The World Bank has said that multiple exchange rates, trade restrictions, and the financing of the public deficit by the Godwin Emefiele-led Central Bank of Nigeria (CBN) continues to damage the business environment. The World Bank made the disclosure in…
BoI grows profit by 75%, declares N7.89b dividend
The Bank of Industry (BoI) says it recorded a 75 per cent increase in Profit Before Tax to N61.15 billion in the 2021 financial period. According to a statement from BoI, Malam Aliyu Dikko, Chairman of its Board of Directors,…
Emefiele he’d make decision on 2023 presidency in a few days
The Governor of the Central Bank, Mr Godwin Emefiele, has said that he would make a decision on the 2023 presidency in a few days. He said this in a series of tweets on Saturday. The CBN governor had come…
Abbey Mortgage Bank capitalised at 6b with CBN’s approval of capital injection
Abbey Mortgage Bank has been further capitalised to N6 billion following the approval issued by the Central Bank of Nigeria (CBN) N3.03 billion equity capital raised during the last right issue exercise of the bank. This milestone, a statement said,…
*Popular skitmaker Isbae U responds to sex-for-skits allegation (Nation)*CBN slashes ATM withdrawal, inter-bank transfer charges (Guardian)
Popular skitmaker Isbae U responds to sex-for-skits allegation (Nation) Adebayo Ridwan Abidemi aka Isbae U has responded to allegations he demands sex from ladies before featuring them in his skits. The Nation reports Isbae U became a subject of discussion,…
Buhari unveils rice pyramid in Abuja
President Muhammadu Buhari has unveiled a 1.2 million -bag paddy rice pyramid, in Abuja. An elated President Buhari commended the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, for Initiating the Anchor Borrowers Programme, through which the…
Adeduntan: FirstBank is resilient, stable and built for the long haul
The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, last year saw his tenure extended as part of efforts to ensure the stability of the financial institution. In this interview with THISDAY, he speaks about the…
FirstBank, driving dollar remittances, economic growth via IMTOS -Chinwendu Obienyi
For centuries, there have been heated debates over the sources of economic growth in developing economies and why some countries reflect strong economic growth compared to others. The hypotheses have often centred around crude oil, agriculture, revenues, private capital, bubbling stock…
FirstBank: Unlocking wealth in salary account – Kayode Tokede
How monthly salary earners with FirstBank accounts can benefit from the lender’s numerous loans initiatives amid harsh economy In time past, monthly income earners – especially bank customers – were unable to have quick access to personal loans to meet…
Resist arbitrary charges, CBN to bank customers
The Central Bank of Nigeria (CBN) has advised bank customers to resist arbitrary bank charges illegally imposed on them by Deposit Money Banks (DMBs). Reacting to claims by Igbo traders that depositors and other account operators with banks in Nigeria…
