Bank Of England Unveils King Charles III Banknotes
The Bank of England has unveiled new banknotes bearing the portrait of King Charles III.. The unveiling is contained in the website of the apex bank this week. “We unveiled the design of our King Charles III banknotes on 20…
FG Flags cash withdrawal on all Public Accounts, raises withdrawal limits
The Federal Government is set to activate the stoppage of cash withdrawal from all public accounts with immediate effect. In place of cash withdrawals, public officers are to open domiciliary accounts in foreign and local currencies ahead of the commencement…
Cash Limit: CBN dismisses claims of hitting POS Agent Business
The Central Bank of Nigeria (CBN’s) Director of Banking Supervision, Mr. Mustafa Haruna, has averred during a live appearance on Channels Television’s Sunrise on Saturday, dismissed speculations that the introduced withdrawal limits would hinder operations of agent banking service providers….
Many Commercial Banks, ATMs yet to give out new naira notes
Getting to almost one week into the release into circulation of the newly designed denomination of N200, N500, and N1,000 by the Central Bank of Nigeria (CBN), many commercial banks are still paying bank customers with the old notes. Checks…
SEC approves NGX Technology Board Listing Rules
Nigerian Exchange Limited (NGX) is pleased to announce that the Securities and Exchange Commission (SEC) approved the Rules for Listing on NGX Technology Board on 15 December 2022. The NGX Technology Board is a specialised platform for technology-based companies to…
Digital banking surest way to sustainable financial inclusion –W’Bank Boss
The Managing Director/Chief Executive Officer of Wema Bank Plc, Ademola Adebise, has averred that all efforts should be channeled to deepening use of latest technologies and digital banking applications so as grow financial inclusion in the country. In a statement…
NGX charges inducted brokers to uphold ethics, continuous learning
The Nigerian Exchange Limited (NGX) has encouraged its newly inducted brokers to continue to uphold the high standard of ethics in the capital market and embrace a culture of continuous learning to keep up with the fast pace of developments…
Banks reconfigure ATMs, new naira enters circulation today
The newly redesigned naira notes will go into circulation on Thursday (today) with Deposit Money Banks releasing the bills to their customers via over-the-counter payments. This came about three weeks after the President, Major General Muhammadu Buhari (retd), unveiled the…
Ecobank Group earns $59.1bn via digital channels in 9 months
Leading pan-African banking giant, Ecobank Group said it recorded transactions valued at $59.1 billion across its digital channels in the first 9 months of 2022. The company disclosed this in its audited financial report for the 9-month ended September 2022….
Polaris Bank boss, Sonola harps on retraining of Banks’ IT Experts
Amidst claims and counter claims of sale of the financial institution by the apex bank of Nigeria, the Managing Director/Chief Executive Officer, Polaris Bank Limited, Mr Adekunle Sonola, has said audit professionals must begin to build and acquire IT and…
