Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at 8.5 per cent coupon rate due in 2031. The bond issuance which was fully subscribed given that total investor interest and commitments in…
*Court orders CBN to immediately unfreeze 20 #EndSARS protesters’ accounts (ThisDay)*#EndSARS: Youth rep to sue CBN as court unfreezes accounts (Punch)
Court orders CBN to immediately unfreeze 20 #EndSARS protesters’ accounts (ThisDay) Justice Ahmed Mohammed of a Federal High Court, Abuja on Wednesday ordered the Central Bank of Nigeria (CBN) to immediately unfreeze 20 bank accounts linked to protesters and promoters…
FirstBank provides loan facilities to its Firstmonie Agents
First Bank of Nigeria Limited has announced the provision of loan facilities – up to one million naira – to its banking agents. This, the Bank said in a statement, is in furtherance of the need to promote the business…
CBN’s ban on crypto currencies – Ehi Braimah
Recently, the Central Bank of Nigeria (CBN) issued a directive to Deposit Money Banks (DMBs), non-bank financial institutions and other financial institutions to close accounts used for crypto transactions. In other words, banks are required to stop dealing in digital…
*Lawyers dare Lagos over Anti-Cultism Bill (Guardian)*Lagos butcher arrested for defiling two stepdaughters (Punch)
Lawyers dare Lagos over Anti-Cultism Bill (Guardian) Lawyers have criticised punishment for parents of suspects found guilty of cultism, describing such as unconstitutional. The Lagos State House of Assembly, while considering amendment of the Anti-Cultism Bill submitted to it by…
FBN Holdings PLC appoints Adetu, Anammah, Hughes to its board
FBN Holdings PLC (FBNHoldings) has announced the appointments of Mr Seni Adetu and Mrs Juliet Anammah as Independent Non-Executive directors, while Mr Otu Hughes has been appointed as a Non-Executive director. A statement by the Nigeria’s leading financial holdings company said…
*2 men sentenced to death for armed robbery in Lagos (Punch)*Oworonshoki-bound lane of Third Mainland Bridge closes weekend (Guardian)
2 men sentenced to death for armed robbery in Lagos (Punch) A Lagos State High Court in Ikeja has sentenced two men, Moshood Ogunshola and Wasiu Lekan, to death by hanging. The convicts were arraigned before Justice S.S. Ogunsanya on…
Unrepatriated Export Proceeds: CBN to bar defaulting exporters from banking services
The Central Bank of Nigeria (CBN) will bar exporters who fail to repatriate export proceeds from accessing banking services beginning January 31, 2021. The apex bank made the announcement via a circular it sent to commercial banks through it trade…
CBN: Diaspora remittances must be paid in foreign currencies
The Central Bank of Nigeria (CBN) yesterday warned it would sanction International Transfer Operators (IMTOs) who fail to pay all remittances in foreign currencies. A circular signed by the apex bank’s director of Trade and Exchange Department, Mr O S…
Again, Buhari bars CBN from releasing forex for food importation
President Muhammadu Buhari has, again, directed the Central Bank of Nigeria (CBN) not to release from the country’s reserves for the importation of food items. He said seven states are already producing rice for the citizens’ consumption. President Buhari had,…
