BUSINESS

Elections: ACAMB deny alleged plans to shutdown banking services for five days

Daily Dispatch February 23, 2023

The Association of Corporate Affairs Managers of Banks (ACAMB) has denied trending social media messages that the Central Bank of Nigeria (CBN) ordered Deposit Money Banks (DMBs) to shut down services for five days because of the Presidential and National Assembly elections scheduled for

BUSINESS

Nigeria’s GDP growth fell to 3.10% in 2022 –NBS

Daily Dispatch February 22, 2023

Nigeria’s Gross Domestic Product growth fell to 3.10 per cent in 2022 from 3.40 per cent in 2021 according to new GDP results from the National Bureau of Statistics. The NBS stated that growth in the agriculture and industry sector of the economy reduced in 2022, while the performance of the service sector improved in […]

BUSINESS

Supreme Court consolidates states suit against FG on cashless policy

Daily Dispatch February 22, 2023

The Supreme Court on Wednesday consolidated various suits instituted by 16 State Governments against the Federal Government challenging the mode of implementation of the newly introduced Cashless Policy regime. In a brief ruling, Justice Inyang Okoro who led a seven man panel of Justices of the court granted the request and ordered consolidation of the […]

BUSINESS

Ganduje Knocks CBN Again, Tags Naira Policy ‘COVID-23’

Daily Dispatch February 22, 2023

Governor Abdullahi Umar Ganduje of Kano State has remained unsparing in his condemnation of the naira redesign policy of the Central Bank of Nigeria, tagging it a disease, which he named ‘COVID-23’ This was as the Kano governor also knocked his counterparts in Edo and Bayelsa states, Godwin Obaseki and Duoye Diri, respectively, for going to […]

BUSINESS

Naira crisis: ACAMB, Bank CSOs, Operations Heads harp on benefits of

Daily Dispatch February 21, 2023

The Association of Corporate Affairs Managers of Banks (ACAMB), Chief Security Officers in Banks (CSOs), and Committee of Heads of Operations of Banks (CHOBs) on Sunday, February 19, 2023 held an emergency meeting over fallout of implementation of the Central Bank of Nigeria’s monetary policy that led to attacks on bank staff and facilities in […]

BUSINESS

CBN: Only N200 old notes to be reissued, circulated

Daily Dispatch February 21, 2023

The Central Bank of Nigeria, CBN, says only N200 old notes are to be reissued and circulated concurrently with the new notes in line with the directives of President Muhammadu Buhari. The bank restated this in a statement jointly signed by Mr Edward  Adamu, Deputy Governor, Corporate Services, and Mr Osita Nwanisobi, Director, Corporate Communications, […]