Naija news headlines & latest celebrity gists from Nigeria, covers subjects of sports, politics, celebrities and latest news headlines
-
Nigerian Pastor Exposes How Banks Give Billions in Loans to Churches For 'Extortion' of Members
Prophet Israel Ogundipe of the Celestial Church of Christ, also known as Genesis, recently discussed how banks are offering significant loans to churches to aid in their global expansion. Speaking with Nigerian On-Air Personality Ifedayo Olarinde, popularly known as Daddy Freeze, during an Instagram Live session on August 27, 2024, Ogundipe shared -
Why Six Banks Were Disqualified From FX Auction - CBN Gives Reason
The Central Bank of Nigeria says six out of 32 banks that bid for foreign currency at its recently launched retail Dutch Auction System were disqualified because they failed to meet requirements.CBN disclosed this in a statement by its Director, Financial Markets Department, Omolara Duke.It was reported that CBN sold $876.26 million at an N1,495 p -
'Banks Spend $50m On Private Jet Maintenance Annually, Flamboyance Must Stop' – Otedola Laments
Femi Otedola, billionaire businessman, on Wednesday, reacted to the 70 per cent windfall tax proposed by the Federal Government on foreign exchange gains of banks.Supporting the proposition, the Chairman of FBN Holdings, in a statement, slammed the banking sector for its $50m estimated bill on maintaining private jets and an even higher bill on th -
CBN Directs Banks to Transfer Dormant Accounts & Unclaimed Balances to The Apex Bank
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to deposit unclaimed balances and funds in dormant accounts to the apex bank accounts.CBN also issued regulatory guidelines for account owners and beneficial owners to recover their funds dormant for up to 10 years.The apex bank outlined the regulations in a docu -
Singer, Reekado Banks Celebrates Wizkid On His Birthday
Singer Reekado Banks has his colleague, Wizkid on his 34th birthday and praise his impact on the afrobeat genreIn a post on X, Banks joined millions around the globe in honouring the Grammy-winning artiste.He lauded Wizkid for inspiring a new generation of afrobeats artistes, writing, “Happy birthday to the biggest bird @wizkidayo. Your talent -
CBN To Sanction Nigerian Banks For Rejecting US Dollars Notes
The Central Bank of Nigeria (CBN), disclosed plans on Tuesday, to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the United States of America Dollars.In a circular issued by the Ag. Director of Currency Operations Department of CBN, with reference: COD/DIR/INT/CIR/001/017, the apex bank said its market intelligenc -
CBN Issues New Guidelines On Deposit Of Foreign Currency Notes By Banks
The Central Bank of Nigeria (CBN) has introduced updated guidelines for Deposit Money Banks (DMBs) concerning the deposit of foreign currency notes, aimed at enhancing operational efficiencies and boosting market liquidity.According to a circular issued by Mohammed Solaja, Director of Currency Operations at the CBN, and posted on the bank's o -
CBN Debunks Plan To Revoke Licenses Of Fidelity, Wema, Polaris, Unity Banks
The Central Bank of Nigeria has said there is no plan to revoke the licenses of Fidelity, Wema, Polaris and Unity Banks.The acting Director of the Corporate Communications Department, Mrs Hakama Sidi Ali, on Monday, made this clarification in a statement.Recall that a circular made the round on Monday suggesting that the apex bank has dissolved th -
Fuel, Health, Schools, Courts, Banks,Others To Be Shut As Strike Begins Today Over Minimum Wage
Fuel distribution, health, bank and other essential services nationwide will be shut from today as organised labour begins an indefinite strike over minimum wage and the recent hike in electricity tariff.But the Federal Government in a swift reaction yesterday, warned the Nigeria Labour Congress, NLC, and the Trade Union Congress, TUC, to shelve t -
'Stop implementation' – CBN Sends Messages To All Banks On Cybersecurity Levy
Central Bank of Nigeria, CBN, has asked all banks to stop the implementation of a 0.5 per cent cybersecurity levy after President Bola Ahmed Tinubu’s directive on its suspension.The withdrawal was disclosed in a notice dated May 17, 2024, signed by Chibuzo Efobi, CBN’s director of Payment System Management, and Haruna Mustapha, the Director of -
VIDEO: Singer, Reekado Banks Shows Off His Pending Multimillion Naira Project
Nigerian singer Reekado Banks has left social media users stunned with his ongoing multimillion-naira projectReekado Banks displays his pending multimillion naira projectIn a recent Instagram post, he shared a video flaunting his impressive project, still under construction.The video features Reekado Banks inspecting the property alongside a compa -
