APC leaders not interested in Godwin Emefiele for the 2023 presidential election Reports revealed that Buhari wants Godwin as his successor EDITOR’S PICK Train Attack: Tinubu Visits Kaduna, Donates ₦50 Million To Victims Over 1500 Fake Workers Detected In Civil Service – FG 2023: PDP Zoning Committee Concludes Sitting EKO HOT BLOG reports that the … Read more
CBN Imposes N400 Penalty For Every Bad N100 Notes. Director, currency operations department of CBN, Ahmed Umar said that the existence of mutilated banknotes in the economy falsified the true value of the currency in circulation. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMB) to stop … Read more
BDCs seek return of its members to mainstream foreign exchange (FX) business, says Our inclusion will stabilise the market It faulted the claims that the naira has remained largely stable following the stoppage of FX allocation to its members, arguing its operation is part of the stabilisation mechanism the market needs EDITOR’S PICK: MTN Nigeria … Read more
The Central bank of Nigeria has disclosed that the Naira In Circulation Drops By N37.84 Billion In February 2022 CBN in her communique of the recent 284th MPC meeting disclosed that they disbursed a sum of N29.67 billion between January and February 2022 under the Anchor Borrowers’ Programme (ABP) for the procurement of inputs and … Read more
How To Apply For CBN Agric Small and Medium Enterprise Scheme (AGSMEIS) Loan In Nigeria can be accessed below. Eko Hot Blog reports that the Agric Small and Medium Enterprise Scheme (AGSMEIS) is an initiative of the Central Bank of Nigeria (CBN) to empower agric businesses across the country. In this post, you will learn how to apply for the … Read more
Latest NPower News on the position of exited batches A & B beneficiaries can be read on EKO HOT BLOG The ministry is in the process of training those that have indicated interest. And I’m sure before the end of this quarter, these people will be given these loans by the CBN. EKO HOT BLOG … Read more
CBN to stop dollar sales to banks by end of 2022, says they must start sourcing FX from export proceeds EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has said that it would discontinue the sale of foreign exchange to Deposit Money Banks (DMB) by the end of the year. The CBN … Read more
NMFB New NIB Loan Approvals Are Out EKO HOT BLOG reports that the management of Nirsal Microfinance bank, NMFB, has given a new update regarding the Non-interest Banking NIB loan. This was contained in a statement released by NMFB recently. Read Also: NPower News: How To Know If Your Nexit Training Confirmation Was Done Correctly It reads, “New … 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
CBN has retained Monetary Policy, See New Interest Rate below Eko Hot Blog reports that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) led by Godwin Emefiele, has voted to retain the monetary policy rate (MPR), which measures interest rate, at 11.5 percent. This online news platform understands that the Monetary Policy Rate (MPR) … Read more
Soludo, a former Governor of the Central Bank of Nigeria, won the November 6, 2021 gubernatorial election in Anambra State… EKO HOT BLOG reports that the Anambra State Governor-elect, Charles Soludo, has appointed former Minister of Education, Obiageli Ezekwesili, as the head of his transition team. Soludo, who is expected to be inaugurated in March … Read more
Standard Chartered Launches Agency Banking EKO HOT BLOG reports that Standard Chartered has launched its agent banking service as part of its digital banking proposition to clients. Speaking at the signing ceremony in Lagos, head of Consumer, Private and Business Banking at Standard Chartered Bank Nigeria Limited, David Idoro said: “we are pleased to launch … Read more
CBN has approved Abdullahi to succeed Babalola as FBNH Chairman. Eko Hot Blog reports that the Central Bank of Nigeria has approved the appointment of Alhaji Ahmad Abdullahi as non-executive Director of First Bank Holding Plc and Chairman of the company This follows the recent resignation of the former Chairman of the company, Mr Remi Babalola. The CBN’s approval of … Read more
Throughout 2021, the Central Bank of Nigeria (CBN) implemented various reforms and policies to ensure economic and financial stability. Eko Hot Blog understands that while it received kudos for some of its policies, the apex bank also received knocks from Nigerians. In this post, Eko Hot Blog looks at five major policies of the CBN that … 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
Kogi Govt has dragged EFCC to court and demanded N35bn. EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC) has been dragged to court by the Kogi State Government as earlier threatened over the N19.3bn bailout fund allegedly hidden in a secret account by the state government. The EFCC said the money … Read more
The Managing Director/Chief Executive of Access Bank Plc, Mr Herbert Wigwe, in an interview with Cable News Network (CNN) speaks on the bank’s move to break more grounds and expansion move into other African nations EKO HOT BLOG gathered that Access Bank Plc is putting in more effort to conquerer the African nations in a … Read more
Ecobank Nigeria bags “Consumer Finance Product of the Year” award at the Middle East & Africa (MEA) Retail Banking Innovation Awards organized by Digital Bankers. EKO HOT BLOG reports that the Middle East & Africa (MEA) Retail Banking Innovation Awards has named Ecobank Nigeria winner of “Consumer Finance Product of the Year” at the Middle … Read more
How to apply for CBN Tertiary Institutions Entrepreneurship Scheme Loan can be accessed below. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has given more update regarding the Tertiary Institutions Entrepreneurship Scheme Loan. According to the CBN, as part of its policy measures to address rising youth unemployment and underemployment, introduces the … Read more
Central Bank of Nigeria (CBN) has maintained MPR at 11.5%, holding other key rates constant. EKO HOT BLOG reports that the monetary policy committee of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate (MPR), which measures interest rate, at 11.5 percent. READ ALSO: Ondo Gov, Akeredolu Imposes 24-Hour Curfew … Read more