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Tag: commercial banks

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

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

Excitement As New Diaspora Remittances Policy Takes Effect Today

CBN Governor, Mr. Godwin Emefiele
Annual inflows put at $24bn CBN, NSIA, AFC to float N15tn infrastructure fund There is palpable excitement among Forex users as the Central Bank of Nigeria’s (CBN) new policy thatRead More

How Commercial Banks Are Aiding Fraud – Sen. Lawan

Senate President, Ahmad Lawan
Senate President, Ahmad Lawan, yesterday in Abuja urged the nation’s anti-corruption agencies to beam their searchlights on operations of commercial banks. Lawan, during his investiture and induction as Patron byRead More

Access Bank Grows Profit By 16% To N102bn In Nine Months

Access Bank
Access Bank Plc’s unaudited results for the nine months ended September 30, 2020, has shown that the bank delivered strong top line figures despite the challenging landscape occasioned by COVID-19Read More

FG Receives N1.6bn COVID-19 Donations

Boss Mustapha
The Federal Government on Monday announced that a total of N1,689,757,489.87 was received as COVID-19 donations from April 1st to May 31st, 2020. It said the funds were received throughRead More