Home Topics Bank

Bank

Bitcoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency.

Bitcoin falls after Tesla stops car purchases with cryptocurrency

The price of Bitcoin, the world’s most popular cryptocurrency, has witnessed a significant fall after Tesla CEO, Elon Musk, tweeted on Thursday that the electric vehicle maker would suspend car purchases using Bitcoin.
Israeli troops massed at Gaza’s border on Thursday and Palestinian militants pounded Israel with rockets in intense hostilities that have caused international concern and touched off clashes between Jews and Arabs in Israel.

Israeli troops mass at Gaza border amid rocket fire, air strikes and clashes in...

Israeli troops massed at Gaza’s border on Thursday and Palestinian militants pounded Israel with rockets in intense hostilities that have caused international concern and touched off clashes between Jews and Arabs in Israel.
Vice-President Yemi Osinbajo says at least 1.5 million Nigerian families will benefit from the Federal Government’s social housing scheme in 24 states.

VP Osinbajo: Nigerian government democratising broadband connectivity

It’s the first in sub-Saharan Africa and one of the three such cutting-edge facilities on the continent, with top prime global certifications for smart card manufacturing and it is based in Lagos, Vice President Yemi Osinbajo, SAN, relished yesterday afternoon while touring SecureID company’s premises, and affirmed Nigeria’s extremely bright economic future, which he said cannot be aborted despite current challenges.
The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Nigerian banks slash dollar-cash deposits to $5,000 monthly

Nigerian banks have reduced the amount of United States dollars customers can pay into their domiciliary accounts from the previous $10,000 to $5,000 monthly.
8. Minister of State, Budget and National Planning, Prince Clem Agba

Nigerian government appoints new coordinator for NG-CARES support unit

The Federal Government has appointed Dr Abdulkarim Obaje, as the National Coordinator, Federal CARES Support Unit, Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES).

NSIA chief: How we tripled profits in 2020

The Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Mr Uche Orji, Tuesday disclosed that the organisation which manages the country’s sovereign wealth fund tripled its profits in 2020.
British professional boxer Tyson Fury has taken his row with the British Broadcasting Corporation over being nominated for Sport Personality of the Year, a notch higher.

Tyson Fury yet to sign Anthony Joshua contract amid amid talk of back-up plan

Tyson Fury’s promoter, Frank Warrren, has explained why the Gypsy King is yet to sign off the final arrangements of his fight with Anthony Joshua.
FILE PHOTO - A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS-Yuriko Nakao-File Photo

US dollar share of global forex reserves drops to 25-year low

The share of United States dollar reserves held by central banks across the world fell to 59 per cent—its lowest level in 25 years, during the fourth quarter of 2020.

CBN disburses N83 billion loans to healthcare sector

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, said the central bank had disbursed over N83.9 billion to pharmaceutical and healthcare practitioners in the country since the outbreak of the COVID-19 pandemic in the country.
Governor Godwin Obaseki of Edo state has charged governments at all levels to prioritise agriculture and adequately harness the untapped potentials of the sector to fast-track economic growth and development.

Edo to spend N3 billion on economic recovery programme

Edo state government will spend over N3 billion to implement the Covid-19 Action Recovery and Economic Stimulus Programme.

CBN governor: CACOVID’s relief support hits N25 billion

The efforts by the private sector Coalition Against Covid-19 led to the provision of N25bn relief materials to affected households, the Central Bank Governor, Godwin Emefiele, has said.
Governor Okezie Ikpeazu of Abia State has approved the deployment of modern technology in the security system to fight crimes in the State.

Abia governor distributes business name certificates to SMEs

Gov. Okezie Ikpeazu of Abia on Friday began the distribution of business name certificates to Small and Medium-Scale Enterprises (SMEs) to boost wealth creation and development in the state.
New revelations have emerged that JPMorgan Chase & Co was warned by its compliance team over the “great risk” of corruption just days before it made the last of three transfers that totaled $875 million to a former Nigerian oil minister, Dan Etete.

