BUSINESS NEWS

EFCC targets more naira sellers as racketeers expose culpable bankers

Daily Dispatch January 31, 2023

The Economic and Financial Crimes Commission, EFCC, is on the trail of more sellers of naira notes after separate operations in Abuja. The agency arrested some racketeers in Zone 4 and the Dei Dei axis of the Federal Capital Territory on Saturday, January 28 and Monday, January 30. EFCC Head of

BUSINESS

Breaking: Banks will accept old naira notes after deadline, says Emefiele

Daily Dispatch January 31, 2023

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says banks will continue to accept old naira notes after the stipulated deadline. Emefiele spoke on Tuesday when he appeared at an interactive session with the house of representatives ad hoc committee on the currency redesign and naira swap policy. He said the CBN will […]

BUSINESS

Data Breach: NDPB investigates GT, Zenith Bank

Daily Dispatch January 31, 2023

The Nigeria Data Protection Bureau has opened an investigation into allegations of data breach by two Nigeria Banks, namely: Guaranty Trsut (GT) Bank and Zenith Bank respectfully. According to the Bureau, the investigations launched into the two banks were triggered by allegations of “unlawful disclosure of banking records to a third party and unlawful access […]

BUSINESS

Emefiele counters Ganduje, says currency swap not a threat to Presidential visit

Daily Dispatch January 30, 2023

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the excuse of security threats pushed by Gov. Abdullahi Ganduje of Kano State has no bearing on the ongoing currency swap across the country. Ganduje had in an interactive session with crtical stakeholders, including scholars, legislators, political leaders and business community in […]

BUSINESS

CBN directs banks to pay lower Naira denominations across the counter

Daily Dispatch January 30, 2023

Bank customers will henceforth be paid lower denominations of the Naira across the counter. This followed an official communication from the Central Bank of Nigeria (CBN) to all commercial banks in the country. Regardless of the amount to be withdrawn, a customer will only be paid N100, N50, N20, N10 and N5 across the counter. […]

BUSINESS

UBA appoints Ghanaian National, Abiola Bawuah, as 1st female CEO for Africa Operations

Daily Dispatch January 30, 2023

The Board of Directors of the United Bank for Africa Plc, Africa’s Global Bank, today announces the appointment of as Chief Executive Officer (CEO) of UBA Africa. Bawuah will also join the Group Board as an Executive Director, overseeing the Group’s operations across the African continent, outside Nigeria. UBA operates in 19 African countries beyond […]