Naira crashed to as low as N910/$, yesterday, at the parallel market as the market switched to a panic mood. With the local currency breaking the N900/$ psychological ceilings, there
The naira plunged to a record low of N900/$1 on the parallel market on Tuesday, August 8, 2023, as demand for foreign currency outstripped supply. Nairametrics reached out to forex
President Bola Tinubu has said a comprehensive forensic audit of the Central Bank is underway, while a thorough overhaul of the Civil Service payroll is imminent. According to a statement
Wema Bank reported its 2023 second-quarter results showing pre-tax profits grew by 109.57% year on year, reaching N5.87 billion. This took half-year pre-tax profits to N12.059 billion versus N6.103 billion
To cushion the effect of harsh economic realities occasioned by the removal of fuel subsidy, Wema Bank has announced an increase in salaries for its employees. According to the bank,
The Federal Government, through the Federal Competition and Consumer Protection Commission, has issued a cease-and-desist order to Point of Sale operators from conduct that constitutes an infringement of the law.
The National Public Relations Officer, Association of Mobile Money and Bank Agents in Nigeria, Oluwasegun Elegbede, has said its members have no intention to revert to old prices charged for
A Nigerian man identified as Ustaz has taken to social media to provide insight on the deceitful practices of several Nigerian banks concerning the inheritance of cash from deceased bank
The Central Bank of Nigeria (CBN) has released a new list of Bureau de Change (BDC) dealers, with the number of approved operators reduced to 2,991. It was gathered that
The Central Bank of Nigeria has revised the tenure of executive directors (ED). Deputy managing directors (DMD), and managing directors (MDs) of Banks and Bank Holding companies. According to the
