MONEY MARKET

  The Central Bank of Nigeria (CBN), on Tuesday, charged operators of bureaux de change to curb money laundering and terrorism by operating in accordance with the rules of the business. Mr Kayode Asanmo, the CBN Deputy Director, Banking Supervision, disclosed this during a sensitisation programme in the South –South...

    The Central Bank of Nigeria (CBN) on Tuesday released regulation for electronic payments and collections for public and private sectors in the country. The News Agency of Nigeria (NAN) reports that the regulation is a revision of the Guidelines on Electronic Payment of Salaries, Pensions, Suppliers and Taxes...

  The Central Bank of Nigeria (CBN) has injected 321.11million dollars into the retail Secondary Market Intervention Sales (SMIS). The CBN Director of Corporate Communications, Mr Isaac Okorafor, disclosed this in a statement in Abuja on Friday. Okorafor said the figures indicated that the sum of CNY33.3 million was also...

  The Chartered Institute of Bankers of Nigeria (CIBN), has reiterated the need for creation of more credit facilities, to boost lending and deepen financial inclusion in the country. Mr Uche Olowu, President and Chairman of Council, CIBN, said this at a press conference on the Institute’s 12th Annual Banking...

  MTN says, over 36.6 million unbanked customers will benefit from its super-agent network service named ‘MoMo Agent’ as part of Financial Inclusion Drive in the country. Mr. Usoro Usoro, Director, MTN Y’ello Digital Financial Services (YDFS) disclosed this at the launch of the ‘MoMo Agent’ in Abuja in Thursday....

Nigeria’s leading financial institution, Zenith Bank Plc, has introduced the Zenith Children’s Account (ZECA) Education Loan to assist parents pay their children/wards school fees as the new school session begins. The loan offering, which is disbursed directly to the account of the beneficiary’s school, comes at a very competitive interest...

The naira on Monday traded at N358.6 to the dollar at the parallel market in Lagos. The pound sterling and the euro closed at N445 and N396, respectively. At the Bureau De Change (BDC) segment, the naira was sold at N358.6, while the pound sterling and the euro closed at...

  The Central Bank of Nigeria (CBN) has issued guidelines on disclosure and transparency Consumer Protection Framework (CPF). The guidelines, according to CBN, is to give effect to the Disclosure and Transparency Principle contained in the Consumer Protection Framework (CPF) for institutions regulated by the CBN. The Guidelines provide minimum...

The currency was N359 to dollar at the parallel market in Lagos, while it was exchanged at N445 and N397 to the pound sterling and Euro, respectively. At the Bureau De Change (BDC) window, the naira closed at N359 to the dollar, while it was N445 and N397 to the...

Fidelity Bank on Wednesday said it had rewarded 7,109 customers with N2.9 billion since 2015. The bank’s Regional Head, Mrs Vanessa Mordi said this in Abuja during the bank’s Savings Loyalty Scheme Campaign. She said that the bank was rewarding customers under the Fidelity Personal Savings Scheme and Children Savings...