CBN Orders Banks to Pay N20,000 Daily Over The Counter
The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) to begin over-the-counter payment of the redesigned Naira notes, subject to a daily...
Category : Banks
UBA Gets New Female CEO For Africa
The Board of Directors of the United Bank for Africa Plc, Africa’s Global Bank, has announced the appointment of Mrs. Abiola Bawuah as Chief Executive...
CBN Justifies Change of Old Naira Notes, Says Deadline Untouchable
The Central Bank of Nigeria has stated that the deadline for the old 200, 500, and 1,000 naira notes to stop being legal tender in...
CBN Increase MPR to 17.5% to Control Inflation
In an effort to control inflation, the Central Bank of Nigeria (CBN) increased the Monetary Policy Rate to 17.5 per cent. The Governor of CBN,...
Why CBN New Naira Notes Policy Will Fail
BY DAYO ADESULU Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele has introduced newly designed N200, N500 and N1000 notes with the...
Sterling Bank Will Change Its Name
The transfer of Sterling Bank Plc from a core banking organization to a holding company has been authorized by shareholders. According to experts, the action...
Europe To See Higher Interest Rates, Joins US Fed In Outsized Rate Hikes
The European Central Bank is set to join the U.S. Federal Reserve in making a jumbo interest rate hike on Thursday as it tries to stamp out...
Liberia Gets $10m Grant From AFDB To Boost Climate Information Systems
The Board of Directors of the African Development Bank (www.AfDB.org) has approved a $10 million grant from the Green Climate Fund, for which the Bank...
Titan Trust Bank Gets 88.39% To Acquire Union Bank
Titan Trust Bank Limited (TTB), has gotten 88.39 per cent shares in Union Bank of Nigeria Plc to acquire the company. TTB is believed to...