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Senate Stops Illicit ATM Charges By Banks

The Nigerian Senate wednesday,  passed a resolution calling on the Central Bank of Nigeria (CBN) to suspend the excessive ATM card maintenance charges being deducted from customers. This resolution came as part of a motion on the illicit and excessive bank charges on customers accounts, sponsored by Senator Olugbenga Ashafa …

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CBN predicts promising economic growth for 2018

By Tony Obiechina Following the growth of the Services  Sector of the economy,  the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has predicted a fragile but promising economic growth for Nigeria in 2018. Arising from a two-day meeting on Wednesday, the reconstituted MPC said it based its forecast on …

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Zenith Bank Declares N745bn Profit

the Bank’s profit before tax (PBT) and profit after tax (PAT). According to the statement, the records witnessed an impressive growth of 30 percent PBT and 37 percent PAT year-on-year, respectively, to N203.46 billion and N177.93 billion, up from NN156.75 billion and N129.7 billion, respectively. The Bank also demonstrated its …

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AfDB Boards of Governors Meeting Holds in May

The 53rd Annual Meeting of the Board of Governors of the African Development Bank and 44th Meeting of the Board of Governors of the African Development Fund, the concessional arm of the Bank Group, are scheduled to take place from May 21-25, 2018 in Busan, Korea. While Africa has enjoyed …

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