bank – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Tue, 26 May 2026 13:22:15 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png bank – InfoStride News https://www.theinfostride.com 32 32 Banks, Insurance and Financial Institutions Contribute ₦1.77 Trillion to Economy in Q1 2025 https://www.theinfostride.com/banks-insurance-and-financial-institutions-contribute-%e2%82%a61-77-trillion-to-economy-in-q1-2025/ https://www.theinfostride.com/banks-insurance-and-financial-institutions-contribute-%e2%82%a61-77-trillion-to-economy-in-q1-2025/#respond Tue, 26 May 2026 13:20:52 +0000 https://www.theinfostride.com/?p=463188 Nigeria’s banking and insurance sectors, along with other financial institutions, collectively contributed an estimated ₦1.77 trillion to the national economy in the first quarter of 2025, underscoring their growing importance across finance and industry. Data from regulatory and market sources reveal that the banking industry remained the main driver of this contribution. Profits, interest earnings, [...]

Source from InfoStride News

]]> https://www.theinfostride.com/banks-insurance-and-financial-institutions-contribute-%e2%82%a61-77-trillion-to-economy-in-q1-2025/feed/ 0 Dangote Group, Norges Bank hold investment talks over $1.9trn sovereign wealth fund https://www.theinfostride.com/dangote-group-norges-bank-hold-investment-talks-over-1-9trn-sovereign-wealth-fund/ https://www.theinfostride.com/dangote-group-norges-bank-hold-investment-talks-over-1-9trn-sovereign-wealth-fund/#respond Tue, 12 May 2026 15:46:08 +0000 https://www.theinfostride.com/?p=483599 The Dangote Group has reportedly engaged in high-level investment discussions with Norges Bank Investment Management, the manager of Norway’s sovereign wealth fund valued at approximately $1.9 trillion, in a move that could strengthen international investor interest in Nigeria’s industrial and infrastructure sectors. The discussions are believed to focus on potential investment opportunities, strategic partnerships, and [...]

Source from InfoStride News

]]> https://www.theinfostride.com/dangote-group-norges-bank-hold-investment-talks-over-1-9trn-sovereign-wealth-fund/feed/ 0 Optimus Bank’s PBT rises 70% to N24.14bn https://www.theinfostride.com/optimus-banks-pbt-rises-70-to-n24-14bn/ https://www.theinfostride.com/optimus-banks-pbt-rises-70-to-n24-14bn/#respond Mon, 11 May 2026 16:26:12 +0000 https://www.theinfostride.com/?p=483515 Optimus Bank has recorded a strong financial performance with its profit before tax (PBT) rising by 70 percent to ₦24.14 billion, reflecting significant growth in earnings, customer activity, and operational expansion within Nigeria’s banking sector. The impressive increase in profitability highlights the bank’s growing market presence and the broader resilience of the financial services industry [...]

Source from InfoStride News

]]> https://www.theinfostride.com/optimus-banks-pbt-rises-70-to-n24-14bn/feed/ 0 Cash outside banks surges by N181.7bn in one month https://www.theinfostride.com/cash-outside-banks-surges-by-n181-7bn-in-one-month/ https://www.theinfostride.com/cash-outside-banks-surges-by-n181-7bn-in-one-month/#respond Thu, 19 Mar 2026 07:00:52 +0000 https://www.theinfostride.com/?p=472601 Nigeria has witnessed a significant rise in currency circulating outside the banking system, as cash held by individuals and businesses surged by N181.7bn within just one month. The development has raised concerns among financial experts and policymakers, who warn that the growing preference for cash-based transactions could undermine the country’s monetary stability, weaken financial inclusion [...]

