The exemplary El-Rufai allegedly ordered banks to close government accounts

Governor of Kaduna state, Nasir el-Rufai has directed banks handling the state government accounts to close them and remit the deposits to the Central bank of Nigeria (CBN). El-Rufai explained that the decision was being taken ahead of the commencement of the implementation of the Treasury Single Account (TSA) framework by September 1. This was disclosed... Read More

The News Blog

banks, el rufai, govt acct, kaduna

August 4, 2015

Abike Dabiri-Erewa says she doesn’t owe anyone a thing

Former House of Representatives member, Abike Dabiri has debunked Nigerian Deposit Money Banks’ allegation that a company in which she is a director, Thriller Eneavours, owes Diamond bank N122 million. The Punch newspaper had earlier reported that Dabiri and some other firms owed banks N143.81 billion. She took to her Twitter handle on Tuesday to... Read More

The News Blog

Abike Dabiri-Erewa, banks, debts, twitter.

August 4, 2015

Banks release names of debtors and famous Nigerians like Abike Dabiri made the list

About 13 Nigerian Deposit Money Banks have released the names of their delinquent debtors and loan defaulters. So far, the banks that have released their list of debtors are; First Bank of Nigeria Limited, Access Bank Plc, Diamond Bank Plc and Unity Bank Plc. The other banks are; Zenith Bank Plc, Guaranty Trust Bank Plc, Union Bank Plc, Sterling... Read More

The News Blog

Abike Dabiri, banks, delinquent debtors, Emeka Offor

February 16, 2015

Financial literacy series: Steps to take before acquiring a new home

by Jewel Stephen Shelter is very important to the overall wellbeing of all, hence many people desire to own their own homes. But times are tougher these days and we are all watching our money. Banks are not as quick to lend money as they were a few years ago. However, there are many homes... Read More

The News Blog

acquiring a home, banks, financial literacy series

September 22, 2014

No bank verification number, no transactions, as @cenbank sets deadline

by Tunji Andrews In a circular by the Central Bank of Nigeria, the regulatory body has made it’s intention to accelerate the Bank Verification Number (BVN) Project in February 2014, which is being sponsored by the Bankers Committee. The CBN in its efforts in the development of a safe, reliable and efficient payments system in... Read More

The News Blog

banks, CBN, Dipo Fatokun, Finance, monetary policy

September 7, 2014

“I will probe Fayemi after my inauguration” || Ekiti Governor-elect, Fayose means business

by Azubuike Azikiwe Ayo Fayose, Ekiti State Governor-elect, has declared his intention to investigate all last minute contracts, payments and appointments made by the outgoing governor, Kayode Fayemi. In a series of Tweets on his Twitter handle during the week, he said he would look into the outgoing Governor’s recent employment spree, while also reiterating his... Read More

The News Blog

APC, appointments, Ayo Fayose, banks, Contracts, Ekiti State, elections, Governor, investigation, Kayode Fayemi, local council development areas, payments, PDP, PROBE

March 5, 2014

Opinion: Dear Mr. President, the unemployment rate in Nigeria is alarming

by Oladele John Nihi Your Excellency Sir, it’s my humble opinion that if there is a presidential directive mandating all federal government agencies both in the civil service, military and Para-military through the Head of Service of the Federation and Chief of Defense Staff to annually begin or start recruitment in all the federal parastatals... Read More

anyigba, applicants, aptitude tests, banks, Kogi State University, oladele john nihi, opinion, parastatals, political science, unemployment, ynaija

February 24, 2014

Here we go again: Airtel may be in deep financial trouble, court documents show

by ‘Jola Sotubo The number of times the operating identity of the telecommunications company now called Airtel has been changed is a constant subject of discussion among Nigerians. Many have been counting down to the next name change ever since the present owners took control and it seems that their predictions might be accurate afterall.... Read More

affidavits, Airtel, bankrupt, banks, court documents show, Econet, Vmobile, Zain

February 23, 2014

Sanusi Lamido Sanusi: Here is my side of the story (READ)

by Sanusi Lamido Sanusi I must say that there was no time when the CBN received any letter from the Financial Reporting Council of Nigeria. At no point were we given any letter to respond to over any financial allegations. Also, nothing in the letter declared that I did anything wrong. In the beginning As... Read More

banks, Bukola Saraki, Central Bank governor, Kings College, mint printing, My Story', nnpc, opinion, Presidency, Sanusi Lamido Sanusi, sector, Stock Exchange, ynaija

January 10, 2014

Opinion: Nigeria and its phantom MINT projections

by Nasir Suwaid The basic fundamental problem though is the fact that valid projections should always be premised on certain tangible factors of realism, conceptualism and a glaring self belief in the potentials of a nation striving to attain greatness in material wealth One of the universally accepted characteristic norms that is unique to every... Read More

