SHOCK: CBN limits cash withdrawals to N100k weekly, N20k daily
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMOs) and other financial institutions to ensure that weekly over-the-counter (OTC) cash withdrawals by…
Category: ECONOMY
We knew nothing about naira redesign, says Finance Minister
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has stated she knew nothing about the recent decision of the Central Bank of…
Titan Trust Bank Has Acquired Union Bank
Titan Trust Bank, which has veteran banker Tunde Lemo as its Chairman, is a new commercial bank in Nigeria and just two years old. It…
*Fraud: Court awards N225 million against Sterling Bank*
Posted by News Mirror, November 25, 2021 An Enugu State High Court presided over by Hon. Justice Chinyere Ani on Wednesday awarded the sum of…
*WORK IN PROGRESS:* *Honourable Commissioner For Trade And Investment Gives Update On Ariaria And Ahia Ohuru Remodeling Projects*
Posted by News Mirror, November 21, 2021 The Honourable Commissioner for Trade and investment, Chief John Okiyi kalu during the week, visited the sites of…
Nigerian billionaire businessman and investor, Femi Otedola, on Friday, reportedly took over First Bank of Nigeria Plc
According to The Street Journal, Otedola took over the bank with the acquisition of about ₦30 billion worth of shares, making him the single largest…
Panic Over Threat By Reps For FG To Take Over Heritage Bank Posted by News Mirror, October 22, 2021
The House of Representatives yesterday threatened to ask the Central Bank of Nigeria (CBN) to take over the ownership of Heritage Bank for owing the…
Ecobank Nigeria appoints new chairman, directors
The Board of Directors of Ecobank Nigeria has announced the appointment of three non-executive directors. They are Mrs. Bola Adesola, Mrs. Titilayo Olujobi and Mrs.…
Trouble Looms For DStv, GOtv Over Multichoice N1.8 Billion Tax Evasion Case Posted by News Mirror, August 25, 2021
A tax appeal tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria Limited to deposit 50 percent of the disputed N1.8 trillion tax with the…
BREAKING: CBN bans Nigerians from depositing more than $5,000 in banks
Following the Central Bank of Nigeria’s (CBN) order, some commercial banks have started sending new transfer limits to their customers, Mouthpiece NGR reports. Emails sent…