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…
Get ready, FG’s Bottom-Up Cash Planning Policy begins Feb 10
Barring unforeseen circumstances, the Federal Government will on February 10 unveil a new public finance management programme called Bottom-Up Cash Planning Policy. Business Hilights recalls that Bottom-up cash planning, as the name suggests, is the collection and aggregation of government…
Just in: Zenith Bank shuts down in states over collapsed epayment channels
Fact checks and reports across several states and major commercial cities in Nigeria have shown that Tier 1 financial institution, Zenith Bank Plc was shut down from rendering any form of services to its customers including the head office located…
Access Bank Unveils “Love is More” Campaign for Valentine Season
Africa’s largest banking giant, Access Bank Plc has flagged off a mouth-watering customer-centric promotion to celebrate its customers this Valentine season. Accordingly, the continental retail giant is offering several discounts and mouth-watering freebies on its retail products and services to…
PoS operators’ now buy old, new notes at filling station, restaurants
Whereas several Point-of-Sale (PoS) operators have closed their shops due to the scarcity of new and old naira notes, smarter ones have resorted to visiting filling stations and big restaurants in the evenings to mop up their daily sales by…
Shelter Afrique courts Actis, Shapoorji Pallonji in Africa housing deal
Nairobi- based pan-African housing development financier – Shelter Afrique is working on an affordable housing partnership deal with Actis – a global private equity investment firm and India’s real estate giant shapoorji-Pallonji. Shelter-Afrique is a pan-African housing finance and development…
Just in: More crisis as Court seals chances of extending currency swap deadline
A High Court of the Federal Capital Territory (FCT), on Monday, restrained President Muhammadu Buhari, Central Bank of Nigeria (CBN), the Governor of CBN and 27 commercial banks from suspending, stopping, extending or interfering with the currency swap terminal date…
