The Central Bank of Nigeria (CBN) has stopped naira payment to recipients of diaspora remittances (dollar inflows) from International Money Transfer Operators (IMTOs). The customers are by a new regulation released on Monday, allowed to receive their funds through foreign currencies of their choice, including payment of the funds into domiciliary accounts. The new policy, contained in a circular signed ... Read More »

  Director of Radio Biafra, Nnamdi Kanu has been arrested by the police in Singapore. According to exclusive information from inside sources, Kanu was arrested 15 days ago, when he visited the country, and that is why he has not been able to broadcast for ove two weeks on Radio Biafra. The controversial Biafran activist, who claims to be the ... Read More »

  The Central Bank of Nigeria said on Monday that it had amended the procedures for receipt of diaspora remittances as part of its efforts to boost the foreign exchange market. It said this in a circular on entitled ‘Amendment to procedures for receipt of diaspora remittances,’ which was signed by Director, Trade and Exchange Department, Dr O. S. Nnaji. ... Read More »

… Wins Best Bank of the Year, International Bank of the Year Pan-African financial institution, United Bank for Africa (UBA) Plc, carted two highly coveted laurels at the BusinessDay’s Bank and other Financial Institutions Awards (BAFI) winning the Bank of the Year and the International Bank of the Year at the glamorous event held over the weekend. The bank beat ... Read More »

… BoT, NASS caucus divided The National Working Committee of the Peoples Democratic Party (PDP) has come under increasing pressure to declare its position on which of the zones will produce the party’s presidential flag bearer in the 2023 election. The situation is not helped by threats by more governors elected on the platform of the party to switch camps ... Read More »

Ecobank Nigeria has launched Smart Small And Medium Enterprise (SME) Agency Banking campaign targeted at empowering 100,000 entrepreneurs under the Ecobank SME and Agency Banking proposition. Emeka Agada, Head of SME, Ecobank Nigeria, said the initiative was introduced in line with the bank’s commitment to support the Federal Government and Central Bank Of Nigeria vision for financial inclusion across the ... Read More »

In the light of COVID-19, FirstBank has launched the FastTrack ATM, a Next Generation ATM and first of its kind in Africa, designed to promote financial activities on the ATM devoid of any form of physical interaction with the machine. The introduction of the FastTrack ATM which is done in partnership with Inlaks enables customers carry out cash withdrawals without ... Read More »

 Tunde Lawanson, Head, Marketing and Corporate Communications, FBN Holdings Plc, Ugochi Onuekwusi, Human Resources Officer, Rev. Oluwayomi Uteh, General Manager, Operations TREM, Oyinade Kuku, Head, Human Resources, FBN Holdings Plc and Douglas Elisha, Technical Assistant to the GMD, FBN Holdings Plc at The Great Place To Work Awards held at Marina, Lagos on Friday which had FBNHoldings winning the Best ... Read More »

Twenty-seven-year-old Felicia Nkemakolam Okpara, one of the ladies who were seen in a video that went viral being dragged into Barracks Police Station, on Friday narrated her ordeal before the Lagos State Judicial Panel of Enquiry and Restitution for Victims of Special Anti-Robbery Squad (SARS) Related Abuses and other Matters. Led by her lawyer, Ridwan Oke, she testified that she ... Read More »

The Federal Controller of Works, Lagos,  Olukayode Popoola, has announced that the total closure of the Third Mainland Bridge will be lifted at midnight on Monday, 24 hours ahead of schedule. Popoola told the News Agency of Nigeria on Sunday in Lagos that the total closure had to be lifted because the contractor was able to fast-track the delicate task ... Read More »