By Seun Ibiyemi Zenith Bank Plc has announced plans to open a new branch in Manchester, United Kingdom, as part of efforts to strengthen trade and financial connections between Africa and global markets. In a statement on Monday, the bank said the branch, scheduled for inauguration on Tuesday, will support businesses engaged in international trade…
..As reforms raise capital inflows by 200% By Seun Ibiyemi The Central Bank of Nigeria Governor, Olayemi Cardoso has said reforms in Nigeria’s foreign exchange (FX) market have significantly improved liquidity, restored investor confidence, and stabilised the Naira. Cardoso made the remarks on Thursday in Lagos while delivering a distinguished Alumni Lecture at St. Gregory’s…
By Seun Ibiyemi The Nigerian naira recorded a modest gain against the United States dollar at the official foreign exchange market on Thursday, reflecting improved liquidity and renewed intervention by monetary authorities. Data from the Nigerian Foreign Exchange Market (NFEM) showed that the naira closed at about ₦1,373.5 per dollar, strengthening slightly from the previous…
By Seun Ibiyemi The Nigerian naira appreciated further at the official foreign exchange market on Wednesday, closing at N1,376.19 to the United States dollar, according to data released by the Central Bank of Nigeria (CBN). Figures published on the CBN’s website showed that the local currency gained N25.20 against the dollar at the Nigerian Autonomous…
By Seun Ibiyemi President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), subject to confirmation by the Senate. The appointment, announced on Wednesday, was made in line with Section 8(1) of the Central Bank of Nigeria Act, 2007. Yuguda’s nomination follows the…
By Seun Ibiyemi Fidelity Bank Plc has launched its “Give Her Power” initiative, a comprehensive programme aimed at boosting women’s economic empowerment in Nigeria. The launch included the signing of Memoranda of Understanding (MoUs) with partner organisations, cementing collaborations to support skill development, mentorship, and entrepreneurship. The initiative, unveiled during activities commemorating the 2026 International…
By Seun Ibiyemi Amid rising financial crime concerns, the Central Bank of Nigeria has introduced new technology-driven regulations requiring banks and other financial institutions to deploy automated anti-money laundering (AML) systems to strengthen the detection of suspicious financial transactions across the country. The directive was contained in a circular issued on March 10, 2026, to…
By Seun Ibiyemi The Nigerian currency, the Nigerian Naira, recorded a mixed performance on Tuesday as it strengthened slightly in the official market while remaining under pressure in the parallel market amid sustained demand for foreign exchange. Data from the Nigerian Foreign Exchange Market showed that the naira opened trading at about ₦1,398.24 per dollar…
By Seun Ibiyemi United Bank for Africa Plc is set to host a special edition of its quarterly UBA Business Series dedicated to celebrating and empowering the modern woman under the theme “Gen W – The Evolved Woman.” Scheduled for Wednesday, March 12, 2026, at UBA House in Lagos, the event will bring together accomplished…
By Seun Ibiyemi The Group Chief Executive Officer of Guaranty Trust Holding Company (GTCO), Segun Agbaje, has been named the winner of the 2025 Banking Pioneer Award at the Texcellence Conference Awards. The recognition was announced by organisers of the awards, hosted by CWG Plc, which has evolved into a major gathering of Africa’s technology…
