Barely three days after the Central Bank of Nigeria declared old N1,000, N500 and N200 notes as legal tender, Deposit Money Banks say they are beginning to run out of the old currencies.
The development led to severe hardship and pains for several bank customers seeking to withdraw funds on Wednesday.
The CBN had on Monday directed banks to pay out and accept the old notes from their…
The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country.
The removal of the subsidy is part of the country’s implemented regulatory measures to ensure stability across its downstream sector.
The Chief Executive Officer of NPA…
Ecobank Nigeria Limited has stated that it has entered into a partnership with the International Institute of Tropical Agriculture to train and provide support services to 16,000 Nigerian youths on wealth creation through agriculture.
The bank said in a statement that the…
The 2023 presidential and National Assembly elections attracted 12.99 million cyber attacks, the Minister of Communications and Digital Economy, Isa Pantami, has disclosed.
He noted that the attacks were recorded between 24th February and 28th February, with the presidential election day (25th February) attracting 6.99 million attacks alone.
He stated this while explaining the activities of the…
Some experts have expressed different opinions about the impact of the collapse of the American bank, Silicon Valley Bank, on the Nigerian economy.
Regulators closed SVB Financial Group and its subsidiary, Silicon Valley Bank, on Friday and seized its deposits in what is the…
KPMG Nigeria has appointed a former Nigerian Statistician-General, Dr Oyeyemi Kale, as its chief economist.
IKPMG Nigeria disclosed the appointment in a statement, stating that the partners and staff of the firm were pleased to welcome Kale, the former statistician-general…
The President and Chairman Board of Directors of African Export-Import Bank, Professor Benedict Oramah, will lead discussions on critical issues that will give further insights into the economic transformation of Africa at the 2023 Annual Lecture of The Chartered Institute of Bankers of Nigeria.
Scheduled to hold on March 29, 2023, the theme of the lecture which will hold in Lagos is, “Unlocking…
The International Air Transport Association on Tuesday disclosed that the trapped funds belonging to foreign airlines operating in Nigeria have risen by 12.39 per cent to $743,721,097 in January 2023 from $662m in the corresponding period last year,
IATA disclosed this in…
Virgin Atlantic has joined SkyTeam Alliance, becoming the first and only UK member airline of the alliance.
Virgin Atlantic is a founding partner of a Joint Venture with SkyTeam members, Delta Air Lines and Air France-KLM
Virgin Atlantic formally joined SkyTeam, the global…
Deposit Money Banks have slashed the amount of Personal Travel Allowance and schools fees their customers can apply for amid a worsening foreign exchange crisis.
Shortage of FX in the country has forced lenders to take drastic measures to meet their dollar obligations in recent times.
In an emailed letter to customers, some DMBs on Tuesday slashed the amount of PTA their customers can apply for…