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GT Bank Manager Denies In Court

GT Bank Manager Denies In Court

  Nwachukwu Amazu, head of the fund transfer unit of Guaranty Trust Bank (GT.BANK), on Wednesday denied knowledge of the documents his bank sent to the Economic and Financial Crimes Commission (EFCC) on Senate President Bukola Saraki. ‎Nwachukwu, who is the second prosecution witness in the trial of Saraki at the Code of Conduct Tribunal […]

CBN – BDCs Working Towards Closing Inter-Bank, Parallel Exchange Rate Margin

CBN – BDCs Working Towards Closing Inter-Bank, Parallel Exchange Rate Margin

The meeting held  between the Central Bank of Nigeria (CBN) and the Bureau De Change (BDC) operators last week was focused  on ways to improve liquidity and to reduce the huge spread between the inter-bank and parallel market rates. Part of the outcome of that meeting was an agreement on uniform exchange rate for the […]

Bitcoin and Central Bank Of Nigeria

Bitcoin and Central Bank Of Nigeria

The Central Bank of Nigeria (CBN) has barred deposit money banks and all other financial institutions from the operation of any form of virtual currency. The warning by the apex bank yesterday was contained in a circular by the CBN Director of Financial Policy and Regulation Department, Mr. Kevin Amugo, Virtual currencies (VCs) such as […]

May Speech Boost Pound Sterling Value

May Speech Boost Pound Sterling Value

  Sterling saw its biggest gain ever since the 2008 financial crisis on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain’s deal to leave the EU and said it would seek to stay a key European partner. The pound, already up more than 1 percent as May began a keenly-awaited speech […]

Naira To Revenge Dollars This Week

Naira To Revenge Dollars This Week

  Economic and financial experts have said the naira may reverse this week the loss it recorded against the United States dollar last week. Owing to increased scarcity of the dollar, the naira fell from 490/dollar to 497/dollar during the past week. Currency and financial experts, however, linked the loss recorded by the local unit […]

Primary Mortgage Banks In Trouble

Primary Mortgage Banks In Trouble

  Crisis come into view in indistinct and enlarged form in the nation’s financial system as lack of funds hits the Primary Mortgage Banking (PMB) segment, It was learnt that the situation which has become critical for one of the mortgage banks, as it no longer honours depositors’ claims, may soon result in its collapse and […]

400 Staffs Sacked In Heritage Bank

400 Staffs Sacked In Heritage Bank

  Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December. Investigations by the News Agency of Nigeria, NAN, on Monday indicated that more workers are penciled for sack. NAN reports that the bank, in October 2014, acquired Enterprise Bank with about N56 billion ($281 million). A top management […]

How To Kniow Your BVN Code Directly From Your Phone

How To Kniow Your BVN Code Directly From Your Phone

Bank Verification Number (BVN) is a scheme introduced by the Central Bank of Nigeria (CBN) to protect customer’s transactions and enhance confidence in the Nigerian banking sector. Here we will show you how to get your BVN number using your phone and even without any data subscription. Step 1. Make sure the sim on the phone is registered […]

Why You Need e-banking

Why You Need e-banking

E-banking allows you to sample the available services, like viewing your balance or paying bills. Electronic banking helps you to become more of a banker, running your accounts like a small business that you control every day. Once you get started, you will be hooked. Soon enough, you will be checking your bank account as […]

Benefits Of Internet banking

Benefits Of Internet banking

Internet banking allows you to conduct various transactions using the bank’s website It has several advantages over traditional one, which makes operating an account simple and convenient. Some of the advantages of Internet banking are: Online account is simple to open and easy to operate. It is quite convenient as you can easily pay your bills, […]

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