Details You Should Not Give To POS Agents When Using Your Card To Withdraw Cash
When using your card to withdraw cash at a point of sale (POS) terminal, it's important to protect your personal and financial information. Here are some details you should not give to POS agents: 1. PIN (Personal Identification Number): Your PIN is a confidential code that verifies your identity and authorizes transactions.
Equity market hits three-month high after Tinubu’s inauguration
On the first day of trading following Bola Tinubu's inauguration as president of Nigeria, investors on the Nigerian Exchange Limited made N1.5 trillion, setting a three-month high for the market. At the end of trading on Tuesday, the Market Capitalization increased to N30.349 trillion, surpassing the previous peak set on February 27—the first trading day following the last presidential election.
FA CUP Final: 3 City Players Erik Ten Hag Should Be Wary Of If He Wants To Beat Man City
Manchester United is set to battle it out with their bitter rivals Manchester City at Wembley Stadium for the FA Cup final. The much-anticipated game will no doubt come in as a very tough game between both sides who are keen to add more silverware to their already decorated silver bank.
What You Should Never Do If You Are Using Online Banking
When using online banking, there are a few things you should never do in order to safeguard the security of your financial data and prevent unauthorized access to your accounts. Never share your login credentials: Your online banking username and password are the keys to your financial kingdom.
Emefiele Meets Tinubu At Aso Rock
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), is currently at the Presidential Villa in Abuja for a meeting with President Bola Tinubu. Daily trust report that, Tinubu, whose vehicle entered the villa at 2:30pm, inspected a parade by the Guards of Honour.
Peter Obi Reacts To The Death Of The Founder Of FCMB, Cheif Michael Olasubomi.
The presidential candidate of the Labour Party, Mr Peter Obi has recently reacted to the death of the Founder of First City Monument Bank, Cheif Michael Olasubomi. Through a tweet which he made on his official Twitter page, Mr. Peter Obi expressed sadness towards his passing as he sympathized with the family members.
Tribe Of True Nobility Diminished By Otumba Subomi's Death, Says Osinbajo
STATEHOUSE PRESS RELEASE TRIBE OF TRUE NOBILITY DIMINISHED BY OTUNBA SUBOMI'S DEATH, SAYS OSINBAJO Vice President Yemi Osinbajo, SAN, has described the late founder of First City Monument Bank (FCMB), Otunba Subomi Balogun, as “noble in word and deed, an outstanding legal mind, and a doyen of the Nigerian capital market and investment banking.”
Today's Headlines:Allow court decide winner of election- Obi to US, FCMB Founder, Balogun Is Dead
Allow court decide winner of election- Obi to US The presidential candidate of the Labour Party, Peter Obi has reacted to the recent telephone conversation between the United States Secretary of State, Antony Blinken and Nigeria’s President-elect, Bola Tinubu. Obi said the US should respect the principles of law and democracy by allowing the courts of law in Nigeria to decide who the winner of the 2023 presidential election conducted on February 25.
CBN Act: Senate holds emergency plenary and approves FG’s request
The Federal Republic of Nigeria's Senate convened an emergency plenary on Saturday, with Dr. Ahmad Ibrahim Lawan presiding. The Central Bank of Nigeria, CBN, Act was amended by the plenary to raise advances from 5% to 15%. The measure to alter the CBN Act was first read on May 24, 2023, according to Senator Gobir Ibrahim Abdullahi of Sokoto East Senatorial District, who is also the bill's sponsor.
Nigerian Senate Holds Emergency plenary over CBN Act amendment, others
As per Punch Newspapers, the Senate is presently in emergency plenary over the amendment of the Central Bank of Nigeria Act, 2004. With only two days until the presidential inauguration, the senate is now holding an emergency plenary session. The Nigerian Senate is currently in an emergency plenary, deliberating over the amendment of section 38 of the Central Bank of Nigeria (CBN) Act 2004.
