SEC approves NGX Technology Board Listing Rules
Nigerian Exchange Limited (NGX) is pleased to announce that the Securities and Exchange Commission (SEC) approved the Rules for Listing on NGX Technology Board on 15 December 2022. The NGX Technology Board is a specialised platform for technology-based companies to…
Digital banking surest way to sustainable financial inclusion –W’Bank Boss
The Managing Director/Chief Executive Officer of Wema Bank Plc, Ademola Adebise, has averred that all efforts should be channeled to deepening use of latest technologies and digital banking applications so as grow financial inclusion in the country. In a statement…
NGX charges inducted brokers to uphold ethics, continuous learning
The Nigerian Exchange Limited (NGX) has encouraged its newly inducted brokers to continue to uphold the high standard of ethics in the capital market and embrace a culture of continuous learning to keep up with the fast pace of developments…
Banks reconfigure ATMs, new naira enters circulation today
The newly redesigned naira notes will go into circulation on Thursday (today) with Deposit Money Banks releasing the bills to their customers via over-the-counter payments. This came about three weeks after the President, Major General Muhammadu Buhari (retd), unveiled the…
Ecobank Group earns $59.1bn via digital channels in 9 months
Leading pan-African banking giant, Ecobank Group said it recorded transactions valued at $59.1 billion across its digital channels in the first 9 months of 2022. The company disclosed this in its audited financial report for the 9-month ended September 2022….
Polaris Bank boss, Sonola harps on retraining of Banks’ IT Experts
Amidst claims and counter claims of sale of the financial institution by the apex bank of Nigeria, the Managing Director/Chief Executive Officer, Polaris Bank Limited, Mr Adekunle Sonola, has said audit professionals must begin to build and acquire IT and…
Businesses double their 2022 Opex on payment fraud prevention
For the second year in a row, merchants reported rises across the board in numerous key measures that assess the extent to which fraud affects eCommerce. From higher income lost to fraud to more eCommerce orders being rejected as fraudulent…
NGX hails CSCS on 25th anniversary, urges increased synergy
To further drive growth and development in the Nigerian capital market, Nigerian Exchange Limited (NGX or The Exchange) has urged the Central Securities and Clearing System Plc (CSCS) to further collaborate on synergistic initiatives just as it congratulated the firm…
(Analysis) CBN’s Withdrawal Limit Aims at Strengthening Cashless Policy
Time has come to truly educate many Nigerians on the critical importance of understanding the key issues in the new withdrawal limits before taking to criticism. It is about cash withdrawals. You can transfer billions if you like. You can…
Yang Lan Gives Insights on 2023 Banking, Fintech Outlooks
Leading financial analyst, Yang Lan is a co-founder of neobank Fiat24. In his recent end of the year review of future financial happenstances, he noted that “We’re so close to the end of 2022 and the collapse of FTX has…
