AdminCBN – ECONOMY CONTRACTED IN MAY
Economic activities in manufacturing, production, new others and other indices contracted in May after recording at least 36 months of consecutive growth. The statistics department of the Central Bank of…
CBN GIVES N50BN LOAN THROUGH MICROFINANCE BANK
The Central Bank of Nigeria is disbursing the N50bn COVID-19 credit facility to households and Micro, Small and Medium Enterprises affected by the pandemic through the Integrated National Association of…
10.5BN COVID-19 HEALTHCARE FUND DISBURSED BY CBN
The Central Bank of Nigeria has disbursed N10.5bn out of the N100bn credit intervention for the healthcare industry, which it recently introduced as part of the measures to cushion the…
JUST IN: POWER DISTRIBUTORS SUE FG OVER BUSINESS INTERFERENCE
Electricity distribution companies have dragged the Federal Government to court to restrain it from further interfering in the corporate business activities of the power firms. According to the firms, the…
BREAKING: WORLD BANK APPROVES $346M FOR PROJECTS IN NIGERIA, OTHERS
The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in the Lake Chad region. A statement from the World Bank explained that the projects,…
SUSPEND DIVIDEND PAYMENT IMF ADVISES BANKS
The International Monetary Fund has advised commercial banks to retain their earnings by suspending payment of shareholders’ dividends during the COVID-19 pandemic. The IMF Managing Director, Kristalina Georgieva, made the…
NBS – FOREIGN DIRECT INVESTMENT DROPPED TO $214.25M IN Q1
Foreign Direct Investment into the country dropped to $214.25m in the first quarter of 2020 from $257.25m in the fourth quarter of 2019. The National Bureau of Statistics disclosed this…
WHAT HAS GONE WRONG WITH NIGERIA BANKING?
What has gone wrong with Nigerian banking? That was the question many asked as they saw pictures and videos shared on social media of crowds that besieged the gates of…
Tochukwu Chukwu
- Business , Tech
- May 24, 2020
- 229 views
Sterling Bank launches OneBank App
Sterling Bank Plc, Nigeria’s leading digital bank has launched a new, unique but simple banking application that can be used for all banking and payment transactions by its customers. Chief Digital Officer…
TOURIST SECTOR REOPENS IN SPAIN
Spain said on Saturday it would let in foreign tourists and restart top league football in the coming weeks, accelerating Europe’s exit from strict virus lockdown, as South America was…
