Banking & Finance - The Gazette
Central Bank of Nigeria increases interest rate to 15.5%
The Monetary Policy Committee of the Central Bank of Nigeria raised the benchmark interest rate from 14 to 15.5 percent in order to battle the rising inflation rate. Key Points…
Should I Open a Joint Account With My Boyfriend?
Joint bank accounts are a great way to save money together. However, some people are reluctant to open a joint account with their significant other. In this case, they’re missing…
The CBN increases the interest rate on savings accounts to 4.2%
The Central Bank of Nigeria (CBN) has mandated that banks in the nation pay interest on financial savings deposits that are due at a rate of at least 4.2%, up…
Fintech fraud: Momo Sues Nigerian Banks For N22 billion,
Mobile money (Momo) payment provider was robbed of €50 million. According to the Nigerian news site BluePrint, the MTN Group’s Mobile Money (Momo) payment service was the target of a…
Remove Emefiele now as CBN Governor – Amb. Lawal Calls Out
Ambassador Hamza Lawal has urged the Presidency and National Assembly to relieve the Central Bank Governor, Godwin Emefiele, of his job immediately following the finding of his political partisanship by…
CBN Official: Naira Notes Will Be Out Of Circulation Soon
Naira notes will soon be phased out of circulation, according to a source from the Central Bank of Nigeria (CBN). The Nigerian Apex Bank has said that Paper currency will…
Central Bank of Nigeria increases interest rate to 15.5%
The Monetary Policy Committee of the Central Bank of Nigeria raised the benchmark interest rate from 14 to 15.5 percent in order to battle the rising inflation rate. Key Points…
Should I Open a Joint Account With My Boyfriend?
Joint bank accounts are a great way to save money together. However, some people are reluctant to open a joint account with their significant other. In this case, they’re missing…
The CBN increases the interest rate on savings accounts to 4.2%
The Central Bank of Nigeria (CBN) has mandated that banks in the nation pay interest on financial savings deposits that are due at a rate of at least 4.2%, up…
Hold Emefiele accountable for Fallen Naira, NYCN tells Nigerians
The recent fast fall of the Naira has been attributed by the National Youth Council of Nigeria (NYCN) to the poor economic management practices of Godwin Emefiele, Governor of the…
Naira Fall: CBN Committed to Resolving Foreign Exchange Issues
Nigerians have been urged by the Central Bank of Nigeria (CBN) to resist the temptation to fall prey to the speculative practices of some participants in the foreign exchange market.…
APPLY: FirstBank’s low-interest loan “FirstGem fund” for female business owners
The FirstGem fund (FirstGem loan), a single-digit loan program aimed at female entrepreneurs, has been launched, according to a press release from First Bank of Nigeria Limited. This was disclosed…
Fintech fraud: Momo Sues Nigerian Banks For N22 billion,
Mobile money (Momo) payment provider was robbed of €50 million. According to the Nigerian news site BluePrint, the MTN Group’s Mobile Money (Momo) payment service was the target of a…
Remove Emefiele now as CBN Governor – Amb. Lawal Calls Out
Ambassador Hamza Lawal has urged the Presidency and National Assembly to relieve the Central Bank Governor, Godwin Emefiele, of his job immediately following the finding of his political partisanship by…
CBN Official: Naira Notes Will Be Out Of Circulation Soon
Naira notes will soon be phased out of circulation, according to a source from the Central Bank of Nigeria (CBN). The Nigerian Apex Bank has said that Paper currency will…