JPMorgan memo warned $875m payment to Dan Etete was graft risk

New revelations have emerged that JPMorgan Chase & Co was warned by its compliance team over the “great risk” of corruption just days before it made the last of three transfers that totaled $875 million to a former Nigerian oil minister, Dan Etete.
Union Bank of Nigeria (“UBN”) was established in 1917 and is one of Nigeria’s long-standing and most respected financial institutions, offering a portfolio of banking services to individuals, SMEs, commercial and corporate clients.

Zenith, Access Banks express interest to acquire Union Bank

Two Nigerian lenders – Zenith Bank Plc and Access Bank Plc – are among the list of financial institutions from Africa and the Middle East that have indicated an interest in the acquisition of Union Bank Plc and other African assets of Atlas Mara Group, a Pan-African banking group.
L-R: Katsina state Governor, Honourable Bello Masari. Kebbi’s state Governor, Senator Atiku Bagudu, Governor, Central Bank of Nigeria, Godwin Emefiele and President, Maize Farmers Association Bello Abubakar Annur (with Reflective jacket) at the Flag- off of the National Maize harvest and Loan Recovery and launching of 2020/2021 Dry Season Maize Farming in Katsina on Thursday, May 6, 2021

CBN governor vows to block maize importation

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Thursday vowed to resist importation of maize as Nigerians have the capacity and capability to grow the crop locally to meet consumption demand.
The Lagos Commodities and Futures Exchange (LCFE) has concluded plans to admit Dukia Gold‘s diversified financial instruments, backed by gold as the underlying asset in a sector worth over N300 trillion.

Lagos commodities exchange set to list first gold instrument

The Lagos Commodities and Futures Exchange (LCFE) has concluded plans to admit Dukia Gold‘s diversified financial instruments, backed by gold as the underlying asset in a sector worth over N300 trillion.
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.

CBN extends deadline for dollar for naira promo

The Central Bank of Nigeria has extended the deadline for its Naira 4 Dollar Scheme indefinitely.
Access Bank Plc has urged its customers and the general public to disregard social media report of its shutting 340 branches nationwide.

Grobank formally becomes Access Bank South Africa

Following the completion of all regulatory procedures, Grobank Limited has been officially renamed Access Bank South Africa Limited. The deal was finalised after Access Bank’s acquisition of controlling shares in the former Grobank Limited, South Africa.
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.

CBN: South-east unwilling to access credit facilities

The Central Bank of Nigeria (CBN) has expressed worry over the show of indifference by those in the South-east in accessing several credit facilities made available by the apex bank.
People wait to cremate victims who died due to the coronavirus disease (COVID-19), at a crematorium ground in New Delhi, India, April 23, 2021. REUTERS-Danish Siddiqui

India posts record daily rise in coronavirus deaths

India's coronavirus deaths rose by a record 3,780 during the last 24 hours, a day after it became the second country to cross the grim milestone of 20 million infections after the United states.
Myanmar's United Nations ambassador Kyaw Moe Tun addresses the U.N. Human Rights Council in Geneva, Switzerland, March 11, 2019. REUTERS/Denis Balibouse/File Photo

Myanmar’s U.N. envoy tells U.S. lawmakers more sanctions needed

Myanmar's ambassador to the United Nations told the U.S. Congress on Tuesday that Washington should target the state-run Myanmar oil and gas company and a state-owned bank with sanctions.
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.

Electricity consumers praise central bank for N120 billion power intervention

As a part effort to support and grow revenue of the power sector, the Central Bank of Nigeria, CBN, last week disclosed that it has disbursed about N3.6 billion for procurement of pre-paid meters to stabilise the billing system in electricity consumption in Nigeria as part of its N120.2 billion investments in distribution companies, DisCos, for infrastructure capital expenditure.

