Money
SDF: CBN makes changes to Access, UBA, GTB, Zenith, other banks deposit account
The Central Bank of Nigeria (CBN) has made adjustments to the Standing Deposit Facility (SDF) and has asked all commercial banks to comply with the new rate.
CBN releases phone numbers, emails to report cash withdrawal issues from bank’s ATM, branches
The Central Bank of Nigeria has issued a directive to bank customers to make reports should there be a challenge in cash withdrawals at ATM and bank branches.
Fitch predicts Nigerian naira to sink to record low in four years
According to a report by BMI, a subsidiary of Fitch Solutions, the naira’s value is predicted to continue falling, dropping to N1,993 per US dollar by 2028.
Hackers gain access to Central Bank of Uganda, steal $17 million
Uganda's finance ministry denied allegations that hackers took up to $17m but confirmed reports that hackers gained access to the central bank's networks.
UBA set to begin full banking operations in France, Elumelu shares vision, plans
United Bank for Africa (UBA) has signed an agreement to begin full banking operations in France, marking a significant milestone in its expansion plans.
GTbank sends message to customers on service disruption, apologies
Guaranty Trust Bank has apologised to its customers for experiencing service disruption following its transition to the new finacle Suite system.
Rewane advises CBN to stabilise Naira, tame money growth
Bismarck Rewane has sent a message to the Central Bank of Nigeria on the steps to stabilise the naira, control the money supply, and address forex shortages.
Finally, Access Bank confirms acquisitions of two subsidiaries in two countries, targets more
Access Bank subsidiary has announced the acquisition of Standard Chartered subsidiaries in Angola and Sierra Leone, with plans underway for further acquisitions.
Report gives new naira prediction for 2024 as currency becomes worse-performing
Despite the CBN's intervention to maintain the currency, the naira is predicted to continue its volatility and conclude the year at N1,621.7 to the US dollar.
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