A former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has been released from the Kuje Correctional Centre after meeting up with his bail condition.. It was learnt that Emefiele was released on Friday. The spokesperson for the Kuje Correctional Centre, FCT, Adamu Duza, confirmed the development to our correspondent on Saturday. “I can confirm to you …

As part of its continued commitment to the growth and development of the Nigerian economy, Sterling Bank Limited has concluded arrangements to host a mega business fair during the yuletide. The event will showcase the best of Made by Nigerians (MBN) and Eat Drink Festival (EDF) on the 27th and 28th of December 2023 at the Tafawa Balewa Square, Lagos. …

The Inspector General of Police, Kayode Egbetokun, has counselled financial institutions and business owners over the growing sophistication of cyber threats and consequent attacks on their databases and businesses. The IGP spoke over the weekend at the Moniepoint Staff Retreat in Abuja, urging those in the financial sector and business owners to take proactive steps towards the protection of their …

The Chief Executive Officer of Polaris Bank, Mr. Adekunle Sonola has urged Nigerian government to prioritise legal policy and reforms for sustained economic growth. In a presentation he recently delivered at the Annual Law Dinner of the Nigerian Bar Association (NBA), Lagos branch, Sonola emphasised the need for legal reforms, highlighting the escalating challenges faced by businesses in the ever-evolving …

In line with its commitment to provide lifestyle banking solutions and memorable experiences for its customers, leading financial institution, Fidelity Bank Plc recently hosted customers to two fun-filled days in commemoration of the Yuletide. Tagged the Fidelity Family Weekend (FFW), the event saw the bank host over 10,000 guests at the Fidelity Grounds, Oniru, Lagos to a carnival-like atmosphere on …

Wema Bank has awarded N1 million each to two of its female customers, Muritadho Shakiroh Opeyemi and Chiamaka Judith Ugonna, the grand prize winners in the 5th monthly draw of the Wema Bank 5 for 5 Promo. The draw, which was held at the University of Lagos, last Friday, 15 December 2023, saw Wema Bank present cash rewards of N9,000,000 …

The Nigeria Deposit Insurance Corporation (NDIC) said that it has paid an insured sum of over N1.7 billion to customers, following the revocation of licences of Microfinance Banks and four Primary Mortgage Banks. The Managing Director/Chief Executive Officer, NDIC, Mr. Bello Hassan said this at the 2023 NDIC Editors Forum on Saturday in Lagos State. The meeting had the theme, …

The Central Bank of Nigeria (CBN) has directed banks to raise the quality of their products and services to attract more people into the financial system. CBN Governor, Olayemi Cardoso, disclosed this at the release of the 2023 EFInA Access to Finance (A2F) Survey results in Lagos. He said: “As an ecosystem, we must redouble our efforts to develop innovative …

The Alternative Bank Limited is taking proactive steps to combat hunger and environmental distress in Ogoniland. Teaming up with over 800 local farmers, the bank has launched the Agricultural Community Support Programme (ACSP) in Bori, Khana Local Government Area of Rivers State, in collaboration with Global Entrepreneurship City Limited. At the inauguration ceremony, Group Head of Agricultural Finance and Solid …

The Central Bank of Nigeria (CBN) has suspended the processing fees on large cash deposits. According to a statement on Monday by the acting Director of Supervision, Dr. Adetona Adedeji, the suspension would remain in effect until 30th April, next year. The ‘Guide to Charges by Banks, Other Financial Institutions, and Non-Bank Financial Institutions’. issued by the bank on 20th …