MONEY MARKET

Zenith Bank Plc, Nigeria’s second-biggest lender, is increasing its focus on consumer lending as lower oil prices weigh on the economy, hurting its business customers. The Lagos-based bank is expecting to expand retail loans as a percentage of total credit to about 4 per cent this year from less than...

The Central Bank of Nigeria (CBN) on Tuesday injected another sum of $210 million into the interbank foreign exchange market. Figures released by the CBN indicated that authorised dealers in the wholesale segment of the market received the sum of $100 million, while the small and medium scale enterprises (SMEs)...

The Central Bank of Nigeria (CBN) on Wednesday issued banknotes fitness guidelines to commercial and microfinance banks to sustain public confidence in the nation’s currency. This is contained in a circular issued by the CBN Deputy Governor, Operations, Mrs Folashodun Shonubi and Director, Currency Operation, Mrs Priscilla Eleje in Lagos....

The Naira on Friday lost marginally to the dollar at the investors’ window, exchanging at N362.79. Market turnover at the window stood at 406.07 million dollars. At the official CBN window, the naira closed at N306.85 to the dollar. The naira traded flat at the parallel market exchanging at N361...

The Central Bank of Nigeria (CBN) on Thursday unveiled the National Financial Inclusion Strategy designed to ensure that at least 80 per cent of Nigerians have access to banking and other financial services. The CBN Deputy Governor on Financial System Stability, Mrs. Aisha Ahmad, made the presentation at the National...

  Keystone Bank has floated ‘Keystone Bank Mobile App’ with Zero Data which will enable customers of the bank transact banking services at their convenience. The feature, which is another first from the Bank and in the Nigerian banking sector, enables customers enjoy banking services on their mobile phones without...

  The Central Bank of Nigeria (CBN) says it plans to raise treasury bills worth N823.43 billion in the first quarter of 2019. The CBN disclosed this in its 2019 Nigerian Treasury Bills Issue programme for the first quarter of the year which was posted on its website. The apex...

  Poised to ensure its customers are protected and operate their accounts in a safe and secure environment, Zenith Bank Plc has scored yet another first with the introduction of Account Blocking code *966*911#. A statement by the bank at the weekend said customers who suspect their accounts have been...

  The Central Bank of Nigeria (CBN) has announced the deployment of its Consumer Complaint Management System (CCMS) to ease the process of addressing issues. The bank made the disclosure in a circular on its Website on Friday, saying the automated system would help to ease complaint management. It said...

The Central Bank of Nigeria (CBN) on Thursday intervened in the inter-bank sector of the foreign exchange market with a $210 million boost to the wholesale and other segments of the market. Spokesperson of the CBN, Mr. Isaac Okorafor, said in a statement sent that the injection of the foreign...