It is difficult managing an economy in recession – CBN Governor, Emefiele
The Governor, Central Bank of Nigeria, Godwin Emefiele, has admitted that managing the nation’s economy at this moment is very difficult....
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Dangote acquires Gas processing company in the Netherlands
As part of its strategy to meet Nigeria’s gas requirements, Dangote Industries Limited (DIL) has recently completed the acquisition of...
Wema Bank releases N221m to Lagos Judiciary for new archive and probate registry
Wema Bank Plc. has supported the Lagos State Government and the Justice Research Institute Ltd. with N20 million to deliver a...
No Nigerian Bank is undercapitalised – CBN
The Central Bank of Nigeria (CBN) has said that there is no truth in a report that seven Nigerian banks are undercapitalised. The...
CBN suspends all commercial Banks except First Bank from selling dollar proceeds
Nigeria’s apex bank, Central Bank of Nigeria, CBN, has suspended all the banks in the country from selling dollar proceeds of...
Senate seeks merger of Bank of Industry, other Development Banks over non-performance
The Senate on Wednesday sought for the merger of the Bank of Industry (BoI) and other development banks that have been moribund for quite...
UBA grows profit to N62billion in nine months
Leveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (“UBA” or “the Bank”), announced its unaudited...
European Investment Bank, UBA agree record €60m new private sector investment programme
The European Investment Bank and United Bank for Africa (UBA) have agreed a new EUR 60 million lending programme to support private...
Wema Bank celebrates its customers
The bank kicked off the celebration at one of its newly remodeled branches at Admiralty Road, Lekki, Lagos where the Managing Director,...
FG, World Bank, others reach agreement for Nigeria’s Development Bank
The Minister of Finance, Kemi Adeosun, with the Governor of Central Bank of Nigeria (CBN), made the fact known at a joint press briefing...
Travelex sells dollar to travelers at N356
According to the News Agency of Nigeria (NAN) the firm’s office inside the Murtala Muhammed International Airport, Lagos terminal was...
Recession: IMF asks Nigeria, others to take interest-free loans
The Managing Director, IMF, Christine Largade, said this on Thursday in Washington DC, United States, at the ongoing annual meetings of...
MTN: Standard Chartered Bank reacts to alleged involvement in repatriation of funds
Recall that Nigeria Senate on Tuesday directed its Committee on Banking, Insurance and Other Financial Institutions to investigate the...
Samsung complies with CPC’s directive on recall of Galaxy Note 7 devices
DAILY POST recalls that the council had given the company a seven-day ultimatum for it to provide information on the full status of its...
Wema Bank partners with Bank of Uganda on performance management
Speaking on the BoU’s decision to take a cue from Wema Bank’s Performance Management System, Mrs Agnes Kamya Kijjambu, who led the...
Sage Africa says proposed Communication Tax may raise cost of doing business
Speaking last month at a function organized by the Lagos Chambers of Commerce and Industry, LCCI, the Minister of Communication, Bayo...
What hinders long term loans by banks – Nnamdi Okonkwo, Fidelity Bank MD
Fidelity Bank MD, Nnamdi Okonkwo Banks deposits are mainly short-term in nature and lending funds to customers for long-term can lead to...
Nigeria will come out of recession before December – CBN Governor, Emefiele
Emefiele Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has expressed optimisms that Nigeria will come out of the current...
Recall of Samsung Galaxy Note 7: CPC gives 7 day ultimatum for status report
Following reports of explosion of dozens of Samsung Galaxy Note 7 while charging, the Consumer Protection Council (CPC) has issued a...
NOA, CBN to sensitize Nigerians over abuse of Naira
The NOA Director in Sokoto, Alhaji Abubakar Danchadi, made the disclosure in an interview with the News Agency of Nigeria (NAN) in Sokoto...
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