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 Access Bank Unveils Season Of Rewards To Excite Customers To boost the excitement and spirit of the holiday season, Access Bank has revealed prizes and product discounts. Customers who participate in the campaign until the end of December 2023 will be rewarded with cash prizes up to N1 million, shopping vouchers, significant discounts, and exciting gifts.rvice offerings. "The season of giving is here, and it provides us with another opportunity to demonstrate our love and appreciation for our customers for their loyalty and support to the bank," said Njideka Esomeju, Group Head of Consumer Banking, during the campaign's debut. She explained that, “we are using this opportunity to thank our customers for their commitment to Access Bank. We value our customers and non-customers who rely on our services and products to conduct seamless banking activities, and we wish everyone the best of the season.” According to Esomeju, “in this month of December, our customers will enjoy

  See What Happened To Naira Today In the latest forex update, the Nigerian naira experienced a 1.5% depreciation, closing at N854.61 against the US dollar, as reported by data from the official NAFEM trading platform. This marks a 1.15% increase in the local currency compared to its Tuesday closing rate of N844.85. Throughout the trading day, the naira witnessed an intraday high of N1240/$1 and a low of N700/$1, indicating a significant spread of N540/$1. The forex turnover at the close of trading amounted to $181.30 million, revealing a 21.45% decrease from the previous day's figures. While the official market showed a decline, the parallel forex market portrayed a contrasting scenario. The unofficial exchange rate saw a 0.24% appreciation, reaching N1238/$1. Peer-to-peer traders quoted approximately N1187.30/$1. Bismarck Rewane, the Managing Director/CEO of Financial Derivatives Company Limited, highlighted concerns over lingering forex supply issues, predicting continued volati

 Asia's central banks diversify and buy gold in the "new normal" as they reduce their reliance on the US dollar. Due to predictions that the US Federal Reserve would decrease interest rates next year following a period of hikes, gold prices are getting close to all-time highs.  Following the US seizure of Russia's foreign exchange reserves last year, central banks have been buying heavily due to concerns that their assets may be exposed.  Asian consumers have long been captivated by the allure of gold, and now, as the region becomes less dependent on the US dollar due to de-dollarization, its central banks are also buying up the metal.  Central banks have been purchasing heavily due to concerns that their assets may be susceptible after the US seized Russia's US$650 billion foreign exchange reserves in February of last year, according to a Sprott Asset Management study released this month.  It indicated a "strong desire to diversify away from the US dollar an

F IRSTBANK REWARDS CUSTOMERS WITH 170,000,000 WORTH OF CASH PRIZES IN ITS WIN BIG PROMO FirstBank, Nigerias premier financial institution and leading financial inclusion services provider, has launched the Win Big promo to reward and delight its valued customers. The four-month promo, which started on 23 October 2023 and will run till 23 February 2023 will reward several new and existing customers of the Bank with a total cash reward of 170,000,000.00 naira. At the end of the four-month promo, 1,240 new and existing customers would have been rewarded with N100,000.00 each as each month will have 310 new and existing customers winning N100,000. Up to 40,000 customers who reactivate their dormant account stand a chance to win free airtime as 10,000 customers will be rewarded with free airtime monthly for reactivating their dormant account. 6 customers will emerge lucky winners of N1,000,000 each in the grand finale draw. The promo is open to new and existing savings and current account c

 Winners Emerge In Sterling’s ASA 2023 Agro Pitch Winners Emerge In Sterling’s ASA 2023 AgroFive winners emerged in the grand finale of the 2023 edition of Sterling’s Agriculture Summit Africa. L-R: Group Head, Agric Finance and Solid Minerals, Sterling Bank Plc, Dr. Olushola Obikanye; Executive Director, Technical Services, Leadway Assurance, Adetola Adegbayi; Winner of ASA 2023 AgroPitch, Green Republic Farms Limited, Baliqees Salaudeen and Commissioner of Agric and Natural Resources, Plateau state, Samson Bugama, at the Agriculture Summit Africa 2023, in Lagos recently. This year’s edition, which featured a pitch competition called AgroPitch, saw Green Republic Farms Limited crowned the top agroprenuer, walking away with five million naira in grants and an agribusiness entrepreneurship training program from the Lagos Business School.  This year’s summit was sponsored by Sterling Bank, Leadway Assurance, Thrive Agric and Noor Takaful, Green Republic Farms Limited, a youth and women-l

