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CBN to Introduce Bank Cash Hubs, Releases Guideline

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The Central Bank of Nigeria (CBN) has released a draft guideline for the registration and operation of Bank Neutral Cash Hubs (BNCH), which are...

World Bank partners mining office to digitalise licence application

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The Director-General of the Nigeria Mining Cadastre Office, Obadiah Nkom, said that his agency has partnered with World Bank to upgrade its system for...

World Bank projects N4tn 2022 fuel subsidy, experts predict more loans

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The Country Director, World Bank, Shubham Chaudhuri, says Nigeria’s decision to postpone the full deregulation of the downstream sector of the petroleum industry by...

Trial begins in N42m case between Bank, firm’s directors

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Trial has begun in the case filed by First Bank of Nigeria against a local firm, Read Agricultural Manufacturing Industry Limited (in receivership), and...

Bank chief tasks firms on clean energy

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Organisations have been urged to migrate to cleaner energy sources for their operations because of its capacity to reduce the impact of emissions on...

Sterling Bank set to reward young tech founders in HEART sectors

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Sterling Bank Plc, has concluded arrangement to organise an award, known as the Sterling Heart Fellowship Award, for young tech founders whose businesses employ...

Sterling Bank set to award young tech founders in HEART sectors

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Sterling Bank Plc, has said it will organise an award, known as the Sterling Heart Fellowship Award, for young tech founders whose businesses employ...

Gbajabiamila proposes Education Bank, students loan scheme

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THE Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has called for the setting up of an Education Bank that will provide interest-free...

Is church in Nigeria not business?

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By FRED CHUKWUELOBE Pastor Tunde Bakare borrowed N4.5bn from Wema Bank to build a state-of-the-art church with the hope to pay when the church grows....

Electricity, banking, aviation top 2021 consumer complaint chart – FCCPC

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The Federal Competition and Consumer Protection Commission (FCCPC) says electricity has again topped its 2021 consumer related complaints chart just like in 2020. The Chief...

Nigeria gets $98m Islamic bank loan for bilingual education

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The Board of Executive Directors of Islamic Development Bank has approved a multi-year financial facility programme of 98 million dollars for the promotion of...

Again, armed robbers attack Osun bank

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Armed robbers on Tuesday afternoon attacked a branch of Wema Bank in Iragbiji, Boripe Local Government Area of Osun State. As of the time of...

Wema Bank floats N40bn rights issue in September

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Wema Bank Plc says that the capital raising exercise of N40 billion will hit the market in September, barring unforeseen circumstances. The bank’s Deputy Managing...

CBN Bans Sales Of Dollars To Bureau De Change Operators

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Godwin Emiefele, governor of the bank, announced the ban at a press briefing which held after a meeting of the Monetary Policy Committee of...

Robbers attack top musician Tee Mac in Lagos, bank account emptied

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Dare-devil armed robbers have attacked Nigeria's popular musician and renowned flutist, Tee Mac Omatshola Iseli in Lagos. The incident happened earlier today (Friday) at about...

CBN debunks report on planned nationalisation of Unity Bank

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The Central Bank of Nigeria has denied planning to nationalise Unity Bank Plc as alleged by an online news medium. Reacting to the report, the...

Ecobank Group’s Q1 profit rises to N40.3bn

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Ecobank Transnational Incorporated, on Tuesday, said its profit before tax rose by 22 per cent to N40.3bn in the first quarter of 2021. It disclosed...

Gunmen invade bank, hoist Biafran flag in Anambra

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AWKA - No fewer than 10 gunmen invaded one of the banks in Anambra on Thursday and hoisted Biafra flags after destroying vehicles in...