Ecobank Nigeria has again called on its customers to approach any of its branches to deposit old naira banknotes into their accounts to avoid last minute rush, also assuring them of gaining a minimum of 8 per cent interest on…
The Debt Management Office (DMO) on Monday announced the issuance of its first bonds for 2023, two Federal Government of Nigeria (FGN) Savings Bonds for a subscription. According to a statement by the DMO, one is a two-year FGN Savings…
The Federal Inland Revenue Service (FIRS) has announced that taxpayers can now get their Tax Clearance Certificate in a single click via its flagship Taxpro Max solution. The TaxPro Max, a tax administration solution introduced by the apex tax authority…
The Board of Directors of Wema Bank Plc has appointed Moruf Oseni as its Managing Director/Chief Executive Officer, effective from April 1st, 2023. In a statement, the bank stated that Oseni will take over from Ademola Adebisi upon the latter’s…
Customers of Guaranty Trust Bank will no longer be able to carry out any international transaction on their Naira-denominated ATM card. This came as the bank announced the suspension of international online and PoS transactions on Naira Mastercard effective from…
Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced the appointment of new Directors across the group following the receipt of all required regulatory approvals. The new appointments were contained in a statement to the Nigerian Exchange…
The Nigeria Interbank Settlement System (NIBSS) has revealed that more Nigerians are going cashless as the volume of financial transaction through mobile devices has more than doubled in the last 11 months (Janaury- November). The NIBSS noted in data released…
The World Trade Organization (WTO) has warned member countries from adopting the new trade restriction measures, saying its implementation would have a negative effect on the economy. The WTO Director-General, Dr Ngozi Okonjo-Iweala, disclosed this in its Trade Monitoring Report…
Zenith Bank Plc has announced the retirement of two Executive Directors, Ummar Shuaib Ahmed and Dennis Olisa, from its board effective December 28th 2022. This was contained in a corporate disclosure that was signed by Company Secretary Michael Otu. Part…
By Idris Bakare The World Bank has asked the Central Bank to reconsider its RT-200 Programme despite its good intentions. According to the global bank, this policy has created an additional foreign exchange window further worsening the nation’s FX problems.…
