CBN depreciates naira to N410.25
The Central Bank of Nigeria depreciated the naira yesterday by N16.25 kobo depreciated in the Investors and Exporters (I&E) window.
CBN revokes operating licences of 42 microfinance banks
The Central Bank of Nigeria (CBN) has revoked the operating licences of 42 microfinance banks in the country.
The...
NDIC begins verification of 42 failed MFB depositors
The Nigeria Deposit Insurance Corporation (NDIC) says it has commenced the verification of depositors of the 42 MicroFinance Banks whose operating licenses...
CBN directs switches to stop processing local currency transfers into dom accounts
The Central Bank of Nigeria (CBN) has directed switches and processors to immediately cease all local currency transfers in respect to foreign...
Polaris Bank commences payout in US dollars to money transfer recipients
Polaris Bank has commenced payment of US dollars to all beneficiaries of money transfer across all its branches in Nigeria.
Again Naira Depreciates Against Dollar After Recovery
The naira recorded a loss against the dollar on Monday, December 7 2020 closing at N482/$1 at the parallel market.
GTBank Shareholders Approve Planned HoldCo Structure
The shareholders of GTBank Plc has approved the holding company structure for the bank, as they expressed excitement over the benefits they...
CBN devalues Naira, fixes dollar sale at N392
The Central Bank of Nigeria (CBN) has devalued the Naira by N6 to Dollar.
This brings the Naira closer...
Naira Crashes To New Record Low…See current Exchange Rate
The naira has continued to depreciate against the dollar after crashing to a new record low.
On Friday, November...
Bank customers to now pay for failed direct debit transactions
Nigerian bank customers will now pay a charge for failed direct debit transactions.
According to the Guide to Charges...
GTBank releases Q3 2020 unaudited results, reports a profit before tax of ₦167.4bn
Guaranty Trust Bank plc has released its unaudited financial results for the period ended September 30, 2020 to the Nigerian and London...
Next 100 Global Awards 2020: Stanbic IBTC Emerges Holding Group Category Winner
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has been declared the winner of the Holding Group Category of the...
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Buhari fires service chiefs, appoints replacements
President Muhammadu Buhari has sacked the service chiefs in the country with immediate effect.
He also appointed new hands...
NECO announces new date for 2020 SSCE
The National Examinations Council (NECO) has announced a new date for the 2020 SSCE External examinations.
The exam body...
Funke Akindele’s “Omo Ghetto’ Makes History, Becomes Highest Grossing Nollywood Movie
Nigerian movie star, Funke Akindele has recorded enormous success with her film, 'Omo Ghetto'.
According to NAN, “Omo Ghetto”...
‘You are a liar’ — Sunday Igboho blasts Babafemi Ojudu
Sunday Adeyemo, a youth leader better known as Sunday Igboho, has described Babafemi Ojudu, a presidential aide, as a liar.
