The economy remained subdued in December as the Purchasing Manager’s Index was below 50.0 index points, according to the Central Bank of Nigeria.
The CBN released in the reports of members of the Monetary Policy Committee member that the PMI, which is an index of the prevailing direction of economic trends in the manufacturing and service sectors was below average at 49.4 index points.
An MPC…
Union Bank of Nigeria has reaffirmed its commitment to a just and equitable society by promoting equity, justice, and the continuous inclusion of women in all fields of human endeavour, particularly in technology.
A statement said this was highlighted at a virtual event…
More and more banks are issuing old notes, and customers are refusing deposit conditions.
March 10, 2023
More Deposit Money Banks have begun to dispense old N1,000 and N500 notes to their customers, about three days after a few banks started doing so.
Polaris Bank and First Bank had started to pay old N1,000 and N500 notes to their customers.
This came about three days after…
What are your thoughts on the performance of BVAS and IReV during the presidential and National Assembly elections?
The BVAS device in that election performed its role. BVAS is just an accreditation device; it was developed to ensure that only accredited voters can vote during an election.
If you examine the election, you will notice we are not discussing incidences of over-voting. Also, the…
The Managing Director/Chief Executive Officer of Wema Bank Plc, Mr Moruf Oseni, has restated the bank’s commitment to promoting gender equality and create opportunities for women to grow and achieve success in their careers.
Oseni saidd this at the bank’s 2023…
The Central Bank of Nigeria has issued operational guidelines for open banking in Nigeria to ensure stability in the nation’s financial system.
The apex bank in a circular referenced, ‘PSM/DIR/PUB/CIR/001/043’, and dated March 7, 2023, said the guidelines would create…
Four outstanding women were honoured in different fields of human endeavour at the LAPO Outstanding Women Leadership Award on Tuesday in Benin.
In the professional category, Proprietor of Anchor International School, Kogi, Helen Mathias, was adjudged the winner; Gladys Okoro won in the business category; Mary Jackson won the farming category; while Elizabeth Ehigiamusoe got the lifetime…
The fresh move by some Deposit Money Banks to re-circulate old N500 and N1,000 notes suffered a setback on Tuesday as motorists, fuel stations, retailers, traders, and other categories of bank customers rejected the old currencies.
The development came about 48 hours after…
Following the Supreme Court judgment, which extended the validity of the Central Bank of Nigeria currency redesign policy to December 31, some banks across the country have started paying out the old N500 and N1,000 notes to customers.
Guaranty Trust Bank, Polaris Bank and…
The First City Monument Bank has expressed its delight in Babban Gona, a Nigeria-based high-impact social enterprise, for winning the Schwab Award for Social Entrepreneurship at the World Economic Forum annual meeting which held in Davos, Switzerland.
Babban Gona is an award-winning and high-impact agri-tech social enterprise that focuses on making farming more financially and environmentally…