The Central Bank of Nigeria (CBN) has urged members of the public who are unable to obtain cash, either over-the-counter or through ATMs to report the Deposit Money Banks (DMBs) involved using designated reporting channels and formats. The CBN also directed the banks to ensure efficient cash disbursement[Read More…]
The Nigeria is requesting South Africa’s backing to attain full membership in the G20, BRICS and the BRICS New Development Bank (NDB). Nigeria is also seeking South Africa’s support to assume leadership roles in thematic discussions of interest under South Africa’s G20 presidency. These requests were made by Amb. Bianca[Read More…]
The Debt Management Office (DMO), has offered two Federal Government of Nigeria (FGN) savings bonds for subscription in December. The DMO said on Monday that the first offer was a two-year FGN savings bond due on Dec. 11, 2026, at an interest rate of 17.483 per cent per[Read More…]
The seventh prosecution witness, Mr John Adetola, in the ongoing trial of the ex-governor of Central Bank, Godwin Emefiele, narrated how he collected the sum of $400,000 on behalf of the ex-governor. Adetola, who was the former personal assistant to Emefiele, made the revelation on Thursday while[Read More…]
Nigerian National Petroleum Company Limited (NNPC Ltd) said it did not issue misleading information to the Nigerian public on the true situation of operations at the Port Harcourt Refinery. The company, therefore, refuted allegations made by Timothy Mgbere, who referred himself in a video clip as a community representative,[Read More…]
Africa’s global bank, UBA will soon begin full banking operations in France following the signing of a landmark business cooperation agreement. The Chairman of UBA Group, Tony Elumelu, in the presence of President Bola Tinubu and the President of France, Emmanuel Macron, signed an agreement with the French[Read More…]
The management of Access Bank Plc has debunked and denied allegations circulating on social media concerning a purported ₦500 million missing fund. The Bank responded to allegations by social media activist VeryDarkMan regarding an inheritance dispute involving an alleged ₦500 million fund belonging to a late customer. The bank[Read More…]
Reps panel absolves Ecobank of any liability to 167 sacked workers The House of Representatives Committee on Public Petitions has absolved Ecobank of any liability toward the 167 members of staff of the bank laid off in 2023. Chairman of the committee, Rep. Mike Etaba (APC-Cross River), who[Read More…]
The Aké Arts and Books Festival has kicked off with a bang, bringing together literature lovers, artists, and creatives from across Africa and beyond. At the heart of this vibrant celebration is Sterling Bank, which has served as a dedicated headline sponsor for eight consecutive years, playing a key[Read More…]
Leading financial institution, Fidelity Bank Plc, has announced that it will be giving out N159 million to lucky customers in its recently launched Get Alerts in Millions Season 6, (GAIM 6) promo. Speaking at the press conference to kick off the promo at the bank’s Lagos head office, Executive[Read More…]
