Banking & Finance

Central Bank of Nigeria resumes sale of foreign exchange

Nigeria banks 7 MayThe Central Bank of Nigeria (CBN) has commenced the sale of foreign exchange totalling more than US$100mn through the commercial for school fees payments and for small and medium size companies wishing SMEs to make essential imports to revamp economic activities

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MEA banks are strongest believers in a cashless society, says Temenos survey

trmenos 7 MayBuilding a mobile-first greenfield bank is ranked as the top innovation strategy by 37 per cent of MEA banking executives, according to a global retail banking survey released by Temenos, the banking software company

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Central Bank of Nigeria stops retrenchment in Nigerian banks

cbn bolaThe Nigerian Central and the Bankers Committee has instructed that no members of staffs of banks (either full or part time) should be retrenched in spite of the COVID-19 negative effect on banking operating cost

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Nigeria eases lockdown, asks deposit banks to resume on 4 May

Nigeria bank 4 MayNigerian Banks were given the green light to open from 4 May as the lockdown in Lagos and Ogun States and Abuja, imposed on 30 March to reduce the spread of COVID-19, is gradually eased

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Cloud-computing to reduce banking costs in Africa

Cloud computing ATR and CAFMore than 700mn Africans lack access to a bank or mobile money account and only 41 per cent of Africans are financially included, according to the report Cloud Banking in Africa: The Regulatory Opportunity by Genesis Analytics and Orange Business Services

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