Source from InfoStride News

]]> https://www.theinfostride.com/cash-outside-banks-surges-by-n181-7bn-in-one-month/feed/ 0 Nigerian Bank Customers Shift to Email Alerts Amid Rising SMS Charges https://www.theinfostride.com/nigerian-bank-customers-shift-to-email-alerts-amid-rising-sms-charges/ https://www.theinfostride.com/nigerian-bank-customers-shift-to-email-alerts-amid-rising-sms-charges/#respond Mon, 12 Jan 2026 21:01:37 +0000 https://www.theinfostride.com/?p=410249 Effective May 1, 2025, Nigerian banks have increased SMS transaction alert fees by 50%, raising the cost from ₦4 to ₦6 per message. This adjustment follows the Nigerian Communications Commission’s approval of a 50% hike in telecom tariffs, impacting services such as bulk SMS used by banks for customer notifications. In response to the increased [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nigerian-bank-customers-shift-to-email-alerts-amid-rising-sms-charges/feed/ 0 Government Rules Out Bank Account Intrusion in Tax Reforms https://www.theinfostride.com/government-rules-out-bank-account-intrusion-in-tax-reforms/ https://www.theinfostride.com/government-rules-out-bank-account-intrusion-in-tax-reforms/#respond Sun, 07 Dec 2025 14:19:11 +0000 https://www.theinfostride.com/?p=473059 The Federal Government has clarified that ongoing tax reforms will not involve unauthorized access to citizens’ bank accounts, reassuring Nigerians about privacy and financial security amid rising concerns over digital tax collection measures. Officials emphasized that the reforms are focused on improving tax administration, broadening the tax base, and enhancing compliance through transparent and accountable [...]

Source from InfoStride News

]]> https://www.theinfostride.com/government-rules-out-bank-account-intrusion-in-tax-reforms/feed/ 0 Banks’ Recapitalisation Crucial to Nigeria’s $1tn Economic Goal — CBN https://www.theinfostride.com/banks-recapitalisation-crucial-to-nigerias-1tn-economic-goal-cbn/ https://www.theinfostride.com/banks-recapitalisation-crucial-to-nigerias-1tn-economic-goal-cbn/#respond Mon, 10 Nov 2025 15:01:19 +0000 https://www.theinfostride.com/?p=471213 The Central Bank of Nigeria (CBN) has reaffirmed that the ongoing banking sector recapitalisation is vital to achieving President Bola Tinubu’s ambitious goal of transforming Nigeria into a $1 trillion economy by 2030. The apex bank noted that strengthening the capital base of financial institutions is essential to enhancing credit growth, boosting resilience against shocks, [...]

Source from InfoStride News

]]> https://www.theinfostride.com/banks-recapitalisation-crucial-to-nigerias-1tn-economic-goal-cbn/feed/ 0 CBN Mandates Early Succession for Bank MD/CEOs to Safeguard Stability https://www.theinfostride.com/cbn-mandates-early-succession-for-bank-md-ceos-to-safeguard-stability/ https://www.theinfostride.com/cbn-mandates-early-succession-for-bank-md-ceos-to-safeguard-stability/#respond Wed, 17 Sep 2025 14:35:36 +0000 https://www.theinfostride.com/?p=466740 The Central Bank of Nigeria (CBN) has issued a new directive requiring Domestic Systemically Important Banks (DSIBs) to formally plan leadership transitions well in advance. Under the policy, successor managing directors or chief executive officers must be approved by the regulator at least six months before the incumbent’s term ends, and publicly announced at least [...]

Source from InfoStride News

]]> https://www.theinfostride.com/cbn-mandates-early-succession-for-bank-md-ceos-to-safeguard-stability/feed/ 0 Banks’ Deposits with CBN Surge by 783%, Hit ₦79.8 Trillion https://www.theinfostride.com/banks-deposits-with-cbn-surge-by-783-hit-%e2%82%a679-8-trillion/ https://www.theinfostride.com/banks-deposits-with-cbn-surge-by-783-hit-%e2%82%a679-8-trillion/#respond Sat, 02 Aug 2025 07:46:35 +0000 https://www.theinfostride.com/?p=463777 Banks’ deposits with the Central Bank of Nigeria (CBN) have skyrocketed by 783 percent year-on-year, rising to a record ₦79.8 trillion as of June 2025, compared to ₦9.04 trillion in the same period of 2024. This sharp increase signals a growing trend in liquidity management and reserve placement among commercial banks, especially amidst recent monetary [...]

