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Access Bank Names Adeolu Bajomo Executive Director, I.T and Operations

January 5, 2018/NSE Access Bank Plc. has announced the appointment of Mr. Adeolu Bajomo as Executive Director, Information Technology and Operations  His appointment which has received regulatory approval follows the… Read more »

China’s yuan weakens after strong official fixing

2/1/2018/Reuters China’s yuan eased against the U.S. dollar on Wednesday after the central bank set the daily midpoint at its strongest level in 20 months, prompting a rush of dollar… Read more »

CBN Rewards FirstBank’s Fight Against Electronic Fraud

January 2, 2017/FirstBank It was another night of reward, with FirstBank showcasing the strength of its brand by winning  two of the three awards up for grab in the keenly… Read more »

‘Naira trading at 500 to dollar was scary’

January 2, 2017/Punch Anna Okon The Managing Director, Lacasera Company, Mr. Roland Ebelt, said that at the deepest point of the naira depreciation when the currency traded at 500 to… Read more »

A Recovery in Inward Remittances

Culled—Proshare December 29, 2017/FBNQuest Research  The CBN’s balance-of-payments data for Q3 2017 show a continuation of the upward trend in workers’ remittances/transfers since the fx reforms earlier this year. We… Read more »

ICD, Afreximbank sign First-ever Line of Financing agreement

December 26, 2017/ICD The Islamic Corporation for the Development of the Private sector (ICD) ( and the African Export-Import Bank (Afreximbank) ( signed a Line of financing agreement for a… Read more »

Weekly Fixed Income and Currency Market Update

December 23, 2017/InvestmentOne Research Please click to download our Weekly Fixed Income and Currency Update. Macro Indicators Inflation as at November 2017 15.90% MPR 14.00% Overnight rate 6.33% GDP growth… Read more »

CBN Suspends Extension of Settlement Banking Arrangement to All the Clearing Sessions

December 22, 2017/CBN You will recall that a directive was issued on the extension of settlement banking arrangement that is being practiced for cheque clearing sessions 1 and 2 to… Read more »

BoE’s Carney sees problems with central-bank issued cryptocurrencies

20/12/2017/Reuters Andy Bruce Bank of England Governor Mark Carney sees “fundamental problems” with the idea of a digital currency issued by a central bank that could be used by the… Read more »

FBNHoldings Renames its Merchant Banking and Asset Management Businesses

Reaffirms commitment to­­ delivering unique solutions that redefine tomorrow December 19, 2017/FBNQuest Merchant Bank Ltd        In line with the objectives to deliver a consistent customer experience and drive increased stakeholder… Read more »