By Rasaq Adebayo Wema Bank has announced its full Year 2023 Audited financial statement, recording profit before tax growth of 196 per cent from N14.75bn to N43.59 billion. The bank also proposed a dividend per share of 50 kobo; up from 30 kobo in 2022 and deposit growth of 60 per cent to N1,860.57bn from […]
… Warns Nigerians To Disregard it By Rasaq Adebayo The Federal Government has warned the general public to do away with a fake website purporting to be that of the Ministry of Finance and registering Nigerians for palliatives for the proposed fuel subsidy removal. In a statement signed by the Special Adviser, Digital Communications Office […]
ECHONEWS In consent with the Central Bank of Nigeria’s (CBN) directive, most Deposit Money Banks (DMB) branches in Lagos opened for operations on Saturday. Huge crowd of customers were seen with bank officials making efforts to meet their cash needs. The banks were, however, dispensing the old Naira notes. While a few of the banks […]
Olanrewaju Segun Finally, Nigerians can heave a sigh of relief as Supreme Court, on Friday, ruled that the old N200, N500 and N1000 banknotes remain legal tenders. The judgement was agreed on by the seven-member panel of Justice which held that the old banknotes should remain valid legal tenders until December 31 adding that the […]
Lagos Stare is collaborating with not less than 20 other states to apply for joinder in the suit filed by Kaduna, Kogi and Zamfara to demand the review of the currency re-design policy of the Federal Government to extend the use of old notes until new notes are sufficiently available when the case comes up […]
By Rasaq Adebayo With the scarcity of new Naira notes and fuel unabated in many parts of the country, All Progressives Congress Presidential Candidate, Asiwaju Bola Ahmed Tinubu has once again appealled to Nigerians to remain calm as the government and relevant agencies continue to work out solutions. Speaking in Abuja on Tuesday, Asiwaju Tinubu […]
By Rasaq Adebayo As scarcity of cash persists and people are unable to get it from the banks, Nigerians have turned to Supermarket as alternative source of getting cash. They target the customers who are to pay with cash, collect the cash from them and pay for them with their own card. This, apart from […]
The Governor, Central Bank of Nigeria, Godwin Emefiele, the Group Managing Director and Chief Executive Officer, United Bank for Africa Plc, Oliver Alawuba, with other global economic leaders and experts lead the discourse on global economic trends at the UBA Group International Banking Conference, 2022 taking place in New York, USA. The four-day event which […]
By Abolaji Adebayo Agents and users of the Point of Sale (POS) are bickering over failed transactions which are increasingly turning out to be scams. Oyeronke Oyebami, a point of sale (POS) agent narrates her experience: “A customer came to my shop and deposited N15,000 and the transaction was approved with O’pay machine but the […]
Effective from Tuesday, March 16, customers are expected to pay a flat fee of N6.98 per transaction every time they use USSD services. This came the Central Bank of Nigeria has introduced new charges for customers using the Unstructured Supplementary Service Data services.as The apex bank said the new charges were part of the agreement […]
