Zenith Bank has joined other Nigerian banks that have suspended international transactions on naira cards. Zenith Bank has said its customers will no longer be able to carry out any international transaction on their Naira Automated Teller Machine (ATM) cards…
The Nigerian Security Printing and Minting (NSPM) Plc, the company responsible for producing Nigeria’s currency, has explained why the new Naira notes leave ink when rubbed on plain white. The company in a statement signed by the Managing Director, Ahmed…
The Debt Management Office (DMO) says the alarm created around the country’s projected public debt by a segment of the media is unnecessary. The Director-General, Mrs Patience Oniha, said this in a statement to react to reports by a segment…
By Ibiyemi Mathew The Director and Chief Executive Officer of the Nigerian Financial and Intelligence Unit, NFIU, Modibbo Tukur, has disclosed that the nation will transit fully to a non cash economy by March 1, 2023. Making this announcement in…
By Adenike Agunsoye The Securities and Exchange Commission (SEC) has announced its enforcement action against capital market operators (CMOs) which has resulted in improved level of compliance among the CMOs with filing of prudential returns rising to 96 per cent…
Findings have shown that most bank ATMs across the country are still dispensing old N1,000 and N500 notes, just four weeks before the deadline set by the apex bank. The old N1,000, N500, and N200 notes are set to be…
Nigerian businesses concerned about rising interest rates and macro-economic issues have halted borrowings from the bond market. According to data from Afrinvest Securities, there were 13 corporate bond issuances with a total value of N170.80 billion in 2022, which is…
Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced the appointment of new Directors across its subsidiaries. In a statement sent to NGX, the group said the appointments were in line with Stanbic IBTC’s succession plan and…
Nigeria Inter-Bank Settlement System (NIBSS) has revealed that banks registered a total of 4.8 million new Bank Verification Numbers (BVNs) in 2022. According to the data released, this brought the total number of registered BVNs in the country to 56.5…
The Finance Minister, Ms Zainab Ahmed revealed that the President Muhammadu Buhari regime had spent N12.87 trillion of the N17.126 trillion budgeted for last year, as of November 30, 2022. This, she said, represented a fiscal deficit of N6.37 trillion.…