EFCC Warns Banks Against Unauthorized Disclosure Of Information To Customers
The Economic and Financial Crimes Commission (EFCC) has issued a stern warning to compliance officers in banks across Nigeria, urging them to refrain from disclosing unauthorized information regarding the EFCC's investigative activities and requests made to their customers.The declaration came from the Executive Chairman of the commission, Ol -
UPDATE: CBN Releases List Of Licensed Deposit Money Banks In Nigeria
The Central Bank of Nigeria has released a list of 44 licensed deposit money banks in Nigeria. The apex bank made this public in a post released on its official website on Tuesday. According to CBN, Seven banks, including Zenith Bank, Access Bank, First Bank, First City Monument Bank, United Bank of Africa, Fidelity, and Guaranty Trust Bank, have -
NIMC Partners With Banks For Seamless Process For The New National ID Card Distribution
In a move aimed at enhancing efficiency and convenience, the National Identity Management Commission (NIMC) has announced a groundbreaking initiative for the distribution of the upcoming national ID card. The commission revealed that the distribution process will now be handled through individuals' banks, revolutionizing how Nigerians access -
CBN Prohibits Foreign Currency Collateral For Naira Loans, Banks Given 90 Days To Comply
The Central Bank of Nigeria (CBN) has instituted a significant policy shift, barring Deposit Money Banks (DMBs) from accepting foreign currency-denominated collateral to secure naira loans. This directive, conveyed through a letter signed by Adetona Adedeji, the acting Director of the Banking Supervision Department, seeks to reshape lending practi -
CBN Sets New Minimum Capital Requirements For Banks At N500 billion
The Central Bank of Nigeria (CBN) has introduced revised minimum capital requirements for banks, stipulating a minimum capital base of ₦500 billion for commercial banks with international authorization.In a circular addressed to all commercial, merchant, and non-interest banks, as well as promoters of proposed banks, the Director of the Financia -
BREAKING! CBN Increases Capital Base For Commercial Banks
The Central Bank of Nigeria (CBN) has raised the capital base for commercial banks with international authorisation to N500bn and national banks to N200bn.CBN confirmed this on Thursday, in a statement signed by its Acting Director, Corporate Communications, Sidi Ali.The apex bank’s move mandates substantial increases in the minimum capital base -
Singer Reekado Banks Argues Music Money Is Bigger Than Football Money After He Buys 16 Houses At Once
Popular Nigerian singer Reekado Banks has set tongues wagging by reportedly purchasing 16 houses all at once.The former Mavin Records artist took to social media to share a glimpse of his latest acquisition, showcasing a sprawling mansion still under construction.According to the 30-year-old singer, the significant investment was not just about ow -
BREAKING: CBN Directs Banks, Authorised Dealers To Use Reviewed Circulars, Guidelines
The Central Bank of Nigeria (CBN) has instructed Deposit Money Banks (DMBs), Licensed Non-interest banks, and other authorized dealers utilizing its discount window to adhere to new (revised) circulars and guidelines.CBN gave this directive due to its discovery that some old circulars and guidelines are still being used despite being replaced by n -
VIDEO: Two Person Killed As Gunmen Attack Multiple Banks In Kogi
Unknown gunmen, on Thursday, attacked several banks in the busy town of Aiyingba, Kogi State.According to a now viral video, residents and motorists were seen running for safety as gunshots rented the air.Security personnel were also seen exchanging gunfire with the armed robbers.It was gathered that the affected banks include First Bank, Union Ba -
VIDEO: Heavily Armed Robbers Attack Two Commercial Banks in Kogi
A group of notorious armed robbers att@cked two commercial banks in Anyingba, Dekina Local Government Area of Kogi state on Thursday, March 7. The robbers stormed the banks, shooting sporadically into the air.Security operatives however swiftly swung into action and engaged the criminals in a serious gun battle.Efforts to reach the State Command o -
Don Jazzy Changed My Life, I Left Mavin Records Amicably - Singer, Reekado Banks Reveals
Oftentimes in the Nigerian music industry, when artists leave their record labels, it's over irreconcilable differences.Reekado Banks is however one of the exceptions to this norm as he shares that he left Mavin Records on an amicable note.While appearing in an interview with media personality Daddy Freeze, Reekado was asked by the veteran OA -
