November 28, 2024/CBN 1. General Provisions 1.1 These guidelines regulate the operations of interbank FX trading via the Electronic Foreign Exchange System (EFEMS). 1.2 The purpose is to ensure transparent, fair, and efficient FX trading, minimise counterparty risk, and ensure compliance with Central Bank of Nigeria (CBN) regulations. 1.3 The […]
Money Market
Unity Bank to Boost Savings Culture with New App as MD Tasks Students at World Savings Day
November 18, 2024/Unity Bank Plc In a bid to promote a savings culture and enhance financial literacy among young Nigerians, Unity Bank Plc has announced plans to launch a new app for children and teenagers designed to empower users to achieve their financial goals. The announcement was made during the […]
Access Bank UK Announces Acquisition of Majority Stake in Afrasia Bank
November 14, 2024/NGX Access Holdings Plc (“Access Holdings”) today announces that its banking group’s, subsidiary, The Access Bank UK Limited (“the Access UK”) has entered into a binding agreement to acquire a majority equity stake in Afrasia Bank Limited (“Afrasia Bank”), the Republic of Mauritius’ fourth largest bank by total […]