 Naira appreciates to N791/$1 in official market The Nigerian naira appreciated against the United States American dollar, closing at N791.75/$1 at the official market. According to data from the FMDQ Securities Exchange, the naira rose by 5.87 per cent or N49.39 compared to the previous day’s rate of N841.14/$ at the Nigerian Autonomous Foreign Exchange Market. The naira’s gain was, however, expected due to the recent move of the Central Bank of Nigeria to clear some of its FX backlog. Investors’ highest bid for the dollar was N1120/$1, while the intraday low was N701/$1, representing a wide spread of N419/$1.  Forex turnover at the close of the trading was $157.78m. Meanwhile, the CBN last week said it had begun clearance of the backlog of foreign exchange forward contracts. The move, experts say is expected to bring relief to the naira, the business community, and the economy at large. The country has faced persistent dollar shortages since foreign investors exited local assets. Sin

 Africa’s Finest: 6th Edition of the GTCO Fashion Weekend holds November 11th and 12th The Fashion Industry is in for another exciting experience as the GTCO Fashion Weekend returns for its 6th edition in November. The highly anticipated event is scheduled to hold on November 11th and 12th, 2023, at the GTCentre, Plot 1 Water Corporation Drive, Oniru, Lagos. The GTCO Fashion Weekend is an annual consumer-focused fair designed to showcase the best of Africa’s Finest fashion to a global audience. Over the years, the event has firmly established its place as an incubator for diverse talent, creativity, and enterprise in fashion retail, bringing together some of Atricas prominent fashion brands alongside relatively newer labels to interact with universally celebrated fashion icons and engaging style personalities. In keeping with tradition, this year’s event will feature insightful masterclasses and thrilling runaway shows together with free stalls for over 140 fashion retailers. Colourful

 Unity Bank Records N38.2 Billion Gross Earnings in Q3’23 Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5% to N344.4 billion within the period, indicating business growth and customer confidence in the Bank.  A review of the lender’s unaudited nine-month results released to the Nigerian Exchange Group Limited showed that the Bank continued to maintain its expansionary and customer-centric model with total loans and advances rising to N222.8 billion, even as interest and similar income stood at N33 billion, which underscores the Bank’s strategic focus to reinvigorate and sustain asset creation that will deliver returns to shareholders. Other key highlights of the 9-month financials include the total assets which stood at N423.4 billion; net fee and income commission, N4.4 billion within the period. However, the recent FX regulation impacted the Bank’s bottom line, which can be reversed

 PalmPay to Reward Users with N300 Million in Giveaway Promotion Following the celebration of its 4 th  Anniversary in Nigeria, leading fintech platform, PalmPay, has unveiled its ₦300 million Giveaway campaign which gives Nigerians using the payment platform an opportunity to win cash rewards.   The promotion, which starts on 1 November and ends on 21 November 2023, is grouped in three phases.   For the first phase, PalmPay users can win cool prizes by simply opening the app daily and clicking on as many falling diamonds as possible to get cash rewards, coupons and diamonds. With the diamonds, you will have a chance to share the weekly cash prize.   In the second phase, users can get chances by participating in the giveaway tasks on the app which revolves around transactions like airtime, data, transfers and so on. Once the giveaway tasks are completed, users receive chances and win extra diamonds to share in the weekly prize pool, and additional cash prize of up to ₦50,000. Users can

 Black Market Dollar To Naira Exchange Rate Today 2nd November 2023 What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx) ? See the black market Dollar to Naira exchange rate for 1st November, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? Dollar to naira exchange rate today black market (Aboki dollar rate): The exchange rate for a dollar to naira at Lagos  Parallel Market (Black Market)  players buy a dollar for N1170 and sell at N1175 on Wednesday 1st November 2023, according to sources at  Bureau De Change (BDC). Please note that the  Central Bank of Nigeria (CBN)  does not recognize the parallel market (black market), as it has directed individuals who want to engage in  Forex  to approach their respective banks. Dollar to Naira Black Market Rate Today Dollar to Naira (USD to NGN) Black Market Exchange Rate Today Buying Rate N1170 Selling Rate N1175 Dollar to Nai

 Naira Scarcity Returns In States Amid CBN Deadline For Old Notes Scarcity of Naira has been observed in at least two states, including Kano and Borno, ahead of the deadline for the use of the old N200, N500, and N1000 banknotes, as earlier announced by the Central Bank of Nigeria ( CBN ). Recall that the CBN had previously announced that the old Naira notes would remain legal tender until December 31, 2023, in compliance with the Supreme Court’s order.   The  former CBN governor,  Godwin Emefiele , had unveiled plans to redesign the N200, N500, and N1,000 notes, urging citizens to deposit their old notes before January 31, 2023, as they would no longer be accepted as legal tender. A development that brought untold hardship on Nigerians across board spiking protests and attacks on banks in various cities across the country. However, a few weeks before the CBN deadline, business communities in Kano and Borno states have expressed concerns about the Naira scarcity resurfacing. A CBN offi