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CBN Orders Banks To Accept Cheques In Savings Account

August 3, 2016
Banks operating in Nigeria have been directed by the Central Bank of Nigeria, CBN, to now accept cheque deposits into savings account. This directive was contained in a circular dated July 28, 2016, signed by CBN’s Director, Banking & Payments System Department, Dipo Fatokun, and sent to all banks and financial institutions operating in the country. In the circular made
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Excitement As FG Okays Badagry Seaport

August 4, 2016
There is excitement in the air following the approval for the establishment of a seaport in Badagry, Lagos. At the moment, the Nigerian Ports Authority (NPA), which controls seaports in Nigeria, is in charge of the two ports in Lagos; the Lagos Port Complex and the Tin Can Island Port. On Wednesday, after the Federal Executive Council (FEC), Minister of
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CBN Orders Banks To Sell Dollar To Hajj Pilgrims At N197

August 5, 2016
Banks and Forex dealers in Nigeria have been instructed to sell the US Dollar to intending pilgrims at the rate of N197 to $1. The Central Bank of Nigeria, CBN, gave this directive on Thursday. The country’s apex financial institution said those travelling for the 2016 Hajj in Saudi Arabia later this month and want the Pilgrims Travelling Allowance, PTA,
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Commercial Activities Shutdown In Sagamu

August 5, 2016
Report reaching BusinessPost from Ogun State reveals that business activities would be put on hold for a while because of the burial rites of late Akarigbo of Remoland, Oba Michael Adeniyi Sonariwo, who passed away last month. BusinessPost learnt that on Saturday, August 6, 2016, all shops and commercial centres in Sagamu would be shut to honour the late monarch.
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FG Moves To Cut Power Consumption

August 6, 2016
  The Nigerian government says it has taken steps to reduce power consumed by households, businesses and government agencies in the country by 85 per cent. This was disclosed on Friday in Lagos by the Minister of Science and Technology, Dr Ogbonnaya Onu, while addressing newsmen. The Minister said the idea was due to the need to diversify the Nigerian
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Politics

Jim Ovia Nigerian Education Loan Fund

Jim Ovia to Chair Nigerian Education Loan Fund Board

April 27, 2024
By Modupe Gbadeyanka The Chairman of Zenith Bank Plc, Mr Jim Ovia, has been appointed by President Bola Tinubu to chair the Nigerian Education Loan Fund (NELFUND) board. The veteran banker is expected by Mr Tinubu to “bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student
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Jim Ovia Nigerian Education Loan Fund

Jim Ovia to Chair Nigerian Education Loan Fund Board

By Modupe Gbadeyanka The Chairman of Zenith Bank Plc, Mr Jim Ovia, has been appointed by President Bola Tinubu to chair the Nigerian Education Loan Fund (NELFUND) board. The veteran banker is expected by Mr Tinubu to “bring his immense wealth of
April 27, 2024
Trading activities NGX

Nigerian Exchange Down 0.02% as Trading Activities Wane

By Dipo Olowookere Trading activities on the floor of the Nigerian Exchange (NGX) Limited waned on Friday amid sustained selling pressure triggered by cautious trading. The local bourse fell by 0.02 per cent yesterday on the back of profit-taking, weakening the All-Share
April 27, 2024
NASD OTC securities exchange

Three Securities Sink NASD Index by 1.24%

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange ended in the red zone on Friday, April 26 as three losers chipped off 1.24 per cent from the market value and index. The NASD market capitalisation lost N18.67 billion to wrap the
April 27, 2024
more wealth for investors Naira

Naira Loses 2.2% at Official Market, Trades N1,339/$1

By Adedapo Adesanya The Naira closed the final session of the week weaker against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) after it lost N2.2 per cent or N29.35 on Friday to trade at N1,339.23/$1, in contrast
April 27, 2024
Right Sports Betting Site

Nigerian Youth and Sports Betting

By Jerome-Mario Utomi Talking about young people, human development experts have described the stage as a moment of the storm, a stage in developmental growth where young adults want to explore and express themselves, as well as want to know more about
April 26, 2024
resilient business models

Experts Task Fintech Firms to Develop Resilient Business Models

By Aduragbemi Omiyale Financial technology (fintech) companies have been charged to work toward developing resilient business models, which should be built around quality service delivery. This advice was given at a workshop in Lagos organised by Hydrogen Payment Services Company Limited in
April 26, 2024
Airtel Nigeria Data Plans

Airtel Nigeria Leads Telecom Market Surge

In a recent revelation from the Nigerian Communications Commission (NCC), Airtel Nigeria has emerged as a standout performer in the country’s telecommunications sector, marking significant gains in market share over the past year. According to the NCC data, by the end of
April 26, 2024
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