Middle Belt Youths Forum slams Akpabio for criticizing Emefiele Accuses Senate President of patronizing executive, seeking favors Defends Emefiele’s handling of naira, calls out Akpabio’s alleged corruption Eko Hot Blog reports that the Middle Belt Youths Forum (MBYF) has come out swinging against Senate President Godswill Akpabio for his recent comments demonizing former CBN Governor … Read more
CBN introduces new capital requirements for Nigerian banks to bolster sector resilience. Commercial banks with international authorization must now have N500 billion capital. Non-interest banks need to meet capital thresholds of N20 billion (national) and N10 billion (regional). Eko Hot Blog reports that in a move aimed at fortifying the Nigerian banking sector, the Central … Read more
CBN has lamented over the poor repayment of the apex bank loans provided to the public. EKO HOT BLOG reports that the Deputy Governor (Financial System Stability Directorate) of the Central Bank of Nigeria, Aishah Ahmad, has expressed concerns over the poor repayment of loans provided by the apex bank. Aishah, while speaking at the … Read more
If you’re finally tired of Zenith Bank, Kuda Bank, GTB and other Nigerian banks’ issues, below is how to report your bank to CBN …See What you should know, how to lodge a complaint with the CBN EDITOR’S PICK 2023: APC Commences Sale Of Nomination Forms House Of Assembly Member Dumps APC For PDP [PHOTO] … Read more
CBN has removed ATM maintenance fee and also reduced other bank charges. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has reviewed charges and rates for electronic banking operations in the country. The development was disclosed in the CBN new ‘Guide to Charges to Banks Other Financial and non-financial, on Thursday, 27th … Read more
FG to toll Lagos-Ibadan Expressway second Niger Bridge and Abuja-Kano road to repay loans The Federal Government on Wednesday said it is going to toll the Lagos-Ibadan Expressway, the ongoing 2nd Niger Bridge, and Abuja-Kano road, to repay loans used to build them. The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, disclosed on Wednesday … Read more
It was a rude shock when I read in the news that the CBN dissolved the board of directors of First Bank and its holding company over the sack of the MD, Dr. Olusola Adeduntan, whose tenure was yet to be over. As I read the news, one name and face came to mind: Mrs. … Read more
The Central Bank of Nigeria is set to investigate merchants that have refused to comply with its directives on the Point of Sale charges. The apex bank had directed merchants to stop the deduction of additional N50 stamp duty on PoS transactions carried out by customers. Investigation revealed that some outlets have refused to comply … Read more