Money Market

CBN Announces Sale of FX to BDCs to Meet Market Demand

July 18, 2024/CBN “Following the ongoing reforms in the Foreign Exchange Market. With the objective of achieving an appropriate market-determined exchange rate for the Naira, the Central Bank of Nigeria (CBN) has observed the continued distortions in the retail end of the market, which is feeding into the parallel market […]

Unity Bank Customers Win Over N4 Million in Cashtoken Rewards Promo

July 18, 2024/Unity Bank Plc Unity Bank customers have claimed over N4 million in cash rewards in its ongoing loyalty programme recently rolled out with Cashtoken, a Cash Reward-as-a-Service company. The winners included no fewer than 40 customers who adopted and transacted on the Bank’s digital banking platforms, including the […]

Access Bank Raises N442Bn Capital through Syndicated Facility

July 16, 2024/Access Bank Plc In a significant stride towards fostering economic growth, Access Bank Plc, sub-Saharan Africa’s largest bank by customer base, has celebrated a land mark moment in its partnership with the Dutch Entrepreneurial Development Bank (FMO). The occasion marked the signing of a monumental syndicate Tier II […]