December 15, 2013

BUSTED: Nigerian hacker jailed for £1.5 million fraud in the UK (PICTURED)

by ‘Jola Sotubo A Nigerian man living in the United Kingdom has been sentenced to spend 3 years in prison for fraud. Olajide Onikoyi, 29, hacked into various banks and removed money from the accounts of 238 people before he was finally arrested by the Cyber Crime Unit of the UK Met Police. Onikoyi carried... Read More

£1.5M, 3 years, accounts, banks, Fraud, Hacker, imprisoned, Nigerian, Olajide Onikoyi, phishing scam, Photo, students, uk

November 18, 2013

Banks threaten to shut down over detention of staff by DSS

by ‘Jola Sotubo According to reports, the Nigerian banking industry might be experiencing a shutdown soon if the Department of State Services (DSS) does not release the bankers it has been holding in custody. News has it that some prominent staff of about 18 banks have been ‘illegally’ detained by the DSS for a long... Read More

arrest of staff, banks, banks in Nigeria, Department of State services, detention of staff, DSS, Lamido sons, money laundering, nigeria, Nigerian banks, shutdown, Sule Lamido

November 15, 2013

Opinion: Dear CBN, no bank is too big to fail

by Abubakar Kasimu Abdullahi The Apex Bank need to critically monitor these said “Too Big to Fail” Banks as the profit they pose are of seventh heaven with no equal staff euphoria. To buttress my point; take Guaranty Trust Bank for example – it posted a PBT of N100billion in the last financial year and... Read More

Abdullahi kasumu, banks, CBN, Deputy Governor, fail, nigeria

September 23, 2013

Les Leba: A parable of a fool and his money

by Les Leba These banks, which currently post hundreds of billions of naira profits, are the same banks, which were also beneficiaries of over N5tn government funding in the last three years, according to recent reports from AMCON; meanwhile, revitalisation of the real sector has remained just a promise! The other day, a friend narrated... Read More

AMCON, banks, CBN, economy, fool, Les Leba, money, naira, parable, sanusi

September 17, 2013

Les Leba: CBN’s management of surplus cash as economic sabotage

by Les Leba Whether anyone chooses to agree with this analysis is not important; the truth remains clear that CBN instigates the oppressive burden of excess cash in the system, when it captures our dollar earnings and substitutes same with monthly naira allocations. It is bad enough to ever be in a position where one... Read More

banks, CBN, crude account, excess cash, Les Leba, suppress

August 23, 2013

Opinion: The commercialization of blood donations – An inquiry

by Okwuanya Pius-Vincent The million dollar question then is, why would you give away for free what you will spend money to buy when you need it and if a pint of blood is N6000, who keeps the profit? Dan Tracy, a reporter working for the Orlando Sentinel, a newspaper in Florida, United States once... Read More

banks, blood, caesarian section, donation, Dr Akanmu, hospitals, money, Okwuanya Pius-Vincent, opinion, surgical procedures, ynaija

July 22, 2013

Les Leba: Sanusi’s tall story on high interest rates

by Les Leba The stupendous profits posted by Nigerian banks at a time of contracting industrial activities and the current high unemployment rate is ample testimony of who are the actual beneficiaries of CBN’s curious strategy for maintaining economic and price stability. Nigeria’s hope of early economic rejuvenation and growth may have been sadly foreclosed... Read More

“Dr Ngozi Okonjo-Iweala, banks, borrowing, CBN, fiscal deficits, Lamido Samusi, naira, Nigerian, price stabiliuty, private sector, profits

January 25, 2013

CBN sets new deposit limits for banks

by Ebere Agina The Central Bank of Nigeria (CBN) has set new deposit limits for all categories of account holders and introduced three-tier Know Your Customer (KYC) requirements for banks. In a circular issued by the CBN to all banks and other financial institutions, signed by the Director, Financial Policy and Regulations Department, Chris Chukwu,... Read More

banks, CBN, Chris Chukwu, KYC, Sanusi Lamido Sanusi

January 25, 2013

Cyber-robbers: 3 hackers caught using a computer virus to steal millions of dollars from banks

Things are getting scary out there in cyberspace. Recently the feds announced that they caught three hackers who are being charged with using “one of the most financially destructive computer viruses in history.” This virus was stealing millions of dollars from banks around the world. The virus affected 40,000 computers in the United States, and... Read More

banks, dollars, Gozi, Hackers, Latvia, millions, NASA, Russia

November 30, 2012

“We have no protection in this country” – Eyewitnesses narrate Auchi armed robbery experience

by Isi Esene Eyewitnesses have continued to narrate their experience during the invasion on Monday of the polytechnic town of Auchi, Edo State, by armed robbers. The robbers were said to have stormed the town with sophisticated weapons succeeding in robbing four banks. The attack which reportedly lasted three hours left about 15 people... Read More

armed robbery, Auchi, banks, barracks, Edo state, Iyabo Omon, Shaka Hamza, soldiers

