The Central Bank of Nigeria (CBN) has recorded over 34,000 transactions on the eNaira platform, amounting to over N188 million. This was disclosed by the CBN Controller, Enugu branch, Ch’Edozie Okonjo, at the 2021 Annual Bankers Dinner and Lecture, organised…
Customers of FirstBank using Firstmonie wallet, the mobile friendly wallet application are in for an exciting time as they are being rewarded for their continued patronage of its services in a two-month campaign, tagged Transact and Win promo which started…
By Seun Ibiyemi Shareholders under the aegis of Independence shareholders Association of Nigeria, (ISAN) have expressed displeasure over the hike in banks’ mandatory Cash Reserve Ratio (CRR). ISAN’s founder, Mr Sunny Nwosu, said this in a statement made available to…
The Chairman of Access Bank Plc has issued a letter to all shareholders of Access Bank informing them about the restructuring of the Bank’s Group into a non-operating financial holding company structure. The holding structure is expected to hold the…
The Central Bank of Nigeria (CBN) has stated that the construction sector’s loan default was to blame for the surge of non-performing loans. This is according to the Central Bank of Nigeria (CBN) August Economic Report. The construction industry has…
The Debt Management Office (DMO), on behalf of the Federal Government has announced the offer for subscription of the December 2021 Federal Government Savings Bond to investors. This disclosure is contained in a circular issued by the DMO and can…
The House of Representatives has directed its principal officers to interface with the Committee of Finance and Currency over the failure of some agencies to appear for 2022 budget defence. Ahmed Wase, Deputy Speaker of the House, gave the ruling…
This followed a presentation of the lead debate by the Senate Leader, Mr Yahaya Abdullahi at plenary. The bill was entitled: “A Bill for an Act to amend the relevant tax, excises and duty statutory in line with macro economic…
Polaris Bank and Eventful Limited have reinforced their support for Nigeria’s Small & Medium Enterprises (SMEs) sector with three firms empowered at the just-concluded 5th Lagos Fashion Souk to further grow their businesses. While handing the cheques to the winners, …
The Central Bank of Nigeria (CBN) on Tuesday released guidelines for its “Production and Productivity” initiative, through “100 projects for EVERY 100 days” project. Information in the apex bank’s website revealed that the initiative was designed to support the Federal…
