Archives for MONEY MARKET
Zenith Bank Appoints Mustafa Bello As Chairman
BY NGOZI ONYEAKUSI Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as the Chairman of its Board of Directors. The appointment, which takes immediate effect, has been…
Banks Deposit with CBN Dips to N92.32trn on MPR Cut
BY NGOZI ONYEAKUSI CBN Governor, Olayemi Cardoso Banks and merchant banks’ deposits with the Central Bank of Nigeria (CBN), has dropped by per cent to trillion in April 2026 as…
CBN issues new directives on bank charges
CBN Governor, Olayemi Cardoso The Central Bank of Nigeria has scrapped card maintenance fees, directing banks not to charge any maintenance fee on naira-denominated debit or credit cards, while virtual…
Fidelity Bank Extends “Give Her Power” Initiative to Ikorodu
BY NGOZI ONYEAKUSI Leading financial institution, Fidelity Bank Plc, has extended its flagship women empowerment programme, “Give Her Power”, to Ikorodu, Lagos State, empowering over 30 women with vocational tools…
Zenith Bank Targets Francophone Growth With New Cote D’Ivoire Subsidiary
BY NGOZI ONYEAKUSI Zenith Bank Plc has announced the opening of its Côte d’Ivoire subsidiary, marking a pivotal achievement in the Group’s Pan-African expansion strategy. The official opening ceremony, scheduled…
Fidelity Bank Strengthens SME Support with High Impact Masterclasses on Pricing, Digital Growth
BY NGOZI ONYEAKUSI In line with its commitment to accelerating the growth of Small and Medium Enterprises (SMEs) across Nigeria, leading financial institution, Fidelity Bank Plc, has rolled out a…
Sterling Bank, One Foundation, Sunbeth, Partners Strengthen Climate Action With Nationwide Cleanup, Beach Adoption
BY NGOZI ONYEAKUSI In a bold move to strengthen environmental protection across Nigeria, Sterling Bank, in collaboration with Sterling One Foundation, Lagos Waste Management Authority, Sunbeth, community volunteers, and partner…
Moniepoint’s Track Record, Unique Service Model Redefining Nigeria’s Agency Banking
BY NGOZI ONYEAKUSI - Senior Vice President, Distribution Network Sales Moniepoint Microfinance Bank (Moniepoint MFB) has reaffirmed its leadership in Nigeria’s agency banking space, positioning its track record and distinctive…
IMF endorses CBN recapitalisation as buffers strengthen banks
The International Monetary Fund has recognised the strategic importance of Nigeria’s recently concluded bank recapitalisation exercise, stating that the programme is already yielding positive results. The Fund noted that the…
Reforms saved Nigeria from severe hardship after global shocks – CBN
CBN Governor, Olayemi Cardoso The reforms implemented by the Central Bank of Nigeria have helped cushion the impact of global economic shocks on Nigerians, preventing more severe hardship despite ongoing…
