Archives for MONEY MARKET - Page 73
External debt: FG deducts N78bn from states allocations
President Buhari The Federal Government deducted over N78bn from allocations made to the states for external debt servicing, according to findings by The PUNCH. This was according to data from…
CBN puts 7,552 BVN on watchlist, e-Naira transaction records 1.4m
The Central Bank of Nigeria (CBN) said it has placed 7,552 Bank Verification Numbers (BVN) on its watchlist for fraudulent transactions, just as the apex bank Digital Currency(CBDC) known as…
NDIC LAUDS JUDICIARY, SOLICITORS ON DILIGENT PROSECUTION OF FAILED BANK CASES
The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has commended the Judiciary and Nigerian Bar for collaboration with the Corporation in the diligent and…
As Fidelity Bank Remains Investors’ Toast
MD Fidelity Bank In an increasingly uncertain macroeconomic environment, Fidelity Bank Plc has remained appealing in the banking sector. This is evident in its full year 2022 financial results which…
Wema Bank Celebrates 78th anniversary, ALAT at six
Wema Bank logo Wema Bank, a leading Nigerian financial institution renowned for its innovative banking solutions and Africa's first fully digital bank, is set to commemorate its 78th and…
Banks, telcos meet as USSD debt hits N100bn
Banks The accumulated debt from Unstructured Supplementary Service Data which Deposit Money Banks owe telecommunication firms has risen to over N100bn. As a result, banks and telcos are expected…
FirstBank Sponsors Davido Timeless Concert
The support of the timeless concert is part of the Bank’s First@arts initiative. First@arts by FirstBank showcases and facilitate the successes of the art and entertainment industry to the…
Fidelity Bank Unveils Initiative To Address Food Insecurity In Nigeria
The Fidelity Bank Plc, has launched a Corporate Social Responsibility (CSR) scheme tagged the Fidelity Food Bank, as part of its initiatives to reduce poverty and alleviate hunger in the…
NDIC COMMENCES VERIFICATION OF INSURED DEPOSITORS OF DEFUNCT PEAK MERCHANT BANK
NDIC MD In line with its mandate of deposit guaranty and reimbursement of depositors in the event of bank failure, the Nigeria Deposit Insurance corporation (NDIC) has commenced verification of…
