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Tag: banks

MTN, Banks To Resume Talks Over USSD Charges Today

MTN Nigeria
The meeting between MTN and Deposit Money Banks (DMB) that was held in Lagos ended inclusively yesterday and would continue today. One of the regulatory sources, who confided in THISDAY,Read More

Access Bank Grows Profit To N126bn, Recommends 55k Final Dividend

Access Bank
Access Bank Plc has recorded positive results despite a challenging economic and regulatory landscape in 2020, the bank’s audited financial statement has shown. The bank recorded gross earnings of N764.7Read More

FG Mulls Incentives For Banks To Restructure Oil Firms’ Debts

Minister of State for Petroleum Resources, Chief Timipre Sylva
DPR remits N2tn to govt coffers The Federal Government is considering a regulatory forbearance for banks to encourage them to restructure oil companies’ loans. Minister of State for Petroleum Resources,Read More

CBN Investigates Cryptocurrency Companies’ Bank Accounts For Fraud

Central Bank of Nigeria vs Cryptocurrency
Insists restrictions to safeguard Nigerians, financial system Lists inherent risks To block accounts with suspicious transactions BDC operators, groups back Emefiele on transactions’ ban The Central Bank of Nigeria (CBN)Read More

How FBI Warned FG, CBN On Scammers Using Cryptocurrencies To Defraud The West

Central Bank of Nigeria vs Cryptocurrency
Christine Lagarde: Bitcoin facilitates questionable transactions Nigeria surged to second highest crypto destination in the world raking $200 to $300million a week without underlining economic activity, alarming the CBN FGRead More

CBN Hammers Cryptocurrency Traders, Directs Banks To Close Their Accounts

Central Bank of Nigeria vs Cryptocurrency
The Central Bank of Nigeria yesterday directed banks and other financial institutions to immediately close any accounts dealing in cryptocurrency or facilitating payment for crypto currency exchange, with immediate effect.Read More

Senate Probes Alleged Mismanagement Of N50bn By NBET

Nigeria Bulk Electricity Trading Plc (NBET)
The Senate has alleged that the Nigeria Bulk Electricity Trading Plc (NBET) mismanaged N50 billion realised from the sale of Egbin, Omotosho and Olorunsogo power plants in 2013. It has,Read More

Access Bank Targets Eight More African Countries In Expansion Drive

Access Bank
Access Bank Plc has unfolded plans to expand to eight more African countries as part of a strategy to support trade and finance in the continent and take advantage ofRead More

NNPC Seeks $1bn In Oil Prepaid Deal To Revamp Refinery

NNPC
Repayment due in seven years The Nigerian National Petroleum Corporation (NNPC) has begun talks with trading firms to raise about $1 billion in a prepayment deal to refurbish its largestRead More

Analysts Project Nigerian Banks To Emerge Highest AfCTA Beneficiaries

African Continental Free Trade Area (AfCFTA)
High electricity tariff will deny Nigeria benefits, say manufacturers With the commencement of the African Continental Free Trade Area (AfCFTA) agreement on January 1, 2021, analysts and stakeholders have expressedRead More