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EXPLAINED: CBN’s powers to seize bank account of criminals
Reports across major news outlets in Nigeria reveal the central bank is seeking sweeping powers to freeze bank accounts “linked to criminals” in the country. It expects the powers to be…
GTBank Named in Euromoney Excellence in Leadership Awards for Covid-19 Response
......Wins Award for Nigeria’s Best Bank for a record 10th time Guaranty Trust Bank Plc has been awarded the Euromoney Excellence in Leadership Africa Award, a premier award category set up…
Jaiz Bank pays shareholders ₦884m maiden dividends
Shareholders of Jaiz Bank Plc, will receive their first ever dividend payment since the bank began operation. Shareholders of Jaiz Bank on Thursday approved the Bank’s proposed…
Dangote Cement’s ‘Bag of Goodies’Promo Season 2 to Produce Nine Millionaires Daily for Four Months
To reward consumers and improve the livelihoods of its consumers around Nigeria, Dangote Cement Plc yesterday unveiled plans to produce an astonishing nine millionaires daily in its…
EXPLAINER: How the policy on settling loan defaults with funds in other banks will work
The Central Bank of Nigeria (CBN), on Monday, released a policy that would allow banks to settle loan defaults with the customers’ deposits in other banks.…
CBN asks Senate for power to freeze criminals’ accounts
The Central Bank of Nigeria (CBN) has approached the Senate to grant it powers to freeze accounts linked to crime suspects. The CBN made the appeal on Wednesday at a Senate Committee…
Trump claims credit for making UK ban Huawei
U.S. President Donald Trump said he was responsible for Prime Minister Boris Johnson’s decision to ban Huawei from Britain’s 5G network. Johnson on Tuesday ordered Huawei…
First City Monument Bank Announces The FCMB Agritech EPIC Pitch 2020, In Partnership With Passion…
Committed to “Redefining and repositioning Agricultural value chains during and post the COVID-19 era” The agriculture sector in Nigeria and the larger African continent faces a…
UK bows to U.S. pressure, bans Huawei from 5G Network
Bowing to U.S. pressure, UK Prime Minister Boris Johnson ordered Huawei equipment to be purged completely from his country’s 5G network by 2027 Britain’s National Security Council…
CBN Directs Banks to Stop Processing Maize Import Documents
The Central Bank of Nigeria (CBN) has asked banks and other authorised dealers to henceforth discontinue processing documents for maize and corn importation. The move is part of…
Banks to debit debtors’ accounts directly
The Central Bank of Nigeria (CBN) has released guidelines on Global Standing Instruction (GSI) that would enable banks to debit account of loan defaulters without recourse to…
Bag of Goodies Promo: Past Star Prize Winners Eagerly Await Season 2 Kick-off
…Commend Dangote for transforming their lives Previous winners of star prizes in the Bag of Goodies national consumer promo Season 1 done by Dangote Cement Plc in 2019 have expressed huge…
Nigeria’s unclaimed dividends hit N158.44bn in 2019
The total unclaimed dividend figure in the Nigerian capital market stood at N158.44 billion as of December 2019, the News Agency of Nigeria (NAN) reports. Data obtained exclusively…
Alibaba’s Jack Ma sells $8.2 bn worth shares, stake dips to 4.8%: filing
Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8 per cent from 6.2 per cent, cashing out around 8.2 billion dollars at its current share…
Elon Musk now richer than Warren Buffett
South Africa-born Tesla founder Elon Musk is now richer than the Oracle of Omaha, Warren Buffett. Elon Musk, the SpaceX man rocketed past Buffett after his Tesla stock surged 10.8%…
NSIA to increase exposure to local investments
The Nigerian Sovereign Investment Authority (NSIA) says it will increase the quota of funds it invests locally from 40 percent to 50 percent. Uche Orji (pictured), NSIA managing director,…
Unease in GTBank… Who Takes Over From Segun Agbaje as Retirement Looms?
…How he is fighting high profile debtors head on The clock is fast ticking. Years have gradually thinned into months and now, weeks. By 2021, Segun Agbaje would statutorily cease…
Actor Robert de Niro suffers financial loss due to COVID-19
American actor, Robert de Niro has revealed that he is suffering financial losses due to the coronavirus (COVID-19) pandemic. The 76-year-old movie star had to even cut…
South Africa’s Borrowing Costs Now Surpass Nigeria’s
South Africa now pays more than Nigeria to borrow in local currency. This, according to a report by Bloomberg, is a sign of South Africa’s fiscal woes as for the first time…
Nigeria Stock Exchange warns investors on shares of 13 firms
The Nigerian Stock Exchange (NSE) has urged investors to trade with caution on the shares of 13 companies for failing to submit financial statements without any explanation. Newsmen report that the affected companies include Aso…
Face mask can cause failed ATM transactions – Banks
Banks have advised customers to remove their face masks when carrying out transactions through Automated Teller Machines to ensure that their faces are properly recognised. Findings revealed…
Access Bank begins acquisition talks with another bank
Nigerian lender, Access Bank Plc, is planning to acquire another financial institution as part of its aggressive expansion drive. The company, which intends to be one of the biggest banks in…
Dollar falls as China’s yuan leads
The dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S.…
Segun Agbaje elected into PepsiCo Board of directors
Segun Agbaje, the Managing Director of Guaranty Trust Bank of Nigeria has been elected as an independent member of the Board of Directors of PepsiCo, the American owners of popular…