CBN

CBN

Oct
26
2025
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By Abdulrahman
CBN lists benefits of Nigeria exiting FATF Grey List

CBN lists benefits of Nigeria exiting FATF Grey List

Breaking, Economy, Nigeria, , ,
The Nigeria Governors’ Forum (NGF) has expressed delight over the removal of Nigeria from the grey list of the Financial Action Task Force (FATF). NGF’s spokesman, Yunusa Abdullahi, in a statement on Saturday, quoted the forum’s Chairman and Kwara State Governor, AbdulRahman AbdulRazaq as attributing the feat to the efforts of President Bola Tinubu, the 36 state governors and relevant institutions. He quoted the NGF Chairman as saying: “We are very pleased with this outcome and proud to see Nigeria formally welcomed back into the global transparency community. “Nigeria has handled this difficult situation with enormous grace and integrity and…
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Aug
26
2024
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By Ahmed Ture
Naira Plunges by N72.58 Against Dollar as Foreign Exchange Turnover Reaches $7.4 Billion in July

Naira Plunges by N72.58 Against Dollar as Foreign Exchange Turnover Reaches $7.4 Billion in July

Breaking, Economy, Nigeria,
The Nigerian Naira suffered a significant decline, losing N72.58 against the US dollar in July 2024, according to the FMDQ financial market report. The foreign exchange turnover skyrocketed to $7.39 billion, representing a 10.02% increase from the previous month. In Naira terms, the FX turnover stood at N11.48 trillion, surpassing the N10.01 trillion traded in June. The Naira's depreciation led to an exchange rate volatility increase, with the local currency trading between N1,500.32 and N1,621.12 per dollar, compared to the previous month's range of N1,473.66 to N1,510.10 per dollar. Despite the Central Bank of Nigeria's efforts, the Naira's value against…
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Jul
27
2023
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By Ahmed Ture
Wema Bank Plc Launches Phygital, Its New in-branch Self-Service Offering.

Wema Bank Plc Launches Phygital, Its New in-branch Self-Service Offering.

Breaking, Economy, Technology, , , ,
Wema Bank Plc, the leading financial institution in innovation and technology, has launched Phygital Branch, a self-service platform that combines the best aspects of traditional and digital banking, in all its branches nationwide. YouTube video: https://youtu.be/EGIMo97rddM “Phygital is the result of Wema Bank’s recognition that a segment of our customers still enjoys the physical experience of traditional banking but without potential hassles such as queues that can diminish the experience.”, announced Mabel Adeteye, Wema Bank’s Head of Brand and Marketing Communications at the launch of the initiative. “Phygital tablets grants our customers the seamless in-branch experience they desire by reducing…
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Jul
15
2023
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By Ahmed Ture
Your Naira Card Is Now Your Global Passport, according to WEMA Bank!

Your Naira Card Is Now Your Global Passport, according to WEMA Bank!

Breaking, Economy, Technology, , ,
Hello Customer, It's time to make purchases abroad and take advantage of frictionless transactions.Your Naira cards, which include Visa, Mastercard, and ALAT Mastercard, can now be used for purchases abroad. You can receive up to $500 per month on your foreign transactions. Here’s what you need to know: Expanded Possibilities: The Naira card gives you the freedom to shop at your favorite foreign retailers, browse foreign internet sites, and make overseas transactions. I tell you what. Now, the entire world is at your fingertips! Monthly Limit: A $500 monthly spending cap is imposed on overseas transactions to give you greater…
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