Source from InfoStride News

]]> https://www.theinfostride.com/banks-deposits-with-cbn-surge-by-783-hit-%e2%82%a679-8-trillion/feed/ 0 Addosser Microfinance Bank pursues national banking licence on its 17th anniversary https://www.theinfostride.com/addosser-microfinance-bank-pursues-national-banking-licence-on-its-17th-anniversary/ https://www.theinfostride.com/addosser-microfinance-bank-pursues-national-banking-licence-on-its-17th-anniversary/#respond Wed, 16 Jul 2025 12:03:09 +0000 https://www.theinfostride.com/?p=462133 Addosser Microfinance Bank (MFB), as it marks its 17th year of operation, has announced plans to obtain a national licence, signalling its ambition to increase financial inclusion and broaden its footprint across Nigeria. The milestone anniversary and the licence pursuit reflect the stable growth and strategic evolution the bank has experienced since establishment, positioning it [...]

Source from InfoStride News

]]> https://www.theinfostride.com/addosser-microfinance-bank-pursues-national-banking-licence-on-its-17th-anniversary/feed/ 0 Many Of The Fees Banks Charge Customers Are Unique To Only Nigeria – AY Makun https://www.theinfostride.com/many-of-the-fees-banks-charge-customers-are-unique-to-only-nigeria-ay-makun/ https://www.theinfostride.com/many-of-the-fees-banks-charge-customers-are-unique-to-only-nigeria-ay-makun/#respond Wed, 02 Apr 2025 12:00:45 +0000 https://www.theinfostride.com/?p=407107 Popular comedian and Nollywood actor, AY Makun has come out to question Nigerian banks over the numerous charges deducted from customers’ accounts. He recently had his say via his social media page, and fans have been reacting. According to him, the banks must be challenged over the charges they deduct from the account of many [...]

Source from InfoStride News

]]> https://www.theinfostride.com/many-of-the-fees-banks-charge-customers-are-unique-to-only-nigeria-ay-makun/feed/ 0 Bank Worker Jailed for Facilitating Black Axe Crime Group’s Money Laundering Operations https://www.theinfostride.com/bank-worker-jailed-for-facilitating-black-axe-crime-groups-money-laundering-operations/ https://www.theinfostride.com/bank-worker-jailed-for-facilitating-black-axe-crime-groups-money-laundering-operations/#respond Thu, 24 Oct 2024 13:00:01 +0000 https://www.theinfostride.com/?p=391857 A 26-year-old bank employee who facilitated the laundering of funds for a notorious transnational crime group has been sentenced to three years in prison. Funmi Abimbola, a resident of Rosse Court Terrace, Lucan, was identified as a key facilitator for the Black Axe organised crime syndicate. International law enforcement agencies have described the group as [...]