JUST IN: Central Bank of Nigeria, CBN wants school fees paid via E-Naira
According to an article published by Vanguard recently, the Central Bank of Nigeria (CBN) has introduced a digital currency called e-naira to Nigerian tertiary institutions, to enable members of the academic environment to offer better payment prospects in retail transactions when compared to cash payments. As per Vanguard, more than 20 million Nigerians have signed up for the e-naira project so far, according to the Central Bank of Nigeria (CBN), which invited others to do the same for everyday, hassle-free transactions.
Today's Headlines: Allow Court Decide Winner Of Election- Obi To US, FCMB Founder Balogun Is Dead
Allow court decide winner of election- Obi to US The presidential candidate of the Labour Party, Peter Obi has reacted to the recent telephone conversation between the United States Secretary of State, Antony Blinken and Nigeria’s President-elect, Bola Tinubu. Obi said the US should respect the principles of law and democracy by allowing the courts of law in Nigeria to decide who the winner of the 2023 presidential election conducted on February 25.
Senate Amendments Act from CBN increases FG lending limit.
The Senate held a special session yesterday to amend the Central Bank of Nigeria (CBN) Act to increase the total amount of advances that the bank can grant to the federal government from 5% to 15%. It also passed a bill extending the implementation of the 2022 supplementary budget by six months, from June 30, 2023, to December 31, 2023.
BREAKING: CBN raises interest rate to 18.5% to tame inflation
The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 18 percent to 18.5 percent. The Cable Newspaper gathered that, Last week, Nigeria’s inflation rate rose to 22.22 percent amid the surge in food prices.
183 Microfinance and Primary Mortgage Banks Have Had Their Operating Licenses Revoked By The CBN
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), announced on Tuesday that 179 microfinance banks (MFBs) and four primary mortgage banks (PMBs) had had their operating licenses revoked. When announcing the suspension of licenses, the governor of the central bank, Mr.dot Godwin Emefiele, stated that the affected financial entities had stopped operating the type of business for which their licenses were issued for a continuous period of six months in the nation.
Today's Headline: We’ve Only 1 Witness Against Tinubu-APM, CBN Excludes Mint Co From Printing Cheque
We’ve only 1 witness against Tinubu, APM tells court Photo credit: Vanguard News The Allied Peoples Movement, APM, on Monday, said it would produce only one witness to establish its claim that the President-elect, Asiwaju Bola Tinubu, of the ruling All Progressives Congress, APC, was not the valid winner of the 2023 presidential election.
The Founder Of FCMB Subomi Balogun Dies At 89
The business world is mourning the loss of Subomi Balogun, the founder of First City Monument Bank (FCMB). The renowned entrepreneur and banking visionary passed away on Friday morning, May 19, 2023, at the age of 89 in London. Balogun's departure marks the end of an era in the Nigerian banking industry.
Today's Headlines: Apapa Takes Back Seat In Court, Obasanjo Mourns Sunday Mbang
Apapa takes back seat in court The factional National Chairman of the Labour Party (LP) Lamidi Apapa on Friday sat at the back of the court during the Presidential Election Petition Tribunal. The Nation reports that Apapa was booed and mobbed by angry mob at the venue of the PEPC on Wednesday.
FCMB founder, Subomi Balogun is dead.
Otunba Michael Subomi Balogun was born in 1934 at Ijebu-Ode, Ogun State, Nigeria. He is a direct descendant of Oba Tuwase of IjebuLand. He passed away on the morning of Friday 19th May 2023 at 89 years old. Otunba who joined Africa Industrial Development Bank in 1966 developed interest to advocate for the establishment of Merchant Banks in Nigeria sponsored by NIDB.
Shehu Sani fumes at Nigeria's Debt Profile, urges incoming govt to probe Buhari's regime
Former Kaduna Senator Shehu Sani, has asked the incoming govt to investigate the government of President Muhammadu Buhari. It is reported that if the Central Bank of Nigeria (CBN) is secured N23 trillion in loans, the country' s debt profile is about N77 trillion.