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The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has expressed concern that Nigeria’s celebrated exit from recession may suffer a reversal following recent indications from the nation’s economy. In a communique read at the end of its 263rd meeting yesterday in Abuja, CBN governor, Godwin Emefiele, who doubles as chairman of the…
September 26, 2018
To celebrate the life of Nigeria's foremost Banker, Jim Ovia, President Muhammadu Buhari and Vice President Yemi Osibanjo had heaped encomiums on the business guru on the occasion of launching his auto-biography titled ‘Africa Rise And Shine.” Lauding the achievements of Ovia, who is the Chairman, Zenith Bank Group, the President in a letter read…
September 18, 2018
The National Bureau of Statistics (NBS) says a total volume of 509,668,433 transactions valued at N32.90trn was recorded in the banking sector during the second quarter. The NBS made this known in its “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2018)’’ report released in Abuja. According to the…
August 20, 2018
The Central Bank of Nigeria (CBN), said the aggregate foreign exchange inflow into the country stood at $91 billion in 2017, a record compared with 2016. The bank disclosed in its 2017 annual report released on Thursday that the figure was an increase of 45 per cent from $62.75 billion in 2016. The bank also…
August 17, 2018
The President of the Trade Union Congress of Nigeria (TUC), Mr Bobboi Kaigama, announced Wednesday that a new amount agreed on by the Federal Government and labour to serve as Nigeria’s new minimum wage would be announced next month. Speaking in Lagos, Bobboi, told NAN that the committee working on the minimum wage had almost…
July 18, 2018
Nigerian banks have restricted cash withdrawals from overseas Automated Teller Machines (ATM) only to those whose cards are linked to their domiciliary accounts funded locally. The banks have therefore suspended such withdrawals and encouraging travellers to open and fund dollar accounts. According to the Nation, lenders are also raising their card spending limits on Point of…
July 9, 2018
Five Nigerian banks which included Zenith Plc, Guaranty Trust Bank Plc (GTBank), FirstBank Nigeria Limited, Access Bank Plc and the United Bank for Africa Plc, were ranked among The Banker Magazine’s 2018 1000 Global Banks, in a report released last night. According to the ranking, Zenith Bank was placed first in Nigeria and 402nd bank…
July 3, 2018
Lists Projects Tampered By NASS Lawmakers: We're Not Rubber Stamp By 'Dotun Akintomide President Muhammadu Buhari has accused federal lawmakers of tampering in no small way, the 2018 budgeted spendings he signed Wednesday. Buhari expressed his displeasure over the padding which according to him led to the replacement of some key projects proposed by the…
June 20, 2018
Visa said on Friday that a “service disruption’’ hit its payment system in Europe, leaving some businesses unable to process purchases by its cardholders. The extent and cause of the outage are unclear. “We are currently experiencing a service disruption, which is preventing some Visa transactions in Europe from being processed,’’ the card giant said…
June 2, 2018
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The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has expressed concern that Nigeria’s celebrated exit from recession may suffer a reversal following recent indications from the nation’s economy. In a communique read at the end of its 263rd meeting yesterday in Abuja, CBN governor, Godwin Emefiele, who doubles as chairman of the…
September 26, 2018
To celebrate the life of Nigeria's foremost Banker, Jim Ovia, President Muhammadu Buhari and Vice President Yemi Osibanjo had heaped encomiums on the business guru on the occasion of launching his auto-biography titled ‘Africa Rise And Shine.” Lauding the achievements of Ovia, who is the Chairman, Zenith Bank Group, the President in a letter read…
September 18, 2018
The National Bureau of Statistics (NBS) says a total volume of 509,668,433 transactions valued at N32.90trn was recorded in the banking sector during the second quarter. The NBS made this known in its “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2018)’’ report released in Abuja. According to the…
August 20, 2018
The Central Bank of Nigeria (CBN), said the aggregate foreign exchange inflow into the country stood at $91 billion in 2017, a record compared with 2016. The bank disclosed in its 2017 annual report released on Thursday that the figure was an increase of 45 per cent from $62.75 billion in 2016. The bank also…
August 17, 2018
The President of the Trade Union Congress of Nigeria (TUC), Mr Bobboi Kaigama, announced Wednesday that a new amount agreed on by the Federal Government and labour to serve as Nigeria’s new minimum wage would be announced next month. Speaking in Lagos, Bobboi, told NAN that the committee working on the minimum wage had almost…
July 18, 2018
Nigerian banks have restricted cash withdrawals from overseas Automated Teller Machines (ATM) only to those whose cards are linked to their domiciliary accounts funded locally. The banks have therefore suspended such withdrawals and encouraging travellers to open and fund dollar accounts. According to the Nation, lenders are also raising their card spending limits on Point of…
July 9, 2018
Five Nigerian banks which included Zenith Plc, Guaranty Trust Bank Plc (GTBank), FirstBank Nigeria Limited, Access Bank Plc and the United Bank for Africa Plc, were ranked among The Banker Magazine’s 2018 1000 Global Banks, in a report released last night. According to the ranking, Zenith Bank was placed first in Nigeria and 402nd bank…
July 3, 2018
Lists Projects Tampered By NASS Lawmakers: We're Not Rubber Stamp By 'Dotun Akintomide President Muhammadu Buhari has accused federal lawmakers of tampering in no small way, the 2018 budgeted spendings he signed Wednesday. Buhari expressed his displeasure over the padding which according to him led to the replacement of some key projects proposed by the…
June 20, 2018
Visa said on Friday that a “service disruption’’ hit its payment system in Europe, leaving some businesses unable to process purchases by its cardholders. The extent and cause of the outage are unclear. “We are currently experiencing a service disruption, which is preventing some Visa transactions in Europe from being processed,’’ the card giant said…
June 2, 2018
