The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs), informing them of the sale of $10,000 to each BDC at a rate of N1,101/$1. In a circular seen by Naira metrics, each BDC…
NGX Group, Others Acquire 75% Stake in Ethiopian Securities Exchange
Nigerian Exchange Group Plc (NGX Group), and other investors have acquired a 75 per cent stake in the Ethiopian Securities Exchange (ESX). NGX Group is among the top institutional investors that have injected capital into the operationalisation of the bourse alongside…
FULL LIST: NERC unveils Lagos areas enjoying 20-24 hours power supply.
The Nigerian Electricity Regulatory Commission, on Wednesday, approved an increase in electricity tariff for customers under the Band A classification. The Vice Chairman, NERC, Musliu Oseni, said the increase will see the customers paying N225 kilowatt per hour (KW/h) from the…
Bank customers in last-minute rush as NIN-BVN linkage deadline expires March 1
NEWS Bank customers in last-minute rush as NIN-BVN linkage deadline expires March 1 Banks are currently experiencing a surge of customers as the March 1 deadline for the linkage of Nigeria National Identification Numbers (NIN) to Bank Verification Numbers (BVN)…
Flags lowered in Access bank branches, as staff mourn Wigwe, family members’ death
The working environment around Access bank branches in Abia State was, on Monday, solemn, following the death of the Bank’s Group Chief Executive Officer, Habert Wigwe. The bank staff were seen in groups mourning and discussing the tragic incident that…
Access Bank Makes Changes, Releases Lists of Approved Charges on Customers’ Savings, Current Account
Access Bank, one of Nigeria’s leading financial institutions, has released a breakdown of approved savings and account services charges. The breakdown was captured in a service charge and rate cards document approved by the Central Bank of Nigeria. The document…
CBN, NDIC to set up bridge bank for struggling financial institutions
The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) have been empowered to set up a Banking Sector Resolution Fund to ensure the safety of depositors’ funds and operate as a bridge bank to strengthen struggling…
How Fintechs Are Transforming Personal Finance
Today there are several types of fintechs to improve personal finances; however, not all are available in the Mexican market. Despite this, there are some efforts by companies to incorporate elements that improve financial management. In Mexico, “the lack of…
How to avoid debt despite economic challenges
With the current economic climate, running into debt seems unavoidable for many individuals and organizations. Individuals, as well as businesses, are faced with daunting economic challenges which the pandemic has triggered. It is important to note that staying out of…
The top 3 essentials for financial success in the 21st century
The most difficult thing to find is someone who does not want to achieve financial success. Financial success is the desire for most people and yet it is the most elusive thing to achieve for many. But regardless of where…