For business and economic news from around the world
WorldStage Newsonline– The Central Bank of Nigeria (CBN) has announced a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs) and Non-Bank Financial Institutions.
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WorldStage Newsonline– The ‘W’ Initiative, a flagship women empowerment programme from Access Bank plc, has advised women to take advantage of the Bancassurance cover and be protected in the event of unforeseen eventualities.
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WorldStage Newsonline– The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has pledged the Bank’s support for the manufacturing sector in Nigeria and pushed for a reduction in the prices of building materials in the country in order to making housing more affordable.
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Asian Development Bank (ADB) says it is exploring ways to link central banks and securities depositories in Asia and the Pacific using blockchain technology.
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WorldStage Newsonline– FCMB Group Plc, Nigeria’s leading financial group has released its unaudited annual financial statements year ended 31 December 2021 with 6.54% growth in profit for the year to N20.894 billion from N19.610 billion in 2020.
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WorldStage Newsonline– The board of directors of Wema Bank Plc has announced the appointments of Dr (Mrs) Oluwayemisi Olorunshola and Mrs Bolarin Okunowo as Independent Non Executive Directors of the bank.
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WorldStage Newsonline– NPF Microfinance Bank Plc which is into provision of banking and other permissible financial services to poor and low income households and micro enterprises with emphasis on members of the Nigerian Police Community has released its statement of account for the year ended December 31, 2021 with 52.3% growth in profit to N935.787 million from N614.417 million in 2020.
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Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch has simultaneously upgraded the bank’s National Short-Term Rating to ‘F2(nga)’ from ‘F3(nga)’.
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First Bank Nigeria Ltd. in collaboration with Rotary Club of Lagos have donated four blocks of renovated classrooms, library and borehole to Lafiaji Senior High School, Lagos, to enhance learning and sanitation.
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WorldStage Newsonline– Nigerians are gradually adopting the eNaira, launched three months back, according to Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN).
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