Monday, November 19, 2018
Business

Business

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The Senate has urged the Central Bank of Nigeria (CBN) to look into the suspension of the Automated Teller Machine (ATM) maintenance and withdrawal charges by banks. This was after a motion on "illicit and excessive charges by Nigerian banks...
The National Industrial Court, sitting in Ikoyi, Lagos State on Monday voided the termination of employment of Arese Alonge, declaring her a subsisting Executive Director of Unity Bank. The court ordered the bank to pay all entitlements and benefits that...
At the Bureau De Change (BDC), the naira was sold at N360 to the dollar, while its rates against the Pound Sterling and the Euro were N478 and N417, respectively. At the investors’ window, the naira closed at N364.12 against...
The Asset Management Corporation of Nigeria (AMCON) says it plans to sell Polaris Bank within two years. Ahmed Kuru, chief executive officer, AMCON, said this in an interview with Bloomberg in Lagos. The Central Bank of Nigeria (CBN) had...
Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has taken another bold step towards service efficiency and enhanced customer experience with the deployment of robots to drive various dimensions of its operations. Deployed about three months ago,...
In commemoration of the 2018 Global People’s Summit, Stanbic IBTC Bank, in collaboration with Creative Youth Community Development Initiative (CYCDI), and Covenant University, Ota, over the weekend engaged the youth on better understanding of the United Nations (UN) Sustainable...
The Minster of State for Petroleum, Ibe kachukwu, has said that it would be sad if the nation’s refineries are not functional by the end of 2019. According to him, the present administration is committed to ensuring that the importation...
Thousands of pre-paid meters will be rolled out in Lagos State to combat the menace of estimated billing which has been massively opposed. Ikeja Electric, one of the major electricity distribution companies (DisCos) in Nigeria, says it is deploying 85,000...
The Central Bank of Nigeria (CBN) yesterday gave a notification to revoke the operating licences of 154 microfinance banks in the country. According to Punch newspaper, six primary mortgage banks and 22 other finance companies would receive similar notification from...
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the Nigerian economy are putting the country’s exit from recession under threat. Nigeria’s economy exited recession in 2017 after...
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