Online News Magazine
Online News Magazine
The Central Bank of Nigeria, (CBN) in its efforts to providing liquidity to the Bureau De Change (BDC) Operators segment of the foreign exchange market, has approved the sale of US$20,OOO.OO. This will be sold to each eligible BDC at the rate of NI,590/$. In a statement signed by Dr. W. J. Kanya, Acting Director, […]
The Central Bank of Nigeria (CBN) has temporarily withdrawn its biennial publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines published on September 17, 2024. The withdrawal is in response to certain instances of misinterpretation or misrepresentation of the document. The apex bank took the decision to minimise the risk of any further misrepresentation. […]
Jaiz Bank, Nigeria’s pioneer Non-Interest Bank, has emerged the global Most Promising Islamic Bank in 2024. The Global Islamic Finance Awards (GIFA) yesterday announced Jaiz Bank the overall winner in this category over two other nominees of equal pedigrees, during the Global Islamic Finance Summit (GIFS) and awards ceremony in the picturesque Republic of Maldives. […]
The Presidency has denied a report that President Bola Ahmed Tinubu told the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, to resign as a result of the continued fall of naira in the foreign exchange market. Some online reports claimed that President Tinubu had ordered Cardoso to resign his appointment as the CBN governor […]
L-R: Representative of President of Federal Republic of Liberia and Vice-President, His Excellency Jeremiah Kpan Koung; Chairman of Heirs Holdings and Chairman UBA Group, Mr. Tony Elumelu, CFR, FCIB; Representative of President of Democratic Republic of Congo and Vice Prime Minister/Minister of the Economy, His Excellency, M. Daniel Mukoko Samba; rep of President and Commander-in-Chief […]
The Nigeria Deposit Insurance Corporation (NDIC), the Central Bank of Nigeria (CBN), the Bank of Industry (BoI), the United Bank for Africa, Access Holdings plc and a host of other banking and financial institutions have thrown their weight behind the 2024 conference of the Finance Correspondents Association of Nigeria (FICAN) featuring discussions on the ambitious […]
United Capital Trustees, a subsidiary of leading pan-African investment banking and financial services group, United Capital Group, is pleased to announce the appointment of Michael Abiodun Thomas as the new Managing Director/Chief Executive Officer. This appointment follows a rigorous approval process by the Securities and Exchange Commission (SEC). Michael Abiodun Thomas brings nearly two decades […]
L-R Head, Corporate Communications, Polaris Bank, Mr. Rasheed Bolarinwa; National Treasurer, CIBN, Dr. Peter Ashade, FCIB; GMD/CEO, United Capital Plc and Chairman Consultative Committee on 17 Annual Banking and Finance Conference, Mr. Oliver Alawuba, FCIB; President/Chairman of Council, Prof. Pius Deji Olanrewaju, Ph.D, FCIB; Registrar/CEO, Mr. Akin Morakinyo, FCIB; and Chairman, Media, Publicity & Stakeholders […]
United Capital Group, a leading pan-African investment banking and financial services institution, has successfully led the issuance of Sierra Leone’s first local currency corporate bond, valued at SLE32 million (approximately US$1.4 million). This historic milestone signifies a transformative moment for Sierra Leone’s capital market. Acting as the Financial Adviser, United Capital through its investment banking […]
The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553 million in July 2024, a 130 per cent increase from the corresponding period in 2023. This figure represents the highest monthly total inflows on record and reflects ongoing efforts by the CBN to enhance liquidity in Nigeria’s foreign exchange […]
