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The Board of Directors of Polaris Bank Ltd and Asset Management Corporation of Nigeria has appointed Mr Segun Opeke as an Executive Director.

Polaris Bank appoints Segun Opeke as executive director

The Board of Directors of Polaris Bank Ltd and Asset Management Corporation of Nigeria has appointed Mr Segun Opeke as an Executive Director.
Debates on revenue collections from Stamp Duties between Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST) was brought to a close as FIRS submitted that it was backed by law to collect stamp duties.

FIRS: Not all bank account owners expected to fill ‘self-certification’ forms

The directive by the Nigerian government for account holders in financial institutions to complete a new “self-certification” form is not for all bank customers, the Federal Inland Revenue Service (FIRS) and tax experts have clarified.
Debates on revenue collections from Stamp Duties between Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST) was brought to a close as FIRS submitted that it was backed by law to collect stamp duties.

Nigerian government apologizes for asking all account holders to re-register

The federal government on Friday apologized to Nigerians for asking all account holders in the financial institutions to re-register.
1. Paxful team with pupils in Rwanda

Paxful breaks ground on fourth in 100-school initiative

According to Ray Youssef, CEO, and co-founder of Paxful, “The #BuiltWithBitcoin initiative now supports over 400 students.” He highlights that through the 100-school plan, Paxful expects to bring education to nearly 15,000 young people throughout Africa while providing jobs to almost 300 teachers.

Deloitte fined £15 million over auditing failures at autonomy

Accountancy giant Deloitte failed to properly audit the accounts of software giant Autonomy ahead of its 11 billion-dollar sale to Hewlett Packard almost a decade ago, the accounting regulator has found.

Fintech firms launch open banking powered charity donations

Open Banking Excellence (OBE), Moneyhub Enterprise, and Streeva launch QR code-based open banking payments with automated Gift Aid today, providing people in the UK with another way to donate to charity.
China’s commercial banks saw a net forex settlement surplus of 553.1 billion yuan (about $78.6 billion) in the first half of this year, the country’s forex regulator said on Friday.

China’s central bank injects liquidity into market

China’s central bank on Thursday continued to pump cash into the banking system via reverse repos, to maintain liquidity.
The logo of the International Monetary Fund (IMF), is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS-Rodrigo Garrido

IMF to disburse $1 billion to Angola to address virus crisis

The International Monetary Fund (IMF) on Wednesday said it would disburse 1 billion dollars to Angola to address the impact of the coronavirus pandemic.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank okays N200 billion housing loan for low income earners

The Central Bank of Nigeria (CBN) has announced N200 billion mortgage finance loan to Family Homes Fund (FHF).
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Financial expert urges central bank to support banks

A financial expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to increase support for commercial banks to address the impact of the COVID-19 pandemic on the sector.

DMO: Nigeria owes World Bank N3.96 trillion

Nigeria’s highest external debt stock to a multilateral or bilateral financial institution is its $10.46bn (N3.965tn at the official rate of N379/$) indebtedness to the World Bank Group, latest figures from the Debt Management Office have shown.

Central bank told to stop giving forex for food imports

Nigerian President Muhammadu Buhari on Thursday directed the central bank to stop issuing foreign exchange for food and fertiliser imports, according to a statement by his spokesman.
Embattled President of African Development Bank (AfDB), Dr Adewumi Adesina, has survived a second round of investigation into his conduct, giving him a boost in his re-election bid next month.

AfDB approves $27.3 million virus response for AU

The African Development Bank’s board of directors has approved the sum of $27.33m in grants to boost the African Union’s efforts to mobilise a continental response to the COVID-19 pandemic.
The logo of South Africa's Standard Bank is seen above the company's headquarters in Cape Town, South Africa, file. REUTERS-Mike Hutchings-File Photo

South African bank profits seen taking years to recover from virus hit

Coronavirus-related bad debts have set South African banks’ profits back by around a decade or more and they are unlikely to recover for at least three years, two top executives told Reuters, as the economy struggles with recession.
Uganda’s central bank has introduced a new lending window for commercial banks that might encounter short-term liquidity challenges, it said on Tuesday, unveiling another tool to complement its main monetary policy instrument.

Uganda central bank sets up new window for lending to banks

Uganda’s central bank has introduced a new lending window for commercial banks that might encounter short-term liquidity challenges, it said on Tuesday, unveiling another tool to complement its main monetary policy instrument.

Nigerian banks debut quick response code payment in Ghana

The banks: Eco, Zenith and Fidelity; are among six banks in Ghana that initiated services to allow the public pay for goods and services through the universal Ghana Quick Response (Gh QR) code. The Ghana banks are GCB Bank, Bank of Africa, and the Agriculture Development Bank.

POS, Mobile transactions volume hits four-year high in Nigeria

According to the Principal Lead MasterCard Advisors for Sub-Saharan Africa, Bola Asiru, “POS transaction volume along with mobile transactions (Interscheme) value, reached four years high with N416 billion and N275 billion transactions in July respectively.
After taking a critical look at security challenges ravaging the country, a professional economist, Dr Felix Amieye-Ofori, has suggested that economic development will continue to elude Nigeria if the situation is not urgently addressed.

Insecurity, bane of Nigeria’s economic development – economist

After taking a critical look at security challenges ravaging the country, a professional economist, Dr Felix Amieye-Ofori, has suggested that economic development will continue to elude Nigeria if the situation is not urgently addressed.

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A popular Nollywood actor and producer, Bolaji Amusan has said Nigeria must remain together as one indivisible entity, warning politicians to watch their tongues.

Nollywood actor warns politicians not to divide Nigeria with utterances

A popular Nollywood actor and producer, Bolaji Amusan, has said Nigeria must remain together as one indivisible entity, warning politicians to watch their tongues.
Secretary to the Government of the Federation (SGF) and Chairman of the PTF on COVID-19, Mr Boss Mustapha, who raised the concern on Thursday during the daily press briefing by the task force in Abuja.

PTF warns against neglect of virus protocols

The Presidential Task Force (PTF) on COVID-19 has warned against perceived neglect of the non-pharmaceutical protocols and other measures aimed at tackling the spread of the Coronavirus (COVID-19) pandemic in the country.
Big Brother Naija, BBNaija, housemate Dorathy has disclosed why she and Lucy stopped being close friends in the house.

#BBNaija: Why I never supported Lucy, ended our friendship – Dorathy

Big Brother Naija, BBNaija, housemate Dorathy has disclosed why she and Lucy stopped being close friends in the house.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police arrest 80 ‘cultists’, recover ‘weapons’ in Anambra

The Anambra State Po­lice Command Monday announced arrest of 80 suspected cultists and al­legedly recovered arms and ammunition.
Jesse Lingard is starting to feel like his old self again at Manchester United, with the 26-year-old having enjoyed a welcome return to form over recent weeks.

Jesse Lingard issues come-and-get-me plea to Jose Mourinho

Jesse Lingard is considering his Manchester United future after being ‘frozen out’ of the team’s opening Premier League tie against Crystal Palace.