To curb or reduce and illegal banking transaction in Nigerian banking system, Central Bank of Nigeria (CBN) in 2015 directed all account holders home and abroad to enrol for a bank verification number also known as BVN. BVN is an 11 digit identification number that gives every Nigerian with a bank account a unique identity…
The on-going Cowbellpedia Mathematics Television Quiz Show has continued to generate big excitement as one of the contestants; Jessica Austine revealed last weekend that she draws her inspiration for Mathematics when she dances. Austine, 13, a student of Federal Government Girls College, Owerri, Imo State explained that she loves dancing which inspires her to solve…
At the recent MEDEF Summer University Forum in Paris, the annual meeting of French business and political leaders, Tony Elumelu, Chairman, Heirs Holdings and UBA Plc and Founder of the Tony Elumelu Foundation, stressed the opportunities Africa offers and urged stronger business relationships between France and Africa; calling for a deepening of commercial relationships based…
Guaranty Trust Bank Plc, GTBank, is giving innovative banking a priority. The *737* mobile banking code emerged out of the need to meet and exceed customers’ expectation. It is a mobile channel, which enables the bank’s customers to conveniently perform third party transfers to both GTBank and other bank account holders in Nigeria via mobile…
If quality and affordability is what you are looking for, look no further. East, West, North or South; Peak Wazobia Milk is the brand that provides quality nutrition to all classes of people at a pocket friendly price. Milk is a highly essential and nutritious dairy product fortified with essential nutrients to enhance the performance…
United Bank for Africa Plc, announced its Audited 2016 Half Year Financial Results for the period ended 30 June 2016 showing the bank recorded gross earnings of N166 billion, net operating income of N109 billion and profit before tax of N40 billion. The bank also recorded a significant growth in total assets, rising 20% to…
The internet has revolutionized the way people shop around the world and online shopping is now a huge movement. Nigeria is not lagging behind in the trend either, as people in the country – visitors and locals- tend to prefer online shopping over conventional shopping these days. Of course, there are many reasons for Nigerians…
On Tuesday, the Central Bank of Nigeria, CBN, suspended nine banks in Nigeria from trading in the foreign exchange market. But the ban placed on one of the affected banks, the United Bank for Africa, UBA Plc, has now been lifted. UBA disclosed in an email on Wednesday night that it has now be readmitted…
Budding entrepreneurs who attended the first edition of the Nigerian Small Business Summit on the 24th August at the Landmark event centre were warned to stay away from bank loans at the start of their businesses. Kushal Dutta, Managing Director of Africa’s number one hotel booking portal Jumia Travel Nigeria, gave the warning during a…
Customers of Diamond Bank Plc have been reassured of enhanced quality service delivery and commitment to meet banking obligations despite the announcement by the CBN that nine commercial banks (inclusive of Diamond Bank) have been barred from foreign exchange transactions for alleged infringement on the Treasury Single Account (TSA) directive last year. The Bank stated…