Category: Business
Domiciliary: No plan to convert currencies — CBN reveals
The Central Bank of Nigeria (CBN) has said it has no plan to convert foreign currencies in the domiciliary accounts of bank customers. The Director of Corporate...
FG recommences conditional cash transfer in Osun
Federal Government of Nigeria has recommenced the Conditional Cash Transfer to vulnerable persons in Osun State and also assured them that the backlog would also be paid...
Uzodinma shuts down First Bank, UBA, Access, others for obeying IPOB sit-at-home
Governor Hope Uzodinma of Imo State on Tuesday forces no fewer than five banks to shut down their operations in Owerri, the state capital. The governor sealed the banks...
Francis Atuche Loses N19.2bn As Court Freezes 24 Bank Accounts
Justice Lateefat Okunnu of an Ikeja High Court, Lagos has ordered the forfeiture and freezing of assets and funds belonging to the convicted former Managing Director of...
CAC Introduces New Forms Of Business Registration
The Corporate Affairs Commission (CAC) has commenced two new forms of business registration pursuant to CAMA, 2020. This followed the...
Digital currency: 9 Things You Need To Know About E-Naira
The Central Bank of Nigeria (CBN) introduced e-Naira after the ban on Cryptocurrency. It is a form of digital currency that allows exchange between people online. CBN...
DBN: N400bn Disbursed To Over 150,000 SME’s In 4 Years
The Development Bank of Nigeria (DBN) has stated that it has disbursed a total sum of N400 billion to small and medium enterprises (SMEs) in the...
Naira falls to N527 to dollar at parallel market
The naira on Monday weakened to new low of N527 to dollar in the parallel market. The local currency position represents N3 depreciation from N524 to dollar it closed...
Fidelity Bank Sacks 200 Employees After Tricking Them To Attend Training
One of the leading Nigerian financial institution, Fidelity Bank Plc has sacked over 200 workers via text messages, VAM News can authoritatively report. An investigation...
Ask account owners how they got money – EFCC orders Nigerian banks
The Economic and Financial Crimes Commission (EFCC) has advised bankers to ask their customers how they got money in their accounts. The Chairman, Abdulrasheed Bawa,...
