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Central bank to create awareness on development initiatives in Jigawa

Central Bank of Nigeria (CBN), has organized a sensitization fair for low income earners that are economically active on how to access the apex banks economic development initiatives designed for re-positioning entrepreneurship and agricultural production in Jigawa state.

Lagos chamber: Central bank lending rate will normalise credit market, economic growth

Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.

Forex: Central bank injects $298.71 million into retail market

The Central Bank of Nigeria (CBN) says it has made another intervention of 298.71million dollars in the retail Secondary Market Intervention Sales (SMIS).

Labour dialogues with Ecobank over contract workers

Members of the organized labour under the aegis of the Nigeria Labour Congress (NLC) have entered into dialogue with Ecobank over the Bank’s non-renewal of the contract of its third party recruitment agencies.
Japan’s Bitpoint is the latest cryptocurrency exchange to be hit by a hack targeting its holdings; the exchange says around 3.5 billion yen ($32 million) of funds were stolen, with 2.5 billion yen of that belonging to customers.

Bitpoint cryptocurrency exchange loses $32 million in hack

Japan’s Bitpoint is the latest cryptocurrency exchange to be hit by a hack targeting its holdings; the exchange says around 3.5 billion yen ($32 million) of funds were stolen, with 2.5 billion yen of that belonging to customers.

Central bank, service chiefs collaborate to enforce executive order

The Central Bank of Nigeria (CBN), the Service Chiefs and heads of paramilitary agencies are closing ranks to tackle smuggling and dumping of textiles in Nigeria, currently robbing the country of billions of naira in revenue.
Guaranty Trust Bank | GTB | GTBank

GTBank named Best Bank in Africa at Euromoney awards

Foremost African financial institution Guaranty Trust Bank plc has been named the Best Bank in Africa 2019 by Euromoney at its annual Awards for Excellence, which held in London on Wednesday, July 10, 2019 at the London Hilton Hotel, Park Lane.

CBN: Abusing Naira notes is a criminal offence

The Central Bank of Nigeria (CBN), has appealed to Nigerians to stop defacing the naira, describing it as a national identity and symbol, which must be kept neat.

Central bank to limit daily deposits to boost lending

Nigeria plans to limit daily bank placements with the central bank and the interest paid on them, in an effort to boost credit in Africa’s biggest economy.

Ecobank denies sack of full-time workers

Ecobank Nigeria says it has not sacked members of its fully employed workers as reported by some dailies.

Zenith Bank upgrades its mobile banking application

Zenith Bank Plc, has upgraded its mobile banking application to ensure its services are more aptly suited for the lifestyle needs of its customers.
Members of the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) on Thursday morning picketed the headquarters of Ecobank PLC on Ahmadu Bello way, Victoria Island in Lagos over alleged non-payment of severance allowance to over 900 staff who were sacked by the bank recently.

Bank union pickets Ecobank over alleged non-payment of severance allowance for sacked 900 staff

Members of the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) on Thursday morning picketed the headquarters of Ecobank PLC on Ahmadu Bello way, Victoria Island in Lagos over alleged non-payment of severance allowance to over 900 staff who were sacked by the bank recently.

Ecobank denies sacking bonafide workers

Ecobank Nigeria says it has not sacked some of its real workers as reported by some dailes.

Central bank intensifies pressure on banks to lend to the economy

In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.
Debt Management Office (DMO)

Nigeria’s total debt stock rises to N24.9 trillion in first quarter of 2019

Nigeria’s total public debt rose to N24.947 trillion as at March 31, from N24.387 trillion as at December 31, 2018, growing marginally by 2.30 per cent, the Debt Management Office (DMO) said.
Debt Management Office (DMO)

Nigeria’s public debt hits $81.27 billion

Nigeria’s total public debt that aggregates both external and domestic debt has ballooned to N24.947 trillion ($ 81.274 billion), according to a statement by the Debt Management Office (DMO) on Wednesday.
Phone SMS is used for more than just text messaging in Africa

Experts: Mobile phone triggers fundamental shift in financial services

Mines Nigeria Ltd., a telecom, media and tech business company, on Tuesday, said that mobile phones had triggered a fundamental shift in financial services.

Zenith Bank enables customers apply for Dubai visas

Zenith Bank Plc has introduced a new feature on its internet banking platform that allows customers apply for Dubai Visas and make the associated Visa Fee payment effortlessly.

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House of Reps to address grey areas in Electoral Act

House Leader, Alhassan Doguwa (APC, Kano), says the 9th House of Representatives will revisit the 2010 Electoral Act in order to address noticeable “grey areas” which affected the outcome of the 2019 general elections.
Paris Saint-Germain have signed Abdou Diallo from Borussia Dortmund, the French side announced on Tuesday.

Paris Saint-Germain announce signing of Abdou Diallo from Borussia Dortmund

Paris Saint-Germain have completed the signing of defender Abdou Diallo from Borussia Dortmund.

Governor Bello promises cassava revolution in Kogi

Gov. Yahaya Bello of Kogi has promised a cassava revolution in the state with the empowerment of 500,000 cassava farmers into the agric space.
Apostle Johnson Suleman

Apostle Suleman: Nigeria is sitting on a keg of gunpowder

General Overseer of Omega Fire Ministries International, Apostle Johnson Suleman, Tuesday, cautioned that Nigeria was sitting on a keg of gunpowder and step must be taken to avert looming crisis in the country.

NAPTIP arrests six suspected human traffickers

The Benin Zonal Command of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) on Tuesday, said it had arrested six persons for suspected human trafficking.