Agusto & Co. Affirms Fidelity Bank Plc’s ‘A’ Credit Rating and Awards ‘2’ ESG Score
Justice Godfrey Okamgba Agusto & Co., the Pan-African credit rating agency, has upheld the ‘A’ rating for Fidelity Bank Plc and…
CBN
LCCI Calls for Equal Access to FX for Importers
The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns over the unfair advantage enjoyed by certain…
FCMB’s Empowers 3m Nigerians with N105b in Loans
FastCash, First City Monument Bank’s (FCMB) instant loan solution, has successfully distributed N105 billion in loans to three…
African Startup Funding Plunges to $4.1b, Signaling Challenging Times Ahead
Total funding for African startups experienced a significant decline, dropping by 37 percent year-on-year to $4.1 billion in…
CBN Lowers Cash Reserve Ratio for Merchant Banks
The Central Bank of Nigeria (CBN) announced on Friday that it has reduced the Cash Reserve Ratio (CRR)…
Wema Bank Lifts Suspension on International Transactions for Naira Cards
Wema Bank, a prominent commercial bank in Nigeria, has announced the removal of the suspension on international transactions…
Access Bank Expands with Acquisition of Angolan Bank
Access Bank, a subsidiary of Access Holdings, has recently made a strategic move to further dominate the African…
CBN Introduces Naira Payout Option for Remittances
In a recent circular, the Central Bank of Nigeria (CBN) has instructed International Money Transfer Operators (IMTOs) to…
Foreign Exchange Reforms: BDC Operators Call for Inclusion, Legislation
Nigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in Africa’s biggest…
Lawmakers Demand CBN to Revoke Social Media Disclosure for Customers
The House of Representatives has called on the Central Bank of Nigeria (CBN) to halt the implementation of…
LAPO Disburses Over N74b in H1 2023, Targets N200b
LAPO Microfinance Bank Limited (LAPO MfB), a prominent microfinance institution based in Nigeria, has reported that it disbursed…
Bank Customers Lost N472m to Fraudsters in Q1 2023
Bank customers in Nigeria lost a total of N472 million to fraudsters in the first quarter of this…
CBN Seeks Consultant to Implement Payment System Vision 2025
The Central Bank of Nigeria (CBN) has announced its intention to engage a consultant to drive the implementation…
CBN Addresses Failed Bank Transactions, Returns N115.45b to Consumers
The financial sector, particularly the banking industry, has been undergoing significant transformations with the advent of disruptive technologies…
Nigerian Banks Warned about Transactions with High-Risk Countries
The Central Bank of Nigeria (CBN) has issued a cautionary message to Nigerian banks, urging them to exercise…