Online News Magazine
Online News Magazine
Stanbic IBTC Bank Plc, a member of Stanbic IBTC Holdings Plc, has announced its upcoming Women-in-Tech event. Themed “Embracing Equity: Building Digital Skills for Life”, this event is the third edition and is set to hold virtually. The Women-in-Tech event aims to promote women’s growth and development in technology and create a platform for networking, […]
The Senate has approved a request by President Buhari to restructure the N22.7 trillion loans the Central Bank of Nigeria (CBN) extended to the federal government by Ways and Means. The request was sent to the Senate in December 2022. The Senate Leader, Ibrahim Gobir, on Wednesday led the Senate in the debate for the […]
The Central Bank of Nigeria has disclosed that only 57.4 million Nigerians have Bank Verification Number. The BVN project was launched in collaboration with the Nigerian Interbank Settlement System (NIBSS), bankers committee, and all Nigerian deposit money banks in February 2014. The aim of the project was to uniquely identify customers of Nigerian banks, reduce […]
President Muhammadu Buhari has granted approval for partial exclusion of the Ministry of Finance Incorporated (MOFI) from the operation of Treasury Single Account (TSA). TSA is the single account where all the federal government’s revenue are kept. Buhari also granted the request of the Board of MOFI to charge management and transaction fees and the […]
The Central Bank of Nigeria (CBN) says there are no plans to phase out the redesigned Naira notes from circulation. A report had emerged that the apex bank may phase out the new notes over scarcity. CBN’s Acting Director, Corporate Communications Department, Dr Isa AbdulMumin, in a statement in Abuja on Sunday, clarified that such […]
In an avowed drive to further deepen the capital market and attract more young people to the market, the need to embrace fintech has again been emphasised. This was stated by the Director General Securities and Exchange Commission, Mr. Lamido Yuguda during the Supernews Nigeria Fintech Conference held in Lagos Thursday. Yuguda who was represented […]
In line with its mandate of deposit guaranty and reimbursement of depositors in the event of bank failure, the Nigeria Deposit Insurance corporation (NDIC) has commenced verification of insured depositors of Peak Merchant Bank in-liquidation towards payment of their insured sums. According to a release signed by the Director, Communication and Public Affairs, NDIC, Bashir […]
By Olalekan Fakoyejo The World Bank has recommended a single foreign exchange (Forex) market, urging Nigeria to do away with its multiple forex markets. In its latest ‘Macro Poverty Outlook for Nigeria: April 2023’, the World Bank said unification of the forex markets should be one of the reforms to strengthen the recovery of the […]
The Central Bank of Nigeria (CBN) has disassociated itself from the activities of a fake website that is currently inviting members of the public to submit applications for anticipated recruitment . In a statement signed by the Acting Director, Corporate Communications, Dr. Isa AbdulMumin, the apex bank said it is currently not conducting any recruitment […]
A French national, Bernard Arnault, 74 years, has emerged as the new richest person in the world having surpassed South African-born Elon Musk. He is worth US$208.1 billion. Musk is now the second richest. United States’ Jeff Bezos trails behind as number three. Bill Gates comes fourth while Warren Buffett is number five. Larry Ellison […]
