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Forex: CBN revised manual takes effect
The recently review manual for the foreign exchange (forex) market in the country took effect on Wednesday, August 1, 2018.
This…
Breach of contract: Court orders First Bank to pay Agbakoba N266m damages
First Bank of Nigeria Limited has been ordered by a federal high court sitting in Ikoyi, Lagos, to pay one of its customers, Mr…
Guinness Nigeria appoints new MD/CEO
The board of Guinness Nigeria Plc has announced the appointment of Mr Baker Magunda as its new Managing Director/Chief Executive…
CBN lists punishments for Naira mutilation offenders
The Central Bank of Nigeria (CBN) has once more warned against mutilating the naira. It also warned that any person caught…
First Bank excites social media users, launches chat banking on WhatsApp
Determined to ensure effective service to its customers, First Bank of Nigeria on Thursday unveiled its chat banking on WhatsApp.…
FMDQ partners Reuters to promote Nigerian Financial Market
A move has been made to deepen capacity to help drive liquidity and enhance the visibility of the Nigerian financial market to…
CBN sets five-year timeline on cheque storage
The Central Bank of Nigeria (CBN) has set a five-year timeline for banks to keep physical cheque presented to them by customers…
Five years after privatisation of PHCN, electricity investors declare loss
...want initial capital refund
About five years after investors put $1.2 billion (about N427bn) to acquire 60 per cent stakes in…
BoI releases N5.6b to Promasidor for expansion
Promasidor Nigeria Limited (PNL), has secured a N5.6 billion credit from the Bank of Industry (BoI) to support its aggressive…
How oil exports, controlled imports aided Nigeria’s exit from recession –…
The National Bureau of Statistics (NBS) on Monday said Nigeria’s recovery from economic recession slowly began in the second…