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Banking
FX market signals naira appreciation, opens at N388.10k
The foreign exchange market is pointing to an appreciation in the value of naira as it opened Monday morning with an indicative rate of N388.10k at the Investors and Exporters (I&E)…
National Diaspora Day: Ecobank offers zero fees on rapidtransfer app
In commemoration of the National Diaspora Day, Ecobank Nigeria has stated that it is offering zero fees for money transfers on its Rapidtransfer App from now till the 31st of October 2020.…
Ecobank sensitises customers on digital banking
Ecobank advises its customers to utilise the bank’s digital banking platforms which include *326#, Ecobankpay, Ecobank Online, Ecobank Mobile, Ecobank Omnilite and the Rapidtransfer App.…
CACOVID: CBN, banks sustaining lives, livelihoods with N32bn
Looking beyond profitability, Nigerian banks in collaboration with the Central Bank of Nigeria (CBN) and the private sector have focused on sustaining livelihoods impacted by the Covid-19…
CBN directs banks to migrate to new standards for electronic messaging by November…
The Central Bank of Nigeria (CBN) on Tuesday directed all financial institutions to migrate to a new standard for exchanging electronic messages known as ISO20022 on or before November 2022.…
COVID-19: Bank of Industry strategizes for hard-hit sectors
The Bank of Industry (BOI) is reviewing its strategic priorities to ensure continuous support for enterprises, especially those hard hit by the COVID-19 pandemic. Specifically, it is…
CBN’s new guideline to enhance loan recovery across banking sector
The Central Bank of Nigeria (CBN) on Monday, issued a guideline on Global Standing Instruction (GSI) to enhance loan recovery across the banking sector. The GSI is expected to serve as a…
The Best Time to Buy Stocks
Modern stock trading can be done through the Internet. Traders buy or sell stocks for profit. Here are a few vital tips to identify the best timing.
FX reserves decline by $22.01m week to date
The pressure on the foreign exchange reserves has persisted leading to $22.01 million decline to $36.13 billion week to date, as forex outflows outpaced inflows. Foreign exchange reserves…
Ecobank Group appoints Alain Nkontchou as chairman
The leading pan-African banking group, Ecobank, has appointed Alain Nkontchou, a Cameroonian and independent non-executive director since 2015, as Board chairman of its holding company,…