Finance

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 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.

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

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.

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.

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.

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.

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

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.

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

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.

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.

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.

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 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.