World Remit Refund – According to a recent report by the “Central Bank of Nigeria (CBN)” the average annual remittance…
BANK
Reasons why CBN Ban Cryptocurrency exchange in Nigeria
CBN believe that cryptocurrencies have become well-suited for conducting many illegal activities including money laundering, terrorism financing, purchase of small…
Stanbic IBTC Bureau de Change (SIBDC) Shut Down business due to foreign exchange inflow policy
Stanbic IBTC Bureau de Change (SIBDC), a subsidiary of StanbicIBTC Bank has shut down its bureau de change subsidiary due…
Global Digital Payments Market to Grow by 23.7% in 2020 to $4.9 Trillion
The rapid rise in smartphone penetration across emerging economies and with technological advancements and COVID-19 crisis has increase Digital Payments.The…
CBN Revokes 42 microfinance banks operating licences, NDIC Verification
The Central Bank of Nigeria has announced the revoked of failed 42 microfinance banks operating licences with effect from Thursday…
Name of top Banks in the United Kingdom
There are 316 banks currently operating united Kingdom after World War 1 when there were a series of takeovers of…
List of registered banks in New Zealand
Under section 69 of the Reserve Bank of New Zealand Act,all banks operating in New Zealand must be registered with…
Nigeria is Giving Away Its Sovereignty With China Loans – House of Reps
House of Representatives members have accused the federal government of conceding Nigeria’s sovereignty with some Chinese loans. Raising the alarm…
Brazil Central Bank suspends WhatsApp digital payments
Brazil’s central bank had ordered Visa and Mastercard to suspend a joint project with WhatsApp to roll out digital payments.…
How banks make money from Account Maintenance Fees: Zenith Bank, GTBank, Others Generate N18.4bn In Q1 2020
Despite economic hardship brought about by the COVID-19 pandemic, Nigeria’s banks in collaboration with the central bank have continued to…
Zenith Bank Wins best bank in Nigeria in Global Finance Awards 2020
The leading financial institution, Zenith Bank Plc, has emerged as the Best Bank in Nigeria year 2020 This was released…
Nigeria’s external reserves increase by 7% as the country received $5.85 billion capital inflows in Q1 2020 –NBS
Despite the volatility of the foreign exchange market due to decline in crude oil export earnings, Nigeria external reserves has…
Zenith General Insurance’s Profit Before Tax Rises by 16% to N3.67bn
Zenith General Insurance’s gross premium grew by 17% year-on-year from N13.7bn to N16.1bn, as profit before tax rising by 16%…
Another fresh $319m Abacha loot in UK, France – says US
As Nigeria continue to receive Bank alert as looted funds from former military dictator Sani Abacha, US embassy in Nigeria…
Access Bank to sack 75% of contract Staff,retained are to take a pay cut due to COVID-19 Distress
The Group Managing Director of Access Bank Plc, Mr. Herbert Wigwe has revealed that management are prepare to carryout mass…
Zenith Bank’s profit announced N58.7 billion in Q1 2020 before tax rises by 3%
Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2020, with profit before tax…
Strange hacker returns £20m in crypto-currencies forms of money after ‘stealing’ it from Chinese trading platform dForce
Some hackers are not greedy like some wicked, desperate and hunger internet fraudsters as mysterious hacker has reportedly returned £20million…
5 Mistakes to Avoid with a Bank Loan approval
Getting a loan from a bank isn’t any cakewalk these days, in particular for small businesses.Though borrowing from a financial…
Telecom company fault bank management over USSD charges
Nigeria Telecommunication companies on Tuesday in a letter to the Body of Banks’ Chief Executive Officers, disagreed with the position…
$9.6bn British Court judgment on P&ID : Nigeria appeals $200m security deposit
Nigeria Government has order its lawyers to appeal the ruling of Justice Christopher Butcher of the Commercial Court in London…