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By Hamilton Nwosa (The New Diplomat’s Head, Polls & Data Tracking Desk) A 34 per cent surge in its asset base in 2020, has lifted Zenith Bank Plc’s value from N6.347 trillion to N8.481 trillion in one year, its audited financial statements showed on Tuesday. This makes it Nigeria’s biggest bank by asset. However, Zenith…
February 23, 2021
Bitoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency. Bitcoin hit $43,725.51 around 1300 GMT, before cooling slightly to $42,352. The cryptocurrency is up around 50 percent since the start of the year.
February 8, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The Central Bank of Nigeria (CBN) has given reasons on its enforcement of ban on cryptocurrencies in Nigeria amid citizens' backlash. CBN explained that its circular dated February 5, 2021 did not place any new restrictions on cryptocurrencies in Nigeria. CBN who spoke through its Acting Director,…
February 8, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The Federal government of Nigeria through its apex bank, Central Bank of Nigeria (CBN) on Friday, directed all banks and other financial institutions operating in the country to close accounts of persons or entities involved in cryptocurrency transactions within their systems. In a letter to Deposit Money…
February 5, 2021
From Segun Amure, (The New Diplomat's, Abuja Bureau) The United States on Wednesday, 20th January, 2021 sworn-in President Joe Biden as the 46th President of America. Biden in his inaugural address lauded effort to protect America's democracy before, during and after the November 2020, Presidential election. In addition, he assured Americans of his administration's…
January 20, 2021
By Abiola Olawale The First Bank of Nigeria (FBN) has ran into legal conundrum as authorities on Tuesday confiscated the bank's assest in Port Harcourt over the $479 million (N189 billion) judgement debt owed Ejama-Ebubu, a community in Tai Eleme Local Government, Rivers State by the Shell Petroleum Development Company (SPDC) of Nigeria. Federal High…
January 15, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) Reactions have began to trail the announcement by the Federal government to start borrowing money from unclaimed dividends and funds in dormant accounts owned by Nigerians that are unattended to for at least six years. The funds are to be deployed as special credit to the federal…
January 7, 2021
First City Monument Bank (FCMB) has appointed Yemisi Edun as acting managing Director, following the announcement yesterday that Adam Nuru has gone on leave amid allegation of marital infidelity levelled against him. The bank is currently investigating allegations of sexual misconduct against Nuru as an extramarital affair between him and a former staff of the…
January 6, 2021
FCMB Records 10% Drop in Morning Trading but stood at 6% in the Evening... In a seeming dramatic move, Nigeria’s leading tier-2 bank, First City Monument Bank (FCMB) recorded significant losses at the first trading session of 2021 at the Nigeria Stock Exchange (NSE). The New Diplomat's early morning checks show that NSE reports indicate…
January 5, 2021
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By Hamilton Nwosa (The New Diplomat’s Head, Polls & Data Tracking Desk) A 34 per cent surge in its asset base in 2020, has lifted Zenith Bank Plc’s value from N6.347 trillion to N8.481 trillion in one year, its audited financial statements showed on Tuesday. This makes it Nigeria’s biggest bank by asset. However, Zenith…
February 23, 2021
Bitoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency. Bitcoin hit $43,725.51 around 1300 GMT, before cooling slightly to $42,352. The cryptocurrency is up around 50 percent since the start of the year.
February 8, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The Central Bank of Nigeria (CBN) has given reasons on its enforcement of ban on cryptocurrencies in Nigeria amid citizens' backlash. CBN explained that its circular dated February 5, 2021 did not place any new restrictions on cryptocurrencies in Nigeria. CBN who spoke through its Acting Director,…
February 8, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The Federal government of Nigeria through its apex bank, Central Bank of Nigeria (CBN) on Friday, directed all banks and other financial institutions operating in the country to close accounts of persons or entities involved in cryptocurrency transactions within their systems. In a letter to Deposit Money…
February 5, 2021
From Segun Amure, (The New Diplomat's, Abuja Bureau) The United States on Wednesday, 20th January, 2021 sworn-in President Joe Biden as the 46th President of America. Biden in his inaugural address lauded effort to protect America's democracy before, during and after the November 2020, Presidential election. In addition, he assured Americans of his administration's…
January 20, 2021
By Abiola Olawale The First Bank of Nigeria (FBN) has ran into legal conundrum as authorities on Tuesday confiscated the bank's assest in Port Harcourt over the $479 million (N189 billion) judgement debt owed Ejama-Ebubu, a community in Tai Eleme Local Government, Rivers State by the Shell Petroleum Development Company (SPDC) of Nigeria. Federal High…
January 15, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) Reactions have began to trail the announcement by the Federal government to start borrowing money from unclaimed dividends and funds in dormant accounts owned by Nigerians that are unattended to for at least six years. The funds are to be deployed as special credit to the federal…
January 7, 2021
First City Monument Bank (FCMB) has appointed Yemisi Edun as acting managing Director, following the announcement yesterday that Adam Nuru has gone on leave amid allegation of marital infidelity levelled against him. The bank is currently investigating allegations of sexual misconduct against Nuru as an extramarital affair between him and a former staff of the…
January 6, 2021
FCMB Records 10% Drop in Morning Trading but stood at 6% in the Evening... In a seeming dramatic move, Nigeria’s leading tier-2 bank, First City Monument Bank (FCMB) recorded significant losses at the first trading session of 2021 at the Nigeria Stock Exchange (NSE). The New Diplomat's early morning checks show that NSE reports indicate…
January 5, 2021
