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ATMs MACHINE AND FAKE N1000 NOTES
Automated Teller Machines (ATMs) now dispense counterfeit currencies, a disturbing development in the banking industry, particularly the N1000 notes, which is the highest denomination in the country. A...
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Sanusi undergoes secret medical surgery in France, returned yesterday
CBN Governor Returns Secretly From Surgery in France The Central Bank Governor of Nigeria, Alhaji Sanusi Lamido Sanusi, arrived Nigeria yesterday from a medical trip in France. The Governor was said to...
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Liberty Reserve Shut-down as Owner Arthur Budovsky Belanchuk Arrested
Arthur Budovsky Belanchuk, 39, on Friday was arrested in Spain as part of a money laundering investigation performed jointly by police agencies in the United States and Costa Rica. Costa Rican...
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Sanusi: Nigeria Central Bank Shouldn’t Rush to Cut Rates
Governor of central bank of Nigeria, Mallam Lamido Sanusi has said the country’s apex bank shouldn’t rush to cut interest rates even as inflation is forecast to remain within its target this year. He...
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See More Evidences, Sanusi Can’t Shake Off Sex Scandal
The Nigeria’s Central Bank Governor, Sanusi Lamido Sanusi, appears unable to shake off a report that he funneled public funds to Maryam Yaro, a married mistress whom he gave a job at the bank he...
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CBN Extends Cashless Policy To Five States and FCT
The Nigeria Central Bank (CBN) cashless policy will soon take off in five other states of the federation and the Federal Capital Territory. The Bankers Committee at a meeting in Abuja on Tuesday listed...
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Report All Boko Haram Accounts – CBN orders banks
The Nigeria Central Bank, CBN, ordered banks and other financial institutions in the country to report accounts belonging to the Jamaatu Ahlis-Sunna Liddaawati wal Jihad sect also known as Boko Haram...
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N27b fraud: Former Bank PHB boss, Francis Atuche has case to answer
The former Managing Director of Bank PHB Plc, now Keystone Bank Limited, Francis Atuche; his wife, Elizabeth; and his associate, Ugo Anyanwu, and others are to answer charges against them by the...
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Nigeria’s $1bn Eurobond oversubscribe by Investors
In a sign that the international investor community has confidence in the Nigerian economy, the country’s second Eurobond was oversubscribed, raising the intended total of $1bn. The sale of the five-...
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Egyptian central bank tells banks to shut early ahead of army deadline
Egypt’s central bank has order banks to close their branches early and has advanced the time for a foreign currency auction, a banker said, ahead of an army deadline on Wednesday that could trigger a...
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13 Nigerian banks make World’s Top 1000
Zenith Bank, First Bank of Nigeria Plc, Guaranty Trust Bank Plc, Access Bank Plc, are among the 13 Nigerian banks that made the list of this year’s Top 1000 World Banks Ranking of The Banker magazine...
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Greece looks to be on track to return to growth; set to receive 8.1 bn euros...
European Creditors concluded a technical audit of reforms in Greece on Monday, opening the way for payment of 8.1 billion euros in fresh aid if finance ministers approve the audit report, officials...
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Boko Haram: Shekau Denies Cease-Fire With FG
The leader of the Nigerian Islamist militant group Boko Haram denied that it entered into a cease-fire agreement with the government and endorsed an attack last week on a school in northeast Yobe...
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Pat Utomi Says Yar ’Adua, Sanusi, Conspired to Take Over Bank PHB
Renowned economist Prof. Pat Utomi, who appears ss star witness fora accused Bank PHB MD Atuche, yesterday told an Ikeja High Court that the late Umaru Musa Yar’ Adua, Central Bank of Nigeria (CBN)...
View ArticleNSE Plans To Halt Trading Over Volatility
Nigerian Stock Exchange(NSE) plans to halt trading if there’s a drop of 5 per cent in a bid to avert a crash in an index that’s rallied 31 per cent this year, the second-best performing equity market...
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Bank Manager caught robbing his own bank
An Operations Manager with an new generational bank in Agbor, Delta State has been arrested by the authorities for allegedly conniving with an armed robbery gang that raided the bank, last weekend. The...
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GTB acquires 70% shares of Kenyan bank
Guaranty Trust Bank (GT Bank) yesterday announced that it had reached an agreement to acquire a 70 per cent stake in Kenya’s Fina Bank Limited for $100 million (N16 billion). Fina Bank has total assets...
View ArticleCBN, SEC urged to compensate shareholders of nationalised banks
shareholders should not be allowed to suffer for the offence of others Chief Executive Officer, Standard Union Securities Ltd., Mr Sehinde Adenagbe, has called on capital market regulators to...
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Arsenal sign three-year partnership deal with Sterling bank
English soccer club Arsenal have agreed a three-year deal with Nigeria’s Sterling Bank. The partnership will lead to the creation of a range of co-branded debit cards in the country. Additional...
View ArticleWema Bank raises N40bn fresh capital
Wema Bank Plc on Thursday said its capital raising exercise had led to the injection of N40bn fresh capital into the company. As a result, the bank said it had initiated the process of implementing its...
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