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Farooq

Posts Tagged "first bank"

HomePosts Tagged "first bank"

First Bank of Nigeria Limited in its drive to promote convenience and ease of business for customers has raised the limits on international transactions on Naira Cards to $1,100 monthly across ATMs, PoS, and online channels, with the daily ATM withdrawals raised to $300. Similarly, Fidelity Bank Plc said it has resumed international transactions on […]

As part of its efforts to promote the recent Central Bank of Nigeria (CBN) special Foreign Exchange (FX) window, First Bank of Nigeria Limited has engaged Small and Medium Enterprises (SMEs), on sensitisation programme to enhance operators’ accessibility of the platform. The CBN, on April 10, opened a special FX window SMEs for import of […]

The naira is seen reversing its losses as traders anticipate improved dollar supply from international money transfer agencies to ease a shortage, which has pushed down the local currency this week. The naira fell to N470 to the dollar on the parallel  market yesterday from N455 a dollar last week because of surged in demand […]

Foreign exchange liquidity challenges in Abuja and environs will be expected to ease now as Travelex and First Bank of Nigeria Limited begin the sale of foreign exchange to Bureau De Change operators in the North, according to a News Agency of Nigeria report. The President, Association of Bureau De Change Operators of Nigeria, Alhaji […]

Uber Technologies Inc. is partnering with FBN Holdings Plc’s First Bank Nigeria to provide loans to drivers as a cash crunch in Africa’s most populous nation and a shrinking economy makes it harder for people to afford cars. “A lot of drivers on the platform have to find somebody who can afford to buy’’ the […]

Following the announcement by the Central Bank of Nigeria (CBN) of First Bank as the sole authorized dealer for foreign exchange proceeds to licenced Bureau de Change (BDC) operators in the country, the bank has restated its commitment to providing world class financial service. The disclosure came on the heels of the Bank’s strengthened money […]

The Central Bank of Nigeria (CBN) has suspended commercial banks in Nigeria except First Bank from selling foreign exchange directly to Bureaux De Change operators following their failure to comply with the July 22, 2016, directive to sell inflows from International Money Transfer Operators (IMTO) to BDC. The CBN Wednesday also suspended 195 BDCs from […]