Source from InfoStride News

]]> https://www.theinfostride.com/bank-worker-jailed-for-facilitating-black-axe-crime-groups-money-laundering-operations/feed/ 0 Nigeria’s Branding Horizon: Banks Lead Amid Economic Challenges https://www.theinfostride.com/nigerias-branding-horizon-banks-lead-amid-economic-challenges/ https://www.theinfostride.com/nigerias-branding-horizon-banks-lead-amid-economic-challenges/#respond Tue, 28 May 2024 00:56:39 +0000 https://www.theinfostride.com/?p=379196 A recent report by Brand Finance, a London-based brand valuation consultancy, has highlighted the dominance of banking brands in Nigeria’s brand landscape, even amidst currency devaluation and rising inflation. According to the analysis spanning from March 2023 to March of the current year, banking brands accounted for half of the total brand value of the [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nigerias-branding-horizon-banks-lead-amid-economic-challenges/feed/ 0 Nigerian banks cannot compete with their African peers on the basis of foreign currency- Bunmi Bajomo https://www.theinfostride.com/nigerian-banks-cannot-compete-with-their-african-peers-on-the-basis-of-foreign-currency-bunmi-bajomo/ https://www.theinfostride.com/nigerian-banks-cannot-compete-with-their-african-peers-on-the-basis-of-foreign-currency-bunmi-bajomo/#respond Mon, 08 Apr 2024 11:03:13 +0000 https://www.theinfostride.com/?p=375090 The Head of Corporate Banking Group and Chief Operating Officer at Ecobank Transnational (ETI), Dr. Bunmi Bajomo has stated that Nigerian banks cannot compete with their peers in North and East Africa based on foreign currencies. She stated this during the Nairametrics’ Economic webinar tagged- CBN policies and its wider impact on the wider economy where she [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nigerian-banks-cannot-compete-with-their-african-peers-on-the-basis-of-foreign-currency-bunmi-bajomo/feed/ 0 Banks’ audit executives seek collaboration to boost cybersecurity https://www.theinfostride.com/banks-audit-executives-seek-collaboration-to-boost-cybersecurity/ https://www.theinfostride.com/banks-audit-executives-seek-collaboration-to-boost-cybersecurity/#respond Fri, 22 Mar 2024 01:56:30 +0000 https://www.theinfostride.com/?p=373669 The Association of Chief Audit Executives of Banks in Nigeria has called for cooperation among lenders in the country to boost cybersecurity in the sector. This recommendation was contained in the communiqué issued at the end of the association’s annual general meeting and retreat held in Abuja recently. The association advocated the establishment of an [...]

Source from InfoStride News

]]> https://www.theinfostride.com/banks-audit-executives-seek-collaboration-to-boost-cybersecurity/feed/ 0 Bank directors seek lawmakers, regulators collaboration on policies https://www.theinfostride.com/bank-directors-seek-lawmakers-regulators-collaboration-on-policies/ https://www.theinfostride.com/bank-directors-seek-lawmakers-regulators-collaboration-on-policies/#respond Sun, 17 Mar 2024 14:08:15 +0000 https://www.theinfostride.com/?p=373294 The Bank Directors Association of Nigeria has called for collaboration between lawmakers, regulatory authorities and the banking sector operators in the formulation and review of banking policies. According to a statement from the association, the call was made when the Chairman of the Board of Directors, Mr Mustafa Chike-Obi, led a delegation to the Chairman [...]

Source from InfoStride News

]]> https://www.theinfostride.com/bank-directors-seek-lawmakers-regulators-collaboration-on-policies/feed/ 0 Cash Held Outside Banks Reaches 92% of Currency in Circulation in November 2023, Surpassing Pre-Naira Redesign Levels https://www.theinfostride.com/cash-held-outside-banks-reaches-92-of-currency-in-circulation-in-november-2023-surpassing-pre-naira-redesign-levels/ https://www.theinfostride.com/cash-held-outside-banks-reaches-92-of-currency-in-circulation-in-november-2023-surpassing-pre-naira-redesign-levels/#respond Wed, 17 Jan 2024 22:07:49 +0000 https://www.theinfostride.com/?p=367749 In a notable trend, the amount of cash held outside banks in Nigeria has reached 92% of the total currency in circulation as of November 2023. This surpasses the levels observed before the Naira redesign, indicating a preference for holding physical cash among the populace. Several factors contribute to this trend, reflecting both economic and [...]

