Banking & Finance
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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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CBN, Bankers’ Committee suspend mass sack in Banks
Following outcries from citizens over the planned retrenchment of workers in the banking sector, the Central Bank of Nigeria and…
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Access Bank to shutdown Ikoku, Trans Amadi, UNIPORT, UST, Over 300 branches
One of the leading financial institution in Nigeria has announced that it will shutdown 346 branches nationwide. This according to…
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EU gives Nigeria €50 million (N21 billion) to fight COVID-19
The European Union (EU) has given a grant to Nigeria to assist in the fight against the coronavirus. Disclosing this…
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COVID-19: Union Bank shuts down operations
Union Bank of Nigeria has directed its staff to work from home over the COVID-19 pandemic. Announcing the shut down…
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