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Naira Weakens To Five-month Low

Naira Weakens To Five-month Low

The Central Bank of Nigeria (CBN) allowed the naira to weaken by the most in almost five months, days before Bola Tinubu takes over as President of Africa’s biggest economy, Bloomberg said in a report…

IIF: Global Debt Hit $304.9trn In Q1’23

IIF: Global Debt Hit $304.9trn In Q1’23

The Institute of International Finance (IIF), a financial services trade group, said on Wednesday global debt rose by $8.3 trillion in the first three months of this year compared to the end of 2022 to…

Polaris Bank Introduces New Product For Wealthy Customers

Polaris Bank Introduces New Product For Wealthy Customers

Polaris Select Plus Account is offering its current and prospective customers a range of exclusive lifestyle and banking benefits, especially for those who value comfort and luxury, according to a press release. The statement said…

‘Naira At Growing Risk Of Devaluation In Coming Weeks’

‘Naira At Growing Risk Of Devaluation In Coming Weeks’

The naira will likely be devalued by about 15 per cent after President-elect, Bola Tinubu, is sworn in on May 29 to alleviate severe trade imbalances and dollar shortages, Bloomberg yesterday reported an analyst at…

World Bank Launches Transparent  Business Climate Rankings

World Bank Launches Transparent Business Climate Rankings

The World Bank yesterday unveiled new methodology and improved safeguards for assessing the business climate in up to 180 countries after revelations of data irregularities and favoritism toward China forced it to cancel its flagship…

Wema Bank Posts N39.35bn Gross  Earnings In Q1’23

Wema Bank Posts N39.35bn Gross Earnings In Q1’23

Wema Bank Plc has announced its unaudited finan – cials for the first quarter ending 31st March 2023, posting growth of 35. 04 per cent in gross earnings, which rose from N29.14 billion in Q1’22…

Access Pensions Creates Desk To Boost  RSA Mortgage Financing

Access Pensions Creates Desk To Boost RSA Mortgage Financing

Access Pensions has introduced a dedicated desk aimed at encouraging its customers to utilise 25 per cent of their Contributory Pension Scheme (CPS) for equity contribution towards residential mortgages. According to the PFA, with the…

NDIC Lauds Judiciary, Solicitors On Prosecution  Of Failed Bank Cases

NDIC Lauds Judiciary, Solicitors On Prosecution Of Failed Bank Cases

The Managing Director/Chief Ex – ecutive Officer, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has commended the Judiciary and Nigerian Bar for collaborating with the Corporation in the diligent and timely prosecution of failed…

Wema Bank Marks 78th Anniversary

Wema Bank Marks 78th Anniversary

Wema Bank is set to commemorate its 78th and 6th anniversary with a bang, according to a press release. The statement said that the week-long celebration, which commences on May 1, 2023, promises an array…

Stanbic IBTC’s Report Highlights Promising Growth In Africa Trade

Stanbic IBTC’s Report Highlights Promising Growth In Africa Trade

Stanbic IBTC Holdings, a member of Standard Bank Group, has shared some of its latest findings from the Africa Trade Barometer report 2022 released recently. The report, which assesses key economic indicators in Africa highlights…