Source from InfoStride News

]]> https://www.theinfostride.com/cash-held-outside-banks-reaches-92-of-currency-in-circulation-in-november-2023-surpassing-pre-naira-redesign-levels/feed/ 0 Presidential Support Fuels Surge in Mega-Bank Stocks Amidst CBN’s Recapitalization Drive https://www.theinfostride.com/presidential-support-fuels-surge-in-mega-bank-stocks-amidst-cbns-recapitalization-drive/ https://www.theinfostride.com/presidential-support-fuels-surge-in-mega-bank-stocks-amidst-cbns-recapitalization-drive/#respond Wed, 29 Nov 2023 20:39:07 +0000 https://www.theinfostride.com/?p=362661 The support for the banking sector’s consolidation initiative by the Central Bank of Nigeria (CBN) has been emphasized by the Presidency, asserting its significance in propelling the country’s economy to unprecedented heights. This endorsement follows the recent CBN announcement that banks will be required to raise new capital, a move aimed at strengthening the financial [...]

Source from InfoStride News

]]> https://www.theinfostride.com/presidential-support-fuels-surge-in-mega-bank-stocks-amidst-cbns-recapitalization-drive/feed/ 0 As the economy suffers, banks profitability rises https://www.theinfostride.com/as-the-economy-suffers-bank-profitability-rises/ https://www.theinfostride.com/as-the-economy-suffers-bank-profitability-rises/#respond Mon, 19 Jul 2021 21:11:35 +0000 https://www.theinfostride.com/?p=301337 The global economy, in the past year, buckled under the burden of the coronavirus pandemic. From Europe to America, the numbers have been in the red, tail spinning the national economies to chaos. This left governments with the additional burden of sourcing additional resources to survive. While individuals groaned under the rising burden of jobs [...]

Source from InfoStride News

]]> https://www.theinfostride.com/as-the-economy-suffers-bank-profitability-rises/feed/ 0 Court Sentences Ex-Banker to Prison For Fraud https://www.theinfostride.com/court-sentences-ex-banker-to-prison-for-fraud/ https://www.theinfostride.com/court-sentences-ex-banker-to-prison-for-fraud/#respond Thu, 14 Jan 2021 18:18:30 +0000 https://www.theinfostride.com/?p=281605 Justice Jane Inyang of the Federal High Court sitting in Yenagoa, Bayelsa State, has convicted and sentenced Felix David Diete to four years imprisonment, for stealing the sum of N 2, 000, 000, 00( Two Million Naira only). He was jailed on Monday, January 11, 2021, after four years of diligent prosecution by the Port [...]

Source from InfoStride News

]]> https://www.theinfostride.com/court-sentences-ex-banker-to-prison-for-fraud/feed/ 0 I Have N75m In The Bank — Bobrisky https://www.theinfostride.com/i-have-n75m-in-the-bank-bobrisky/ Thu, 06 Jun 2019 07:01:30 +0000 https://www.theinfostride.com/?p=234062 Controversial Barbie, Idris Okuneye a.k.a Bobrisky has been bragging recently. The Nollywood actor and Tonto Dikeh’s bestie has come out to claim that he has N75m in his Ecobank account. He also boasted about making N8m out of his freshly unveiled Eyelashes business. He then blasted women who wear designers with nothing to show for [...]

Source from InfoStride News

]]> No Bank Has Taken Over HipTV – Ayo Animashaun https://www.theinfostride.com/no-bank-has-taken-over-hiptv-ayo-animashaun/ Thu, 18 Apr 2019 06:15:43 +0000 https://www.theinfostride.com/?p=231189 HipTV boss, Ayo Animashaun has refuted rumors that his company is now under a commercial bank. This is a reaction to reports that broke days back saying a court ruled that his company be taken over by Heritage Bank. His words, “The last few days have been interesting, to say the least. The news has [...]

Source from InfoStride News

]]> EFCC Should Unfreeze My Bank Accounts – Olisah Metuh https://www.theinfostride.com/efcc-should-unfreeze-my-bank-accounts-olisah-metuh/ Thu, 29 Nov 2018 01:17:25 +0000 https://www.theinfostride.com/?p=222036 Olisah Metuh, the embattled former spokesperson of the People’s Democratic Party, (PDP) on Tuesday prayed the Federal High Court, Abuja to order the EFCC to unfreeze his bank accounts. Metuh, who expressed shock over the development, said he learnt of the no-debit order placed on his account after his failed transaction on one of the [...]

