Business

Access Bank Corporate Customers Forum 2024 Holds Next Week

We are excited to host the Access Bank Corporate Customers Forum 2024, which promises to be a milestone event for our partners, clients, and the broader business community

Published

2 years ago

September 10, 2024

OCHEFA

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▪︎Rosevelt Ogbonna, GMD/ CEO of Access Bank.

Nigeria’s top financial organization with the largest customer base in Nigeria and footprints across the globe, Access Bank, is set to host ‘Corporate Customer Forum 2024’, on September 19, 2024 at the Eko Hotels, Victoria, Island, Lagos, under the theme “Nigeria’s Economic rebirth: Hopes and implications”.

This crucial event is set to host the Minister of Finance and the Coordinating Minister for the Economy, industry leaders and major stakeholders who will speak to the bank’s corporate and commercial business customers about the future of the Nigerian economy while addressing current economic challenges.

The Corporate Forum will serve as a key platform for thought leadership and knowledge exchange, aiming to inspire new ideas and foster collaboration across various industries.

The forum will focus on the dynamic intersection of growth and innovation, exploring how businesses can leverage technological advancements, sustainable practices, and inclusive strategies to thrive in today’s rapidly evolving business landscape.

“We are excited to host the Access Bank Corporate Customers Forum 2024, which promises to be a milestone event for our partners, clients, and the broader business community,” said Rosevelt Ogbonna, GMD/ CEO of Access Bank.

“In a world of constant change, it is vital that we come together to share insights, challenge assumptions, and explore new opportunities. Our theme, “Nigeria’s Economic rebirth: Hopes and implications”, reflects our commitment to not only adapting to change but also leading it.”

“The forum will feature the Honorable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, Managing Director, Financial Derivatives company, Bismarck Rewane, Director -General, Federal Budget office, Dr. Tanimu Yakubu, and a distinguished lineup of speakers, renowned industry experts, thought leaders, and senior executives from Access Bank.

Attendees should expect engaging panel discussions, keynote presentations, and networking opportunities designed to inspire dialogue and collaboration.

Key topics to be covered at the forum include: Lead Paper: Accelerated Stabilization and Advancement Plan (ASAP) for Nigeria’s Economic Rebirth, Co-Lead Paper: Making the Accelerated Stabilization Advancement Plan Deliver Economic Growth for Nigeria,”, Rosevelt concluded.

The Access Bank Corporate Forum 2024 is strictly by invitation for business leaders, entrepreneurs, policymakers, and other stakeholders who are interested in the future of the financial industry and economic development.

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Business

Cardoso Urges Banks To Lend Out Idle Funds With CBN * Retains MPR at 26.5%

Cardoso made the call on Tuesday after the 306th Monetary Policy Committee (MPC) meeting held in Abuja from July 20 to July 21.

Published

4 hours ago

July 21, 2026

OCHEFA

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The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso , urged banks from keeping idle funds with the apex bank and encouraging increased lending into the economy.

Cardoso made the call on Tuesday after the 306th Monetary Policy Committee (MPC) meeting held in Abuja from July 20 to July 21.

The apex bank retained the Monetary Policy Rate (MPR), also known as benchmark interest rate, at 26. 5 percent.

This decision marks the second consecutive retention of the MPR at 26.5 per cent, following a 50-basis-point reduction in February from 27 per cent.

“The committee’s decision to maintain the current policy stand follows a thorough assessment of the balance of risk,” said Cardoso.

He emphasised that although headline inflation moderated marginally in June 2026, global uncertainties have heightened due mainly to the renewed hostilities in the Middle East.

The MPC also adjusted the asymmetric facilities corridor around the MPR to +50/-450 basis points—a move aimed at discouraging banks from keeping idle fund with CBN.

Furthermore, the committee maintained the Cash Reserve Ratio (CRR) for commercial banks at 45 per cent, retained the rate for merchant banks at 16 per cent, and kept the CRR on non-TSA public-sector deposits at 75 per cent for liquidity management considerations.

Cardoso said despite the global uncertainties, the Nigerian economy has “remained largely resilient to the external shocks”.

Business

CBN admits it opened domiciliary accounts for PFIPC agency

Represented by the Director of its Banking Services Department, Hamisu Ibrahim, the CBN said that the accounts are one in US dollars, the other in British pounds sterling, were opened following a mandate received from the Office of the Accountant-General of the Federation.

Published

13 hours ago

July 21, 2026

OCHEFA

20 Views

File photo : PFIPC agency DG, Adeniyi Adeyemi

The Central Bank of Nigeria had admitted that it opened two foreign-currency domiciliary accounts for the controversial Presidential Foreign Investment Promotion Council (PFIPC).

The apex bank made the confirmation, yesterday, during the public hearing convened at the National Assembly Complex by the House of Representatives Ad-hoc Committee investigating the existence and operations of the PFIPC, chaired by Yusuf Gagdi and inaugurated by Speaker Tajudeen Abbas.

He explained that on July 30, 2025, CBN received a mandate dated July 29, 2025 from the Office of the Accountant-General.

“We received the mandate to authorise two accounts, one a US dollar domiciliary account, the other a pound domiciliary account, for the Presidential Economic Advisory Council/Presidential Foreign Investment Promotion Council,” Ibrahim told the committee.

He explained the CBN’s verification process, “The process of opening an account requires a mandate from the Office of the Accountant-General of the Federation.

“Once we receive that mandate, we perform all the necessary verifications to confirm that this mandate is actually coming from that office.

The department that handles the mandate is different from the department that actually does the account opening,” he said.

Nevertheless, he noted that no one came to activate the accounts after they were opened.“We did not receive any correspondence, mandate, signature or mandate cards. We were not introduced to the authorising or approving officers.“Based on that, those accounts remain inactive, with zero balance. There have been no foreign exchange allocations.