CBN Defers Launch Of Digital Currency ‘E-naira’

CBN Graduate Loan

…the CBN has assured Nigerians that the bank and other partners are working to ensure a seamless process for the benefit of all The Central Bank of Nigeria (CBN) has postponed the official launch of its digital currency, the E-naira. According to the CBN spokesperson, Osita Nwanisobi, the decision to postpone the unveiling of the … Read more

BREAKING: EFCC Debunks The Arrest Of Magu

Breaking: EFCC Debunks the Arrest Of Magu

Economic and Financial Crimes Commission(EFCC) has refuted the reports that it’s Acting Chairman, Ibrahim Magu was arrested for alleged fraud. This was made known in a statement signed by EFCC Head, Media and Publicity Mr Dele Oyewale on Monday. The commission noted that its boss was neither arrested but honored the panel invitation at the … Read more

COVID-19: Banks Open, Defy Social Distancing Rule

Banks in Lagos generally opened for business on Monday but with many of them not ensuring that their customers kept to the physical distancing rule set by the authorities. Ekohotblog recalls that the Lagos State Government while giving guidelines for the residents of the state to adhere to during the gradual easing of the lockdown … Read more

Fani Kayode Shames Access Bank For Betraying Workers To Please Buhari

Access Bank Completes N15bn Green Bond Cross-listing

A former Aviation Minister, Femi Fani-Kayode, has condemned the Group Managing Director of Access Bank, Herbert Wigwe, for sacking some his workers. Recall Access Bank had announced plans to sack its workers and shutdown over 300 branches as a result of the  Coronavirus outbreak and lockdown. Herbert Wigwe had said that apart from the mass … Read more

BoI Records N39.33b Profit, Disburses N234b To 10,145 Enterprises

The Bank of Industry (BoI) has recorded a profit of N39.33 billion for the 2019 financial year. The bank said in a statement that it disbursed N234 billion to 10,145 enterprises, thus facilitating the creating of an estimated 1 million direct and indirect jobs. The group’s total equity, it said stood at  N293.09 billion showing … Read more