MONEY MARKET

A financial expert, Prof. Uche Uwaleke, has urged the Central Bank of Nigeria (CBN) to speed up access to the N50 billion intervention scheme aimed at cushioning the effect of COVID-19 for small businesses. Uwaleke, a Professor of Finance and Capital Market at the Nasarawa State University, Keffi, stated this...

  Sterling Bank Plc, a leading Nigeria’s commercial bank, has introduced some palliative measures for customers in a bid to cushion the adverse effects of the government ordered lockdown in parts of the country aimed at halting the spread of the dreaded COVID-19. Chief Executive Officer of the bank, Mr....

Sterling Bank Plc, Nigeria's leading commercial bank, has partnered with more than 1, 000 reputable healthcare centres and hospitals nationwide to launch a health insurance scheme.  The scheme gives Nigerians access to qualitative and affordable healthcare services nationwide. Mr. Shina Atilola, Divisional Head, Retail and Consumer Banking, Sterling Bank, who...

Assures customers of best-in-class service at this challenging times Zenith Bank Plc has introduced an automated voice banking service, an interactive voice response (IVR)solution which enables customers to perform basic banking transactions by dialling a dedicated phone line through their registered phone numbers and following the prompts. By simply dialling...

From today, Tuesday, 31 March 2020, the Central Bank of Nigeria (CBN) has suspended the clearing of all cheque instruments in the Nigerian clearing system. A circular signed and sent out to all Deposit Money Banks (DMBs) and the Nigeria Internal Settlement  System (NIBSS) by the CBN on Monday stated:...

  The Central Bank of Nigeria (CBN) has suspended the issuance of Foreign Exchange and granted a two-week market holidays to the Bureaux De Change (BDC) operators. This followed a request by the Association of Bureaux De Change Operators of Nigeria (ABCON) to the CBN for the regulator to grant...

 The Central Bank of Nigeria (CBN) says it has triggered business continuity plans to ensure the bank’s operations remain uninterrupted despite COVID-19 outbreak in the country. Mr Isaac Okorafor, the CBN Director of Corporate Communications Department, said this in a statement in Abuja on Wednesday. Okorafor disclosed that the apex...

The Central Bank of Nigeria (CBN) on Tuesday retained the benchmark interest rate at 13.5 per cent to further allow its policy effect on the system and the current palliative measures adopted by the bank to ameliorate the impact of Covid-19 on the economy. The bank said the reduction in...

The Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mr. Nnamdi Okonkwo on Monday commiserated with traders and others victims of Sunday’s tragic explosion in Abule Ado, Amuwo Odofin Local Government Area (LGA) of Lagos State. Accompanied by other Executive Management staff, Okonkwo who visited the affected market areas was received...

Going by its statement to The Nigerian Stock Exchange (The NSE) at the weekend, it can be safely concluded that First Bank Plc is either planning merger with some banks or outright acquisition of some other lenders within or outside the country. The move, according to financial analysts, is in...