CBN denies Claims On Capacity of NSPMC Plc, says no plan to shut any bank
The attention of the Central Bank of Nigeria (CBN) has been drawn to a misleading report misquoting the Governor, Mr. Godwin Emefiele, as attributing the current challenge in the distribution of the newly redesigned naira banknotes to a shortage of…
Just in: FG Directs CBN to either flood new notes, or re-inject old ones
In view of the unprecedented hardship being experienced by Nigerians in accessing their hard-earned money in banks, few minutes ago, the nation’s plum leadership body, the National Council of State Meeting issued an express directive to the Central Bank of…
How Access Bank SA deepened Best Business Banking Solutions in 2022
In its strategic financial news released from its London head office on Thursday, 26 January 2023, Capital Finance International (CFI) has named Access Bank South Africa the Best Business Bank in South Africa for 2022. In her response, Access Bank…
(Special Report) 10/02/23: Nigeria’s Day of Worst Banking Confusion
Today, February, 10, 2023 will go down in in Nigerian history as the day of banking confusion nationwide as everybody including Tom, Dick and Harry will attempt to bring to fore, his or her own interpretation of the recent Supreme…
Fidelity Bank names Pamela Shodipo Executive Director, South Directorate
Leading Nigerian financial giant, Fidelity Bank Plc, has announced the appointment of Mrs. Pamela Shodipo as Executive Director, South Directorate following regulatory approval by the Central Bank of Nigeria. The bank said the appointment is in furtherance of its strategic…
FMN hits the trillion-naira revenue mark in 9M
In 9M-23, FLOURMILL sustained the sturdy topline growth recorded since the start of the financial period and hit the trillion-naira revenue mark in 9M, reflecting the impact of (1) the food producer’s retail expansion and proactive pricing of its food…
More banks close branches over rising customer violence nationwide
A rising number of commercial banks suffering epileptic epayment channels services have joined Zenith, Ecobank and GTBank to momentarily shutdown services to avoid attacks on facilities and staff. There had been reports of vandalisation of banks’ facilities in some commercial…
Expert faults CBN logic of minting only 300bn worth of notes for mopped 3tn
Whereas the apex court of the land, the Supreme Court, Wednesday relieved Nigerians with its ruling that set aside the February 10 deadline for use of old naira notes, a Finance expert, Dr. Eugene Okwosa has argued that the Central…
Feb 10 Deadline: Legal luminaries divided on S’Court ruling interpretation
Whereas relief may be underway for Nigerians following the Supreme Court’s ruling on Wednesday that temporarily halted the move by the Central Bank of Nigeria (CBN) to ban the use of the old naira notes from February 10, 2023. Already,…
Just in: Supreme Court quashes Feb 10 deadline for old notes
Sign of relief is now on the air following the Supreme Court’s ruling on Wednesday that temporarily halted the move by the federal government to ban the use of the old naira notes from February 10, 2023. This ruling further…
