Money market

Naira Redesign: FCT residents allege banks officials hoarding, selling new naira notes

Many FCT residents have continued to face difficulty in accessing the newly redesigned Naira notes, attributing the challenge to bank…

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UBA GMD/CEO, Oliver Alawubaconferred with Doctorate Degree by Imo State University

For his immense contributions to the growth of banking and finance in Nigeria and across Africa, the  Group Managing Director/Chief Executive Officer,…

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UBA appoints first female CEO, announces six other executive appointments

By Grace Kehinde The Board of Directors of the United Bank for Africa Plc, has announced the appointment of Mrs. Abiola Bawuah, as Chief Executive Officer…

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Currency swap: CBN extends deadline says N2.7trn kept permanently in people’s homes before redesign

By: Salako Tijani, Akeem Adeyemi, Jabiru Hassan, Kano. Central Bank of Nigeria (CBN) has extended the deadline for the deposition of the old naira note of N200,…

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Naira-redesign: Kano Banks complying with CBN directive-Investigations.

By Jabiru Hassan, Kano.Banks in Kano state Complying with the directive given by the Central Bank of Nigeria (CBN) to dispense new…

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Banks lending rate to customers rises to 29.13%

The Central Bank of Nigeria has reported that as of December 20, 2022, the maximum lending rate in the banking…

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