Online News Magazine
Online News Magazine
In a significant move aimed at enhancing financial inclusion and the digital payment landscape in Nigeria, the United Bank for Africa (UBA) on behalf of Nigeria Inter-Bank Settlement System (NIBSS), other Banks and financial institutions, has successfully hosted the inaugural Annual General Meeting (AGM) of the NQR Industry Committee reinforcing the importance of cutting-edge Quick […]
The Central Bank of Nigeria, CBN, will, on Monday, launch its newly redesigned website (www.cbn.gov.ng), which will be operational immediately. A statement released on Sunday by its Acting Director, Hakama Sidi Ali, said the redesigned website introduces a variety of new content, which encompasses a broader spectrum of information regarding the bank’s mandate. The statement […]
Governor, Central Bank of Nigeria, Mr. Olayemi Cardoso, has advised Nigerians against leaving the country (Japa). He assured that the apex bank is building an economy where everybody and business can thrive. Cardoso gave the advice in a keynote address at the 59th annual Bankers Dinner of the Chartered Institute of Bankers of Nigeria, CIBN, […]
The Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, on Friday advised bank customers to report any difficulties in withdrawing cash from bank branches or ATMs to the apex bank from December 1. Cardoso, who spoke during the 2024 annual bankers dinner in Lagos organised by the Chartered Institute of Bankers of Nigeria (CIBN) […]
The Capital Market Correspondents Association of Nigeria (CAMCAN) has concluded arrangements for its 2024 annual workshop, a pivotal gathering aimed at fostering dialogue and proffering solutions to challenges facing the Nigerian capital market and the broader economy. The workshop with the theme: “Banks’ Recapitalisation: Bridging the Gap Between Investors and Issuers in the Nigerian Capital […]
The Central Bank of Nigeria (CBN) has instructed banks participating in the interbank foreign exchange market to implement the Bloomberg BMatch system, effective December 2nd, 2024. This move, according to the apex bank, aims to ensure uniformity and seamless trading among market participants. The Bloomberg BMatch platform is designed to enhance the integrity and operational […]
The Central Bank of Nigeria (CBN) has warned members of the public against the activities of fraudsters purporting to be in receipt of award letters of contracts related to construction works and special financial interventions on behalf of the bank. A statement issued on Monday and signed by Hakama Sidi Ali, Acting Director, Corporate Communications, […]
Central Securities Clearing System (CSCS) Plc, Nigeria’s premier capital market infrastructure, has been honoured for its outstanding contributions to the financial services industry. CSCS received the prestigious Capital Market Infrastructure Developer of the Year award, at the 12th Business Day Banks and other Financial Institutions (BAFI) Awards, held last week Friday, at the Lagos Continental […]
The Senate on Wednesday passed the NDIC amendment bill to strengthen the corporation and safeguard depositors’ funds. Its passage followed the adoption of the report of the Senate Committee on Banking, Insurance, and Other Financial Institutions. The bill, titled “Nigeria Deposit Insurance Corporation Act 2023″, was sponsored by Sen. Adetokunbo Abiru (APC-Lagos). Abiru , while […]
Central Securities Clearing System (CSCS) Plc, Nigeria’s premier capital market infrastructure, has been honoured for its outstanding contributions to the financial services industry. CSCS received the prestigious Capital Market Infrastructure Developer of the Year award, at the 12th Business Day Banks and other Financial Institutions (BAFI) Awards, held last week Friday, at the Lagos Continental […]
