Just another News Updates
The House of Representatives has mandated its Committee on Banking and Currency, when constituted, to investigate the excess charges and illegal deductions by commercial banks in Nigeria and to report to back within four weeks for further action. This resolution followed the adoption on the need to stop the excessive charges and illegal deductions by […]
China-Exim Bank has rejected a loan request by the federal government. As a result, the House of Representatives, on Tuesday, approved the request by the Federal Government to borrow $973,474,971.38 from China Development Bank. This followed the decision by the China-Exim Bank to reject Nigeria’s $22,798,446,773 loan request earlier approved by the National Assembly. The […]
There has been serious jubilation in Zamfara State following the directive given to commercial banks by the CBN to start issuing the old Naira currency to reduce the hardship faced by the masses. Most of the people interviewed by news men agreed that the CBN directive has brought a sense of relief, saying that Nigerians […]
Jaiz Bank plc, the premier non-interest bank in Nigeria has released its audited financial results for the period ended December 31, 2021. The results as released to the Nigerian Exchange Group, showed a 43% growth in Profit Before Tax from N3.07billion in December 2020 to N4.37 billion in December 2021. This is on the backdrop […]
Telecommunication giant, MTN, has received the final approval to operate as Momo Payment Service Bank Limited (Momo PSB). The approval was granted by the Central Bank of Nigeria (CBN), according to a statement issued on Monday by MTN Secretary, Uro Ukpanah. “MTN Nigeria Communications PIc (MN Nigeria) announces the receipt of a letter dated 8 […]