November 9, 2012

TICKER: Voices can still be heard in rubble of collapsed shopping centre in Accra

Voices can still be heard in the rubble of a multi-storey shopping centre in Ghana’s capital, Accra, 48 hours after it collapsed, rescue workers have said. So far 78 people have been pulled out from beneath the debris of the Melcom store – nine of them dead and 69 alive. Faulty construction has been blamed... Read More

banks, John Dramani Mahama, Melcom, shopping centre

August 13, 2012

Lagos is not broke, says Fashola (but, em, it’s drowning under foreign debt)

by Stanley Azuakola Be not afraid, Lagosians, your state is not broke. That was the assurance given by the Lagos State governor, Babatunde Fashola, in an interview he granted to BusinessDay newspaper. Governor Fashola however, did admit the following: His administration has floated two bonds (the N50 billion, 5-year, 13 percent series 1 and the... Read More

babatunde Fashola, banks, bonds, brt, debt, lagos, loans

August 6, 2012

We have since returned the $500m Abacha loot – Swiss envoy

by Isi Esene The outgoing Swiss ambassador to Nigeria yesterday revealed that its government has returned $500m loot stolen by late military dictator, General Sani Abacha and stashed in banks in the European country. Ambassador Andreas Baum, whose tenure ends this month after four years of service in Nigeria, however, said that the money allegedly... Read More

Andreas Baum, banks, nigeria, Sani Abacha, Swiss, Switzerland

July 17, 2012

Ijeoma Nwogwugwu: Feeding Fat off Customers’ Money

by Ijeoma Nwogwugwu In 2004, the National Electric Power Authority (now Power Holding Company of Nigeria) lost over N400 million to a first generation bank in the form of excess charges and interest penalties. A year earlier, the Lagos State Government was reported to have suffered a similar fate when a bank short paid it... Read More

banks, CBN. nigeria, money

June 26, 2012

Mainstreet bank dismisses 800 workers

by Tolu Orekoya 800 workers from the former Afribank Plc (now Mainstreet Bank) got their pink slips on Friday last week. The firing came despite being told by the federal government and organised labour to keep staff on the payroll until disputes between management and staff were resolved. A few days earlier, discussions between the Ministry of... Read More

banks, Federal Government, Fire, mainstreet bank, nigeria, organised labour, union

June 18, 2012

#InCaseYouMissedIt: Money laundering scandal rocks Nigerian Embassy as U.S. freezes accounts

by Chi Ibe Bank of America, M&T Bank and Wells Fargo received directive from the US government to close the accounts of the Nigerian embassy in Washington and its consulate in New York on suspicion of money laundering after traffic on the various accounts raised a red flag. Report from the Leadership claim the decision... Read More

bank of america, banks, BoA, frozen, money laundering, nigeria, USA, Wells Fargo

The exemplary El-Rufai allegedly ordered banks to close government accounts

Abike Dabiri-Erewa says she doesn’t owe anyone a thing

Banks release names of debtors and famous Nigerians like Abike Dabiri made the list

Financial literacy series: Steps to take before acquiring a new home

No bank verification number, no transactions, as @cenbank sets deadline

“I will probe Fayemi after my inauguration” || Ekiti Governor-elect, Fayose means business

Opinion: Dear Mr. President, the unemployment rate in Nigeria is alarming

Here we go again: Airtel may be in deep financial trouble, court documents show

Sanusi Lamido Sanusi: Here is my side of the story (READ)

Opinion: Nigeria and its phantom MINT projections

BUSTED: Nigerian hacker jailed for £1.5 million fraud in the UK (PICTURED)

Banks threaten to shut down over detention of staff by DSS

Opinion: Dear CBN, no bank is too big to fail

Les Leba: A parable of a fool and his money

Les Leba: CBN’s management of surplus cash as economic sabotage

Opinion: The commercialization of blood donations – An inquiry

Les Leba: Sanusi’s tall story on high interest rates

CBN sets new deposit limits for banks

Cyber-robbers: 3 hackers caught using a computer virus to steal millions of dollars from banks

“We have no protection in this country” – Eyewitnesses narrate Auchi armed robbery experience

TICKER: Voices can still be heard in rubble of collapsed shopping centre in Accra

Lagos is not broke, says Fashola (but, em, it’s drowning under foreign debt)

We have since returned the $500m Abacha loot – Swiss envoy

Ijeoma Nwogwugwu: Feeding Fat off Customers’ Money

Mainstreet bank dismisses 800 workers

#InCaseYouMissedIt: Money laundering scandal rocks Nigerian Embassy as U.S. freezes accounts

Recent Posts

Categories

Recent Comments

YNaija

Tags