The Association of Corporate Affairs Managers of Banks (ACAMB) has insisted that financial institutions do not have any reason to hoard the currency in the face of enormous hardships facing Nigerians. The association also argued that banks have invested over N100 billion in the past few years in setting up […]
BANKING
By Idris Bakare The Central Bank of Nigeria (CBN) has directed banks to commence the payment of the new Naira notes over the counter. However, this is subject to a maximum daily payout limit of N20,000. Before now, the redesigned notes could only be paid through ATMs. The bank has […]
Following allegations of unlawful disclosure of banking records to a third party and unlawful access and processing of personal data, the Nigeria Data Protection Bureau has opened an investigation into allegations of data breach by GT Bank and Zenith Bank. In a statement by Babatunde Bamigboye, Head, of Legal Enforcement and […]
By Idris Bakare The Central Bank of Nigeria (CBN) has launched the Nigerian National Domestic Card Scheme, Afrigo. Launching the card virtually, the Governor of the Central Bank of Nigeria, Godwin Emefiele said that transaction charges on all cards would henceforth be paid in naira, except for international transactions. According […]
By: Idris Bakare In furtherance of its Naira Redesign policy and in recognition of the need to maximise the channels through which underserved and rural communities can exchange their Naira, the Central Bank of Nigeria (CBN) has launched a Cash Swap programme in partnership with Super Agents and Deposit Money […]
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the 2023 edition of its Nigeria Economic Outlook event. The virtual event themed “Nigeria Economic Outlook 2023: A look ahead” is scheduled by 8:30 am on Friday, 20 January 2023, via Zoom meeting. To […]
Dr Adesola Adeduntan, Managing Director/Chief Executive Officer of First Bank Nigeria Limited, has advised financial institutions in the country to be vigilant and improve the monitoring of their customers’ loans in order to prevent the industry from building up non-performing loans (NPLs) as a result of macroeconomic challenges. In an […]
The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr Adesola Adeduntan, in this interview with THISDAY reviewed the performance of the global economy in 2022 and advised businesses and their bankers to approach 2023 with a partnership mindset to ensure that a win-win outcome is achieved despite the […]
By Farouk Mohammed The 2022 edition of “#DecemberIssaVybe” by FirstBank, Nigeria’s premier financial institution, has stood the test of time as it yet again created exciting opportunities for individuals and families to come together to celebrate the end of the year. The listed events promoted by the Bank birthed memories […]
Hey Guys! What’s your VYBE! What makes you come alive… FirstBank is celebrating your vybe this month with #DecemberIssaVybe… wanna win the amazing prices that are up for grabs like concert tickets to see Asake, etc…Here’s how! -Upload a 30 to 60 seconds video that showcases your vybe over the […]