Source from InfoStride News

]]> APC Plans To Block Bank Accounts Belonging To PDP Members – PDP https://www.theinfostride.com/apc-plans-to-block-bank-accounts-belonging-to-pdp-members-pdp/ Wed, 14 Nov 2018 22:53:22 +0000 https://www.theinfostride.com/?p=220959 The Peoples Democratic Party (PDP) has accused the All Progressives Congress (APC) of planning to block bank accounts belonging to its members. According to the party’s spokesman, Kola Ologbondiyan said the ruling party has obtained court orders to perfect its plans. Ologbondiyan said that the APC wants to block the finances of its stakeholders ahead [...]

Source from InfoStride News

]]> Bank Blocks Patience Jonathan From Accessing Her Unfrozen Account https://www.theinfostride.com/bank-blocks-patience-jonathan-from-accessing-her-unfrozen-account/ Tue, 11 Apr 2017 08:00:25 +0000 http://www.theinfostride.com/?p=161619 Former First Lady, Patience Jonathan was reportedly blocked from accessing her newly unfrozen bank account. Justice Mojisola Olatoregun of a Federal High Court in Lagos had last Thursday issued an order unfreezing Mrs Jonathan’s account in the Skye Bank, which contains $5.8million. It was learnt that on Monday, April 10, Mrs. Jonathan, alongside her aides [...]

Source from InfoStride News

]]> Government House Is Not A Bank – Godwin Obaseki https://www.theinfostride.com/government-house-is-not-a-bank-godwin-obaseki/ Wed, 01 Feb 2017 00:56:58 +0000 http://www.theinfostride.com/?p=155401 Gov. Godwin Obaseki of Edo on Tuesday said the Government House was not a bank where people went to collect money but a place to render service. Obaseki made this known while receiving executive members of Women’s wing of All Progressive Congress (APC) in the state in Benin. He assured the women of 35 per [...]

Source from InfoStride News

]]> PDP Praises Judiciary Over Judgement On Fayose’s Bank Account https://www.theinfostride.com/pdp-praises-judiciary-over-judgement-on-fayoses-bank-account/ Sat, 17 Dec 2016 18:27:07 +0000 http://www.theinfostride.com/?p=151591 The Peoples Democratic Party (PDP) has commended the judiciary for its judgement ordering the Economic and Financial Crimes Commission (EFCC) to unfreeze Governor Ayo Fayose’s bank account. Justice Taiwo Taiwo of the Federal High Court sitting in Ado Ekiti, on Tuesday, December 13, 2016, ordered the anti-graft agency to lift the restriction which it placed [...]

Source from InfoStride News

]]> Court Orders Bank To Unfreeze Ayo Fayose’s Accounts https://www.theinfostride.com/court-orders-bank-to-unfreeze-ayo-fayoses-accounts/ Wed, 14 Dec 2016 04:12:54 +0000 http://www.theinfostride.com/?p=151208 The Federal High Court sitting in Ado Ekiti has ordered Zenith Bank to unfreeze the accounts of Ekiti State Governor, Ayo Fayose. The order was given on Tuesday, December 13, by presiding judge, Justice Taiwo Taiwo. According to Justice Taiwo, the Economic and Financial Crimes Commission (EFCC) did not follow proper procedure in ordering the [...]

Source from InfoStride News

]]> EFCC Freezes Another Patience Jonathan’s Bank Account https://www.theinfostride.com/efcc-freezes-another-patience-jonathans-bank-account/ Thu, 22 Sep 2016 14:10:58 +0000 http://www.theinfostride.com/?p=144725 Patience Jonathan’s personal account, titled ‘Patience Ibifaka Jonathan’, which is domiciled in Skye Bank Plc with a balance of $5million has been frozen by the EFCC. According to a report by Punch Newspapers, The Economic and Financial Crimes Commission froze the account as a result of the prima facie case established against the former President [...]

