Banking & Finance
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FG, States, LGs Share N574.668bn as revenue for January
The Federation Accounts Allocation Committee (FAAC) has shared a total of N574.668billion January 2022 revenue to the Federal Government, States…
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Titan Trust Bank takes over Union Bank
The Board of Union Bank of Nigeria Plc (Union Bank) notified the NGX and Securities Exchange Commission that its investors…
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CBN might takeover Heritage Bank over $32 million debt
Information reaching Brand Spur Nigeria has it that there is panic among shareholders, board, and management of Heritage Bank, as…
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Why Gold is the best hedge against inflation
Nigeria is currently suffering from hyperinflation and the World Bank has recently stated that the current economic realities have pushed…
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Wike warns banks
Governor of Rivers State, Nyesom Ezenwo Wike says no financial bank will be allowed to frustrate or delay delivery time…
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Nigeria: CSOs, BMOs to enjoy USAID’s $33m support
The U.S. Agency for International Development, USAID, launched a new activity that promises to enhance the ability of Nigeria’s civil…
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N25bn Profit after Tax: Union Bank recommends 25k Dividend
Following gross earnings of N156.9 billion, compared with N159.9 billion in 2019, Net interest income rise by 10.1 per cent…
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CBN releases details on cryptocurrencies ban
In a statement on Sunday, the Central Bank of Nigeria (CBN) has reacted to condemnations trailing the directive to Deposit…
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CBN directs Nigerian Banks to dishonour Old Cheques from January 2021
Nigerian banks migrate to new cheque standards, old ones expire 31 Dec. The new cheques with new standards effective 1…
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Wike sacks RIMA MD Ipalibo Sogules, two others over alleged fraud
The Managing Director of the State owned Micro Finance Bank, Ipalibo Sogules and two others have been sacked over alleged…
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