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Innoson Nigeria Limited has said the court judgment it obtained to enforce its garnishee order would be executed on Guaranty Trust Bank (GTB) and not the Nigerian Customs Service. Cornel Osigwe, the Head of Corporate Communications of Innoson Group, said on Sunday in reaction to an earlier statement by GTB that the writ of FiFa…
April 1, 2019
Innoson Nigeria Limited has obtained a writ of Fifa from the Federal High Court in Awka, Anambra State, against Guaranty Trust Bank (GTB) to effect the judgment given by the Federal High Court in Ibadan and upheld by the Supreme Court of Nigeria. This was made known in a press release issued by Cornel Osigwe,…
March 29, 2019
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has cut down the benchmark lending rate from 14 per cent to 13.5 per cent to further promote economic growth. The Central Bank Governor, Mr Godwin Emefiele said this when he briefed newsmen in Abuja on Tuesday on the outcome of the 266th…
March 27, 2019
The Economic and Financial Crimes Commission (EFCC) is set to dock Tunde Ayeni, the former chairman of Skye Bank Plc, over alleged laundering of about N21 billion. He will face trial with a former Managing Director of Skye Bank, Timothy Ajani Oguntayo; Control Dredging Company and Royaltex Paramount Ventures Limited. The anti-graft agency on Friday…
March 2, 2019
The National Bureau of Statistics (NBS) said Automated Teller Machine (ATM) from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter of 2018. The bureau stated this in its “Selected Banking Sector Data for Fourth Quarter, 2018”, posted on its website on Wednesday. It said that the amount was…
February 20, 2019
Financial experts on Saturday said the hasty postponement of the general elections by the Independent National Electoral Commission (INEC) would create uncertainty and affect inflow of foreign investments. They told the News Agency of Nigeria (NAN) in separate interviews in Lagos that the hasty postponement a few hours to the Presidential and National Assembly elections…
February 16, 2019
More Nigerians are abandoning their banks’ accounts majorly due to economic hardship caused by sluggish economic growth, rising job losses and reduction in purchasing power occasioned by double digit inflation. Statistics from the Nigeria Interbank Settlement System (NIBSS) showed that Nigerians abandoned 10 million bank accounts in 2018. NIBSS is owned by all Nigerian banks…
February 5, 2019
Renmoney, one of Nigeria’s leading fintech companies, has deployed customer engagement software to set up an integrated support. Renmoney provides convenient loans, savings and fixed deposit products to Nigerians. Last year, Renmoney delivered over 95,000 loans to individuals and small businesses via its website, contact centre, agent network and branches. The interactions across multiple channels…
January 28, 2019
Barring any last minute change, the Access Bank Group is on the verge of acquiring Diamond Bank Plc, reports say Monday. A senior official of Access Bank, who spoke on condition of anonymity because he was not authorised to speak to the media on the deal, told The Punch on Sunday that the banks were…
December 17, 2018
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Innoson Nigeria Limited has said the court judgment it obtained to enforce its garnishee order would be executed on Guaranty Trust Bank (GTB) and not the Nigerian Customs Service. Cornel Osigwe, the Head of Corporate Communications of Innoson Group, said on Sunday in reaction to an earlier statement by GTB that the writ of FiFa…
April 1, 2019
Innoson Nigeria Limited has obtained a writ of Fifa from the Federal High Court in Awka, Anambra State, against Guaranty Trust Bank (GTB) to effect the judgment given by the Federal High Court in Ibadan and upheld by the Supreme Court of Nigeria. This was made known in a press release issued by Cornel Osigwe,…
March 29, 2019
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has cut down the benchmark lending rate from 14 per cent to 13.5 per cent to further promote economic growth. The Central Bank Governor, Mr Godwin Emefiele said this when he briefed newsmen in Abuja on Tuesday on the outcome of the 266th…
March 27, 2019
The Economic and Financial Crimes Commission (EFCC) is set to dock Tunde Ayeni, the former chairman of Skye Bank Plc, over alleged laundering of about N21 billion. He will face trial with a former Managing Director of Skye Bank, Timothy Ajani Oguntayo; Control Dredging Company and Royaltex Paramount Ventures Limited. The anti-graft agency on Friday…
March 2, 2019
The National Bureau of Statistics (NBS) said Automated Teller Machine (ATM) from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter of 2018. The bureau stated this in its “Selected Banking Sector Data for Fourth Quarter, 2018”, posted on its website on Wednesday. It said that the amount was…
February 20, 2019
Financial experts on Saturday said the hasty postponement of the general elections by the Independent National Electoral Commission (INEC) would create uncertainty and affect inflow of foreign investments. They told the News Agency of Nigeria (NAN) in separate interviews in Lagos that the hasty postponement a few hours to the Presidential and National Assembly elections…
February 16, 2019
More Nigerians are abandoning their banks’ accounts majorly due to economic hardship caused by sluggish economic growth, rising job losses and reduction in purchasing power occasioned by double digit inflation. Statistics from the Nigeria Interbank Settlement System (NIBSS) showed that Nigerians abandoned 10 million bank accounts in 2018. NIBSS is owned by all Nigerian banks…
February 5, 2019
Renmoney, one of Nigeria’s leading fintech companies, has deployed customer engagement software to set up an integrated support. Renmoney provides convenient loans, savings and fixed deposit products to Nigerians. Last year, Renmoney delivered over 95,000 loans to individuals and small businesses via its website, contact centre, agent network and branches. The interactions across multiple channels…
January 28, 2019
Barring any last minute change, the Access Bank Group is on the verge of acquiring Diamond Bank Plc, reports say Monday. A senior official of Access Bank, who spoke on condition of anonymity because he was not authorised to speak to the media on the deal, told The Punch on Sunday that the banks were…
December 17, 2018