Source from InfoStride News

]]> Abdulmumin Jibrin Owns £1.558m In UK Bank? https://www.theinfostride.com/abdulmumin-jibrin-owns-1-558m-in-uk-bank/ Mon, 19 Sep 2016 12:54:46 +0000 http://www.theinfostride.com/?p=144399 Embattled former chairman, House of Representatives’ Committee on Appropriations, Abdulmumin Jibrin has reportedly been uncovered as the owner of a UK bank acount with £1.558m (N825m). According to a report by Punch following an allegation by the National Youth Council of Nigeria, the bank account with domiciled in ING Bank Channels Island, United Kingdom was [...]

Source from InfoStride News

]]> Juventus Set To Break Bank For Higuain https://www.theinfostride.com/juventus-set-to-break-bank-for-higuain/ Mon, 18 Jul 2016 20:41:49 +0000 http://www.theinfostride.com/?p=136547 Italian champions Juventus are set to pay a hefty 94.7 million euros ($105m) release clause in Gonzalo Higuain’s contract with Napoli to lure the Argentina star to Turin, reports claimed on Monday. Higuain joined Napoli for 40 million euros from Real Madrid in 2013 and has since gone on to become one of the most [...]

Source from InfoStride News

]]> EFCC Is Going After Bank MDs – Ibrahim Magu https://www.theinfostride.com/efcc-is-going-after-bank-mds-ibrahim-magu/ Mon, 27 Jun 2016 10:28:38 +0000 http://www.theinfostride.com/?p=133964 The Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has said the agency will go after banks and their personnel involved in money laundring. According to reports, Magu said he has urged the Governor of the Central Bank of Nigeria to stop private banking, saying its illegal. “I insisted that this so-called private [...]

Source from InfoStride News

]]> French Regulatory Organization Authorizes Major French Bank to Use Talk to Pay for Card Not Present Payments with Voice Recognition [Press Release] https://www.theinfostride.com/french-regulatory-organization-authorizes-major-french-bank-to-use-talk-to-pay-for-card-not-present-payments-with-voice-recognition-press-release/ Sun, 27 Mar 2016 18:38:57 +0000 http://www.theinfostride.com/2016/03/french-regulatory-organization-authorizes-major-french-bank-to-use-talk-to-pay-for-card-not-present-payments-with-voice-recognition-press-release/ French Regulatory Organization Authorizes Major French Bank to Use Talk to Pay for Card Not Present Payments with Voice Recognition French data protection regulatory organization (CNIL) authorization makes it possible for all La Banque Postale cardholders to benefit from Talk to Pay, allowing them to be protected during Card Not Present purchases thanks to voice [...]

Source from InfoStride News

]]> Dbanj & Adekunle Gold To Perform In Abuja https://www.theinfostride.com/dbanj-adekunle-gold-to-perform-in-abuja/ Thu, 17 Mar 2016 11:01:30 +0000 http://www.theinfostride.com/?p=123224 The vocational skills competition organized by Bank of Industry and the National Board for Technical Education (NBTE) reaches its grand finale today. From 95 candidates who displayed their skills in seven different vocational skills categories in Kaduna and Lagos, BOI and NBTE will be unveiling the top 21 talents in the seven skills category today, [...]

Source from InfoStride News

]]> Muhammadu Buhari Welcomes Islamic Bank’s Loan Offer https://www.theinfostride.com/muhammadu-buhari-welcomes-islamic-banks-loan-offer/ Fri, 26 Feb 2016 10:59:55 +0000 http://www.theinfostride.com/?p=121424 President Muhammadu Buhari on Thursday welcomed an offer by the Islamic Development Bank (IDB) to organise a financing roundtable in Abuja to mobilise funds for investment and development of infrastructure in Nigeria. The president announced this while reacting to an offer by the President of the bank, Dr Ahmed Ali, during a meeting in Makkah, [...]

