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Tag: banks

Explosion Rocks Gas Station Behind Pastor Adeboye’s RCCG Camp

Redeemed Christian Church of God (RCCG)
The explosion caused panic among residents as they ran for safety. Videos and pictures of a huge gas explosion around the Redeemed Christian Church of God (RCCG) camp in OgunRead More

CBN’s Crackdown On Cryptocurrency Trading Results In N1.314bn Fines For Six Banks In 2021

Central Bank of Nigeria (CBN)
It emerged yesterday that six banks were fined N1.315 billion by the Central Bank of Nigeria (CBN) in the 2021 financial year, for failing to comply with regulations prohibiting theirRead More

Singapore Imposes Sanctions On Russian Banks, Places Ban On Importation Of Selected Items

Singapore Imposes Sanctions On Russian Banks, Places Ban On Importation Of Selected Items
Singapore on Saturday imposed a ban on Russia over it’s invasion of Ukraine, placing restrictions on operations of four banks and an export ban on electronics, computers and military items.Read More

We Have Sufficient Funds To Pay Distressed Banks’ Depositors, Says NDIC

Nigeria Deposit Insurance Corporation (NDIC)
The Nigerian Deposit Insurance Corporation (NDIC) has said it has sufficient funds to pay depositors whose monies were trapped in 23 distressed banks across the country. Managing Director, NDIC, BelloRead More

House Bill Seeks 15 Years Imprisonment, N25m Fine For Bank Staff Over Non-disclosure Of Assets

House of Representatives
Introduces proposed legislations on gun control, victims’ restitution The House of Representatives has introduced a bill seeking an amendment to Bank Employees (Declaration of Assets) Act, 2004 to reflect currentRead More

Court Stops Obaseki From Enforcing Compulsory COVID-19 Vaccine Directive

Law court
A Federal High Court in Rivers State has granted an order restraining Edo State Governor, Godwin Obaseki and Edo government from enforcing a directive that all residents who have notRead More

CBN Increases Forex Allocation To Banks

Central Bank of Nigeria (CBN)
The Central Bank of Nigeria (CBN) yesterday announced the increase of foreign exchange (forex) allocations to banks to meet the requests of customers, particularly travellers, seeking forex for travel allowances,Read More

Zenith, UBA Lead As Banks Lend N760bn To Customers

United Bank for Africa (UBA) Plc and Zenith Bank Plc
Eight banks gave out loans and advances worth N760 billion in the first quarter (Q1) of 2021 in a bid to stimulate economic growth constrained by numerous headwinds, according toRead More

CBN Sensitizes Nigerians On Products, Policies

Central Bank of Nigeria (CBN)
The Central Bank of Nigeria (CBN) on Thursday took its awareness campaign on its products and interventions to Sokoto and Kebbi State. Speaking at the fair with the theme: PromotingRead More