The newly introduced flexible exchange rate policy by the Central Bank of Nigeria, CBN, which will allow market forces to fix rate for Naira has commenced on Monday, June 20, 2016. The new regime was introduced last Wednesday by the government and from what Aproko247 gathered, the Naira is changing in the region of 270…
It may be cold and rainy, but all you want is to indulge in is a cone or bowl of sweet ice-cream. With dozens of unbelievable ice-cream shops in Victoria Island, Lagos, you can enjoy a fresh cup of frozen goodness if you know the right places to go. Whether you’re looking for an indulgent…
Sterling Bank Plc says it has concluded the upgrade of its information technology infrastructure. The bank explained that this move is in line with its mandate to enrich the lives of its customers through efficient and prompt delivery of quality banking services, It would be recalled that about 24 months ago, Sterling Bank commenced the…
The trend of travelling to Cotonou, the largest city and economic centre of Benin, to purchase budget or foreign used cars is popular in Nigeria. With the high price tag of new cars, and the quick depreciation rate of new vehicles, investing in a used car may seem like a judicious option, but buyers still…
On Tuesday, the Chief Executive Officer of Zimbabwe Asset Management Corporation, ZAMCO, Dr Cosmas Kanhai, paid a courtesy visit to the head of a similar agency in Nigeria, Aminu Ismail of the Asset Management Corporation of Nigeria, AMCON. Kanhai was in Nigeria along with his top officers to see ways of collaborating with each other.…
Justice Fatun Riman of a Federal High Court, Kano, on June 9, 2016, granted the application of the EFCC, to try a former Skye Bank staff, Yagana Bukar, in absentia. Bukar was arraigned by the EFCC on a 10-count charge bordering on money laundering. The accused was first brought before the court in October 2013…
On Wednesday, the Central Bank of Nigeria, CBN, announced the floating of the country’s currency, Naira. Since then, several people have asked the meaning and implication of the new policy. Here are eight implications of the new regime as copied from a forum called Naijahottestgist, which we felt our readers can draw something from. 1)…
Ogun State Governor, Ibikunle Amosun, on Thursday, undertook an on the spot assessment of the level of completion of The Palms Store in Ota. Designed to be the biggest of the franchise stores in Nigeria, The Palms, is about 99 per cent completed and would soon throw open its doors to customers. While inspecting the…
Heritage Bank’s partnership with the Central Bank of Nigeria, CBN, in the N3billion Youth Innovative Entrepreneurship Development Programme, YIEDP, to empower young graduates has kicked into its second phase with the invitation of over 1500 applicants for a training workshop this week. Following the inauguration of the initiative by the CBN and the subsequent launch…
The management of Ecobank Nigeria has facilitated the arrest of the operational manager of its Ejigbo branch, Akhanenu Ikechukwu, 41, for allegedly withdrawing N14,014.157 from the account of two customers of the bank without authority. The accused was handed over to the Nigerian Police at the Ikoyi Division Lagos. The police also established that the…