Champion Newspapers  2020 Banker of the year award.   Also in the corporate award category,...
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