Economy

Breaking: Bolaji Agbede Replaces Late Wigwe As Access Holdings Acting GCEO

Published

2 years ago

February 13, 2024

Naijablitz

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Access Holdings Plc has announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer.

This follows the death of its former Group Chief Executive Officer, Dr. Herbert Wigwe in a helicopter crash alongside his wife, son, and a former chairman of the Nigeria Exchange Group, Abimboloa Ogunbanjo on Friday in California, United States.

A statement made by the company’s Board of Directors and dated February 12, 2024, stated that the appointment was subject to the approval of the Central Bank of Nigeria.

“Further to its announcement dated February 11, 2024, the Board of Directors of Access Holdings Plc (‘the Company’) has today announced the appointment of Ms Bolaji Agbede as the Acting Group Chief Executive Officer of the Company following the unfortunate demise of its former Group Chief Executive Officer, Dr Herbert Wigwe, on February 9, 2024.

“The appointment is subject to the approval of the Central Bank of Nigeria,” the statement signed by the Group Company Secretary, Sunday Ekwochi, read in part.

Until her recent appointment, Ms Agbede was the company’s most senior founding Executive Director in charge of business support.

She has nearly three decades of professional experience cutting across banking and business consultancy services. She commenced her professional career in 1992 at Guaranty Trust Bank and served in various capacities within the commercial banking and operations functions rising to the position of manager in 2001.

Agbede joined Access Bank in 2003 as an assistant general manager and was responsible for managing the Bank’s portfolio of chemical trading companies.

She became the head of human resources for the Access Bank Group in 2010, overseeing the human capital development of the Group. She held the position until June 2022 when she was appointed the executive director of Access Holdings after the bank transitioned to a holding company.

The University of Lagos alumnus began her professional career at Guaranty Trust Bank (GTB), where she rose from executive trainee in 1992 to a managerial position in 2001. She was once GTB’s relationship manager and vault custodian.

Ms. Agbede subsequently served as the Chief Executive Officer of JKG Limited, a business consulting outfit, in 2003.

Economy

Naira records first fall against US dollar, cancels three-day gain

Published

6 hours ago

February 13, 2026

EMMANUEL AGAJI

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The naira on Thursday recorded its first depreciation against the United States dollar at the official foreign exchange market this week.

The Central Bank of Nigeria’s data showed that the Naira weakened on Thursday to N1,353.66 per dollar, down from N1,348.95.

This means that on a day-to-day basis the N4.71 dropped against the dollar.

The decline almost erased Naira’s N5.51 per dollar gain at the official exchange in the last three days.

However, at the black market, the Naira appreciated further by N5 to N1440 on Thursday per dollar, up from N1445 the previous day, owing to the apex bank’s latest intervention to Bureau De Change operators.

The development comes as Nigeria’s foreign debt grew further to $47.53 as of February 10, 2026, according to the apex bank data.

Economy

See Black Market Dollar To Naira Exchange Rate Today 13th February 2026

Published

7 hours ago

February 13, 2026

EMMANUEL AGAJI

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The Black Market Dollar-to-Naira Exchange Rate for 13th February 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.

The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.

Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 13th February 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1440 and buy at ₦1420 on Friday 13th February, 2026, 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
Selling Rate ₦1440
Buying Rate ₦1420
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1357
Lowest Rate ₦1350
Disclaimer:NEWSRAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the FMDQOTC website. Parallel market rates (black market rates) are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

Economy

Central Bank Sends Strong Warning Against Naira Abuse

Published

12 hours ago

February 13, 2026

Admin

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The Central Bank of Nigeria (CBN) has issued a strong warning against the mutilation and abuse of the Naira, urging Nigerians to respect the national currency and desist from practices such as spraying, counterfeiting, defacing, and hawking banknotes.

The call was made on Thursday during the CBN Special Day at the 47th Kaduna International Trade Fair, where Mrs Sidi Hakama, Deputy Director of Corporate Communications and Investor Relations, reaffirmed the bank’s commitment to ensuring a steady supply of clean currency notes in appropriate denominations.

She was represented at the event by Abbas Ahmed, a Deputy Director at the CBN Headquarters, Abuja.

Hakama said, “The Naira is a crucial symbol of our national identity. Please respect it keep it clean. Do not spray, counterfeit, mutilate, or hawk the Naira.”

She assured the stakeholders of the apex bank’s dedication to maintaining economic stability and strengthening structural reforms.

The event, organised by the Kaduna Chamber of Commerce, Industry, Mines and Agriculture (KADCCIMA), was themed ‘From Reforms to Results: Economic Transformation through Sustained Local Content Development’.

The theme, Hakama said, aligned with the CBN’s domestic reform agenda focused on sustainable growth, financial inclusion, and resilience against external shocks.

According to her, under the leadership of CBN Governor, Mr Olayemi Cardoso, the bank had introduced wide-ranging reforms aimed at repositioning Nigeria’s economy.

She said, “These include the unification of the foreign exchange rate, ongoing bank recapitalisation to support the vision of a $1 trillion economy by 2030.

“There was also the introduction of the Non Resident Bank Verification Number (BVN) to connect Nigerians in the diaspora, and the B Match system for foreign exchange trading.”

Other key initiatives highlighted included the Nigerian Payments System Vision 2028, a 75 per cent Cash Reserve Ratio on non Treasury Single Account public-sector deposits to enhance liquidity management, and regulatory clarity in emerging areas such as stablecoins and virtual assets.

According to the CBN, these reforms have improved transparency, strengthened monetary policy transmission, and reinforced macroeconomic stability, particularly following the discontinuation of deficit monetisation.

Hakama disclosed that Nigeria now ranks among Africa’s most advanced digital payments markets, with leading fintech applications recording between 10 and 50 million downloads and more than 12 million contactless cards currently in circulation.