Recent Stories

President Muhammadu Buhari has approved the re-appointment of Hadiza Bala Usman as Managing Director of Nigerian Ports Authority (NPA), for additional five-year tenure.

Suspended NPA boss: Truth will always triumph

The suspended Managing Director of Nigerian Port Authority, Hadiza Bala Usman on Thursday said that truth will always triumph.
Benue State Governor, Samuel Ortom has expressed deep sadness over the deaths of his Special Adviser on Local Government and Chieftaincy Affairs, Mr. Jerome Torshimbe, and his Personal Assistant on Special Duties, Mr. Famous Adejo.

Benue governor: Opposers of Southern governors ban on open grazing have hidden agenda

Governor Samuel Ortom of Benue State on Thursday said any Nigerian opposed to the Southern Governors’ decision banning open grazing of cattle has a hidden agenda.
Commissioner of Police in Cross River State, Sikiru Kayode Akande, has raised the alarm that intelligence sources have confirmed massive infiltration of strange characters and suspected criminals.

Police alarmed at criminal infiltration into Cross River

Commissioner of police in Cross River State, Sikiru Kayode Akande, has raised the alarm that intelligence sources have confirmed massive infiltration of strange characters and suspected criminals.
The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN,

AGF: Nigerian government set to prosecute 400 Boko Haram financiers

The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN, on Thursday, said the Federal Government would prosecute 400 suspected Boko Haram financiers.
Nigeria’s renowned musicians, Innocent ‘2Baba’ Idibia and Chike, ‘boo of the booless’ crooner, are to perform at the launch of the Nigerian Exchange Group (NGX Group) Plc’s campaign.

2Baba, Chike to perform at NGX Group’s launch

Nigeria’s renowned musicians, Innocent ‘2Baba’ Idibia and Chike, ‘boo of the booless’ crooner, are to perform at the launch of the Nigerian Exchange Group (NGX Group) Plc’s campaign.

Most Popular

The caucus, in a statement by its Leader, Hon. Ndudi Elumelu, called on President Buhari to without further delay, inaugurate a governing board for the NDDC as required by the Act establishing the commission.

House minority caucus wants EFCC to investigate suspended NPA boss

The Minority Caucus in the House of Representatives has called for the involvement of the Economic and other Financial Crimes Commission (EFCC) in the investigation of Nigerian Ports Authority (NPA)’s alleged N165bn non-remittance and other allegations.
Jose Mourinho will not be rushing back into management, with the Portuguese claiming that a return to the dugout in 2021-22 may be premature as he continues to mull over his options.

Serie A: Jose Mourinho arrival in Rome marked with ‘Special One’ ice cream

Jose Mourinho’s appointment as AS Roma coach has been commemorated in true Italian style – with his own flavour of ice cream.
In a statement on Friday signed by its spokesperson, Abdul-Azeez Suleiman, CNG dismissed the news of an impending coup as a smokescreen intended to divert attention from the failure to acknowledge the huge demands been made for the President to address serious shortfalls in the nation’s policing and security institutions.

Northern group: President Buhari’s coup story a smokescreen

The Coalition of Northern Groups, CNG, has faulted the recent statement by the government of President Muhammadu Buhari that points to a planned incitement to mutiny, describing it as unhelpful, and doubtful fabrication of a coup story.
National Leader of the ruling All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, also known as the “Lion of Bourdillon” appears set to roar into action as the race for the 2023 presidential ticket of the ruling party in the country begins in earnest.

Eid-el-Fitr: Senator Tinubu urges Nigerians to put politics aside, pray for President Buhari

All Progressives Congress chieftain, Bola Tinubu, has urged Nigerians to put politics aside and pray for President Muhammadu Buhari for strength and wisdom to protect the nation.
Lagos lawyer and human rights activist, Femi Falana

Femi Falana urges African leaders to invest more in public health

A senior lawyer and rights activist, Mr Femi Falana, SAN, has urged African leaders to increase investment in the area of public health so as to better tackle current and future health challenges in the continent.