Nigeria’s Securities and Exchange Commission (SEC) said over N2.7 trillion has been raised in the capital market by banks and other companies with approximately N1.7 trillion raised by banks in onging recapitalisation exercises. Director-General of SEC, Dr. Emomotimi Agama, disclosed this to reporters during the 2024 SEC Journalists Academy with: “Fintech: Leveraging Technology to Drive…
Commercial banks are insisting on the Central Bank of Nigeria February 10 deadline to deposit old N200, N500 and N1,000 banknotes despite a temporary halt of the process by the Supreme Court.Financial institutions like Stanbic IBTC, Union Bank and other commercial banks said they would stick to the February 10 deadline for accepting old naira…
Union Bank of Nigeria has partnered with Wacot Rice Limited to aid the financial inclusion drive of farmers in Kebbi State. In a statement by the bank on Tuesday, the bank said it had partnered with Wacot Rice Limited, a rice processing company, to financially include 6,000 local farmers. It stated that this included the…