EFCC Reveals How 70 Percent Of Financial Crimes In Nigeria Are Connected To Banks
The Economic and Financial Crimes Commission (EFCC) has disclosed that approximately 70 percent of financial crimes in Nigeria are linked to banks.Ola Olukoyede, the Chairman of the anti-graft agency, revealed this during his address at the 2023 Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria, he -
Jubilation As CBN Orders Banks To Pay Customers Money Sent From Abroad In Naira
Nigerian banks have begun full implementation of the Central Bank of Nigeria’s revised guidelines on international money transfer operations in the country.CBN had on Wednesday, January 31, issued the revised guidelines on international money transfers which halted the payment of dollars to customers, among others.This means that Nigerians who r -
VIDEO: Charly Boy Admits To Scamming Banks Before The 419 Trend Gained Momentum
Renowned artist, Charles Oputa, popularly known as Charly Boy, has admitted to engaging in bank scams before the notorious 419 fraud became popular in Nigeria.He disclosed this in the latest episode of The Honest Bunch Podcast, co-hosted by actor, Chinedu Ani Emmanuel, also known as Nedu. “I was scamming banks. Even before una begin hear of 419, -
CBN Bans Banks And Fintechs From International Money Transfer Services
The Central Bank of Nigeria (CBN) has banned banks and financial technology companies (fintechs)across the country, from offering international money transfer services.This development is outlined in the revised guidelines for the operations of International Money Transfer Operators (IMTOs), officially released on January 31, 2024.According to the -
Isaac Fayose Tells Tinubu To Close Down Nigerians' Domiciliary Accounts In Different Banks
Isaac Fayose, the brother to a former governor of Ekiti state, Ayo Fayose has asked President Tinubu to shut the domiciliary accounts of Nigerians in different banks in the country.According to him, this will solve the depreciation of the Naira against the Dollar.In a video that has gone viral, Isaac said the President should give a directive that -
CBN Orders Banks to Sell Excess Dollars in 24 Hours in a Bid to Revive The Naira
The Central Bank of Nigeria (CBN) has instructed Deposit Money Banks to sell off their excess dollar stock by February 1, 2024.This comes amid its fresh moves to stabilise Nigeria’s volatile exchange rate.The CBN gave this order in a new circular released on Wednesday.It also warned lenders against hoarding excess foreign currencies for profit.A -
BREAKING: CBN Dissolves Boards Of Union, Keystone, Polaris, Titan Banks
The Central Bank of Nigeria (CBN) has disolved the boards and management of Union Bank, Polaris Bank, Keystone Bank and Titan Trust Bank.The apex bank made the disclosure in a formal statement that was uploaded to its official X microblogging account.The statement reads, “The Central Bank of Nigeria (CBN) has disolved the boards and the managem -
The CEOs of Zenith, Providus, & Jaiz Banks Invited by EFCC Over Betta Edu's Fraud Case
News and Updates
Popular Stories Today
Top Stories This Week
Presidency Clears The Air on Ordering CBN Gov. Yemi Cardoso to Resign Over Free Fall of Naira
VIDEO; Watch Moment FBI Found Over 1000 Bottles Of Baby Oil & Lubricant In Diddy’s House
See Fans' Reactions As Video Of Davido Riding An Okada Leaks
Lady Lucky To Be Alive After Her Screams Alerted Hotel Staff Who Found Her Tied Up By Suspected
‘I’m A chosen, Who Are You?’- Nigerian Striker, Olatunji Shows Off Viral Slang In Champions Lea
66Yr Old Salisu Ahmed Lived With HIV For 31Yrs Share How He Was Cured Through Stem Cell Transpl
Abacha Was Even More Accessible Than Tinubu - Ex APC Vice Chairman Salihu Lukman
VID: I Can't Feed My Family Again; I Make N20k Daily But Spend N17k On Fuel —Taxi Driver Lament
TOP MEMBERS:
- gogoman1406
- felicilin 1009
- fineboy77 299
- kacylee 212
- kp45 187
LATEST COMMENTS
- smart61 on: Newborn Baby Breaks Internet With Shocking Star..
Where’s the video? (1 hour ago) - tonyigho on: Court’s Injuction On 27 Decamped Rivers Lawmake..
That is to tell you that the judiciary is the problem of our country Nigeria, compromising the tru.. (1 hour ago) - gogoman on: Davido Babymama, Sophia Momodu Choke Internet A..
:D :D :D all these stupid half plot 4 bedroom una dey called mansion ::) ::) ::) (1 hour ago) - gogoman on: Tragedy Strikes As Farmer St@bs Friend To Death..
mmmmmmmmmmmm (1 hour ago) - gogoman on: Ghanaian Court Sentences Nigerian Lady, Favour ..
[quote author=fineboy77 link=topic=603777.msg6020883#msg6020883 date=1726866503]I always condemn t.. (2 hours ago)
SECTIONS
- Politics
- Celebs/Entertainment
- Romance
- Metro
- Sports
- Law / Crime
- Education
- Religion
- Family
- Comedy/Funnyhub
- Forum Games