Banking

OPPO, Counterpoint Unveil In-depth Industry Report on Adoption, Tech Advances on Smartphones’ Telephoto Lenses

OPPO, Counterpoint Unveil In-depth Industry Report on Adoption, Tech Advances on Smartphones’ Telephoto Lenses

The report looks into the rising popularity of telephoto lens-equipped smartphones and the reasons behind it. OPPO leads the trends and continues to bring the technology from flagship to mass-market models   January 2024 – A new report by market research firm Counterpoint sheds light on the evolving landscape of smartphone photography. According to Counterpoint…

EFCC Seeks Help of Zenith, Providus, Jaiz Banks in Humanitarian Affairs Ministry Probe, Receives Records

EFCC Seeks Help of Zenith, Providus, Jaiz Banks in Humanitarian Affairs Ministry Probe, Receives Records

The Group Managing Directors (GMDs) of Zenith, Providus and Jaiz banks, on Tuesday, honoured the invitation by the Economic and Financial Crimes Commission (EFCC), to hand over documents relating to accounts operated by the Ministry of Humanitarian Affairs to the anti-graft agency. A source from the Agency confirmed that the bank Czars, departed the Abuja…

Fidelity Family Weekend Thrills Families for Two Days

Fidelity Family Weekend Thrills Families for Two Days

In line with its commitment to provide lifestyle banking solutions and memorable experiences for its customers, leading financial institution, Fidelity Bank Plc, recently hosted customer 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…

CBN Mandates Banks on the Use of BVN, NIN for Transactions from 1 March, 2024

CBN Mandates Banks on the Use of BVN, NIN for Transactions from 1 March, 2024

Central Bank of Nigeria (CBN) has mandated the enforcement of the use of Bank Verification Numbers (BVN) and National Identity Numbers (NIN) for all bank transactions starting from March 1, 2024. The CBN’s circular, jointly signed by Chibuzo Efobi, Director of Payment System Management Department, and Haruna Mustafa, Director of Financial Policy and Regulation Department,…

CBN Appoints Hakama Sidi Ali as New Spokesperson

CBN Appoints Hakama Sidi Ali as New Spokesperson

The Central Bank of Nigeria (CBN) has appointed Mrs Hakama Sidi Ali, as its new Acting Director of Corporate Communications. Mrs Ali who is a prominent member of the Nigeria Institute of Public Relations (NIPR), she served as Deputy Director in the same Department at the Bank before her new appointment. The NIPR has for…

Fidelity Bank Set to Host 2-Day Family Entertainment Fiesta

Fidelity Bank Set to Host 2-Day Family Entertainment Fiesta

Fidelity Bank set to host 2 days of Family Entertainment …announces maiden edition of its Fidelity Family Weekend Fiesta. In the spirit of the Yuletide, leading financial institution, Fidelity Bank Plc, has announced plans to host the maiden edition of the Fidelity Family Weekend. Scheduled to hold on Saturday, 16 and Sunday, 17 December 2023…

 eNaira No Threat To Financial Stability – CBN

 eNaira No Threat To Financial Stability – CBN

“The eNaira structure continues to evolve and undergo modifications targeted at improving the user experience across all interfaces. We encourage Nigerians to embrace the technology for, amongst other things, greater financial inclusion.”   Abdulrahman Aliagan, Abuja The Apex Bank, Central Bank of Nigeria (CBN) has debunked a statement made round in some media platforms that…

Fitch Foresees Upgrade of Ecobank’s National Ratings as exchange-rate volatility recedes

Fitch Foresees Upgrade of Ecobank’s National Ratings as exchange-rate volatility recedes

Fitch Ratings says it foresees an upgrade of ENG’s National Ratings which would result from strengthening its creditworthiness relative to other Nigerian issuers. According to the international rating agency, it expects to resolve the Rating Watch Negative (RWN) of ENG “within the next six months when exchange-rate volatility may recede, the impact on regulatory capital…

AfDB Approves $115m Loan to Abia for Road, Erosion Projects

AfDB Approves $115m Loan to Abia for Road, Erosion Projects

The Board of Directors, African Development Bank (AfDB), has approved a loan of 115 million dollars to support a major road rehabilitation project in Abia State, Nigeria. This is contained in a statement issued by the Nigeria Country Department of the bank in Abuja. It said the project would see to the rehabilitation of roads,…

Wema Bank Debunks Cheque Forgery Allegation

Wema Bank Debunks Cheque Forgery Allegation

The attention of Management of WEMA BANK PLC has been drawn to the trending news in the media to the effect that a Magistrate’s Court in the Federal Capital Territory (FCT), Abuja, had issued a warrant for the arrest of our Managing Director, MR. ADEMOLA ADEBISE, in connection with a Garnishee proceeding for the payment…

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