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Finance
51 posts
Bank Customers Association Head Discusses Providus and Unity Bank Merger
Dr. Uju Ogunbunka of the Bank Customers’ Association of Nigeria explains how the merger of Providus and Unity Banks protects depositors and sustains confidence in the local financial sector.
Naira Slips Further Against Dollar as New Week Begins on June 29, 2026
The Nigerian Naira experienced further decline in the official market on June 29, 2026, while remaining stable within the parallel market.
Access Bank Launches Vehicle Financing Scheme with 10% Down Payment Option
Access Bank has unveiled a new financing initiative that allows Nigerians to purchase vehicles with a 10 percent deposit and up to 90 percent bank funding.
Naira Exchange Rates: June 29, 2026 Update
On June 29, 2026, the Nigerian naira traded at ₦1,379.22 per dollar officially, while parallel market rates fluctuated between ₦1,400 and ₦1,405.
Investors shed N2.4 trillion as Nigerian stock market experiences continued profit-taking
The Nigerian stock market recorded a second consecutive week of losses as investors withdrew N2.4 trillion following profit-taking activities across major sectors.
Hidden Banking Fees and the Erosion of Digital Payment Trust in Nigeria
Unexplained bank deductions are causing widespread consumer frustration in Nigeria, raising concerns that a lack of transparency in digital payment fees may be damaging public trust in the formal banking sector.
FCMB Launches Enhanced Mobile App Featuring Loyalty Rewards and Digital Upgrades
FCMB has updated its mobile banking app with a reward points system, lifestyle subscriptions, in-app investment tools, and instant virtual card services to enhance customer convenience.
Nigerian stock market value dips by N958bn
Investors faced a N958 billion decline in market capitalisation as the Nigerian stock exchange experienced a downturn on Thursday.
UBA CEO Urges Banking Industry to Strengthen AI Oversight
United Bank for Africa CEO Oliver Alawuba and ACAEBIN leaders advocate for enhanced AI governance and cybersecurity measures to protect the banking sector's future.
SEC Reinstates BGL Group Units for Capital Market Participation
The SEC has authorized three BGL Group entities—BGL Securities Limited, BGL Capital Limited, and BGL Asset Management Limited—to return to operations within the Nigerian capital market.