First Edition of the Tastemakers Wine Series Hosted by Vendease

Banking

Banks shut branches over customer attacks.

As the naira scarcity persists, some banks are shutting their branches over rising customer attacks, This came a day after the Lagos State Police Command issued a warning that some groups were planning to unleash violence in the state due to the naira scarcity. Some of the banks had started to allow non-essential employees to work from home. Findings show Zenith Bank has shut down some branches in…
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FintechPodcast

Fear as Binance Suspends USD Deposits and Withdrawals.

Crypto exchange, Binance has announced that it will temporarily suspend USD deposits and withdrawals on February 8th because of an administrative issue. A Binance spokeswoman told WatcherGuru that affected clients would be notified individually and that the suspension…
Podcast

5 Google Bard Features You Should Know.

Technology company, Google has said it is planning to release its own conversational Artificial Intelligence service called Bard. The conversational AI service is strengthened by Language Model for Dialogue Applications which seeks to provide better services for users and…
Markets

Stock index at its highest level in 14 years.

The bullish momentum in the Nigerian equities market has defied analysts’ expectations as the benchmark index breaks another strong psychological resistance point, surpassing 54,000 mark, reaching a 14-year high of 54,213.09 points last weekend. The market had recorded a breakthrough against the psychological resistance point in May 2022 when it surpassed 53,000 points. Earlier this year many…
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Banking

CBN can fine banks for holding new banknotes.

The Central Bank of Nigeria may fine banks hoarding new notes a sum of N5m and members of the public selling the new notes N50,000. This was based on the Central Bank of Nigeria Act of 2007 and the Banks and other Financial Institutions Act of 2020. According to the Banks…
Banking

50% PoS operators close shops over naira scarcity.

Over 50 per cent of Point of Sale operators have closed their shops as scarcity of new and old naira notes bites harder, it has been learnt. The National Chief Aggregating Officer of the Association of Mobile Money and Bank Agents in Nigeria, Hussein Olanrewaju, who…
Banking

Lack of skills hit the bank. Japa

A former teller at Sterling Bank, Gift Akpan, left the shores of Nigeria for the United States to pursue her dreams. Gift told The PUNCH that she had always wanted to travel but decided to gain hands-on experience in the local job market first and raise money to facilitate her migration. “I graduated from the University of Ibadan as the best student in my set. I had always wanted to pursue my…
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Banking

Nneka Onyeali-Ikpe was named Banker of the Year.

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has been presented the award of the Banker of the Year 2022 at the 14th Leadership Annual Conference and Awards. Organized by Leadership Media Group, publishers of Leadership newspapers…
Banking

We hope that PSBank will launch a cashless initiative.

A digital bank, Hope PSBank, a Unified Payment Services Limited subsidiary, has commenced a community inclusion initiative to support the Central Bank of Nigeria’s naira redesign policy. Speaking at a press conference to unveil the initiative on Friday, the Managing…
Banking

How to avoid bad credit history

Liability is defined by Merriam-Webster as the amount of money owned by an individual or entity. Debt burden can be a huge problem for individuals and businesses in Nigeria as it can lead to financial hardship and even bankruptcy. In recent years, as the popularity of electronic payment systems has grown, more lending platforms have emerged. It also made it easier for moneylenders to obtain loans…
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