Opeyemi Quadri 
Bank Identification Number (BIN) is the first six to eight digits on a credit or debit card, which can be found either on the front or back of the card. Also known as Issuer Identification Number (IIN), the BIN is used to identify the financial institution that issued the card. It plays an important role … Read more
Every year, an American website headquartered in San Francisco, California, allows former and current employees of companies to review their current or former workplaces. The overall reviews on Glassdoor are used to rate companies. This year, the website listed consulting firm Bain & Company, NVIDIA, ServiceNow, and MathWorks as the top best companies to work … Read more
While the campaign for the reduction in the cost of governance continues, state governors allocate a humongous amount for the maintenance of their offices in the approved 2024 budget. In the face of economic difficulties experienced by Nigerians, some of the 36 state governors appear unperturbed by the challenges faced by the people who elected … Read more
As the foreign exchange crisis deepens in Nigeria, the apex bank has directed all Authorized Dealer Banks in the country to stop payment of Personal Travel Allowance and Business Travel Allowance (PTA/BTA) by cash to applicants. In a communique dated February 14 and signed by the Director of Trade and Exchange Department, Hassan Mahmud, the … Read more
The Nigerian currency is at its lowest ebb ever. It has never experienced the kind of depreciation it is currently undergoing since it became the official currency on January 1, 1973. With the current exchange rate of the Naira against the United States Dollar, which stands at $1/N1,517.204 according to the CBN rate, the national … Read more
The career paths for bankers in Nigeria are hierarchical. In some banks, you begin as a graduate trainee, progress to executive trainee, and then advance up the ladder. This progression varies from one bank to another. We have some of the top billionaire bankers in Nigeria today who entered the banking sector in their early … Read more
It may be tasking for anyone fill the vacuum left behind by the Herbert Wigwe, the late Group Chief Executive Officer of Access Holdings PLC, but to preserve his significant legacies, the Board of Directors of the bank announced on Monday, February 12, 2024, the appointment of Ms. Bolaji Olaitan Agbede as the acting GCEO … Read more
WorldRemit, MoneyGram, and other International Money Transfer Operators (IMTOs) will cease releasing dollars or other foreign currencies to Nigerians. Instead, remittances will now be processed and converted to Naira, with the recipient’s account being credited in the local currency. More than 50 licenced IMTOs are operating in Nigeria, they include Sendwave, MoneyGram, WorldRemit, Remitly, and … Read more
Pyoneer can no longer send dollars and other foreign currencies to Nigeria. This change is due to banks in the country implementing the latest foreign exchange guidelines set by the Central Bank of Nigeria (CBN). This marks a departure from previous practices where freelancers could transfer funds from their Payoneer account directly to their domiciliary … Read more
Nationals of 10 African countries accounted for $79.3 billion in remittances in 2023. The top five are Egypt, Nigeria, Morocco, Ghana, and Kenya. Egyptians in diaspora sent approximately $24.2 billion back home, while Nigerians and Moroccans abroad sent $20.5 billion and $12.1 billion respectively to their home countries. Remittances are the funds or monies that are … Read more