Source from InfoStride News

]]> 2 Policemen, Bank Officials Dead In Osun State Bank Robbery https://www.theinfostride.com/2-policemen-bank-officials-dead-in-osun-state-bank-robbery/ Sun, 14 Feb 2016 01:36:16 +0000 http://www.theinfostride.com/?p=120502 Mr Kola Sodipo, the Commissioner of Police in Osun, on Saturday said that two police men were killed during a bank robbery in Ikirun, Ifelodun Local Government Area on Friday. Sodipo, who disclosed this at a news conference in Osogbo, said that two bank officials were also killed by the dare-devil robbers during the operation. [...]

Source from InfoStride News

]]> Bayern Munich Smiing To The Bank After Record UCL Campaign https://www.theinfostride.com/bayern-munich-smiing-to-the-bank-after-record-ucl-campaign/ Thu, 10 Dec 2015 13:16:48 +0000 http://www.theinfostride.com/?p=111758 Bayern Munich are laughing all the way to the bank after earning 25 million euros ($27.35m) so far following the best Champions League group stage campaign in the club’s history. With 15 points, from a possible 18, and 19 goals scored with just three conceded in five wins and a single defeat, Bayern had already [...]

Source from InfoStride News

]]> NYSC Gets 7.2billion Naira Loan From 3 Banks For Disbursement To Corps Members https://www.theinfostride.com/nysc-gets-7-2billion-naira-loan-from-3-banks-for-disbursement-to-corps-members/ Sun, 08 Nov 2015 11:07:31 +0000 http://www.theinfostride.com/?p=106425 Bank of Industry (BoI), First City Monument Bank (FCMB) and Heritage Bank have released a total of 7.2 billion naira loan to the National Youth Service Corps (NYSC), to boost corps members skills acquisition and empowerment goals. “The tune of 2 billion Naira by Bank of Industry, 5 billion Naira FCMB Credit Direct, 200 million [...]

Source from InfoStride News

]]> Emir Of Kano Faults Inter-agency Rivalry Over Boko Haram Activities https://www.theinfostride.com/emir-of-kano-faults-inter-agency-rivalry-over-boko-haram-activities/ Thu, 29 Oct 2015 18:50:30 +0000 http://www.theinfostride.com/?p=104221 The Emir of Kano and former Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, yesterday, faulted what he called unhealthy rivalry among security agencies in the country in their fight against insurgency. He said if the trend is not checked, it could derail government determination to end Boko Haram activities by December. The [...]

Source from InfoStride News

]]> CBN Governor Emefiele Forecasts Nigerian Economy May Go Into Recession In 2016 https://www.theinfostride.com/cbn-governor-emefiele-forecasts-nigerian-economy-may-go-into-recession-in-2016/ Wed, 23 Sep 2015 16:20:16 +0000 http://www.theinfostride.com/?p=100569 The Central Bank of Nigeria (CBN) has said that it is unaware of any memorandum exempting some institutions from the Treasury Single Account (TSA). The bank, therefore, called on all affected organizations to comply with the directive of moving their money to the central bank immediately. It also raised alarm that the country may go [...]

Source from InfoStride News

]]> EFCC Declares Former Societe Generale Bank Director, Kennedy Izuagbe Wanted for 3.6bn Naira Fraud https://www.theinfostride.com/efcc-declares-former-societe-generale-bank-director-kennedy-izuagbe-wanted-for-3-6bn-naira-fraud/ Fri, 18 Sep 2015 11:11:59 +0000 http://www.theinfostride.com/?p=99719 Kennedy Izuagbe, a former director of Societe Generale Bank Nigeria Plc and  managing director of Carlisle Properties and Investment Limited, has been declared wanted by the Economic and Financial Crimes Commission, EFCC. Izuagbe, 45, who is being investigated in a case of conspiracy and money laundering to the tune of over N3.6 billion, has gone [...]

Source from InfoStride News

]]> #Nigeria > Banks Move 1.2 Trillion Naira To CBN In Compliance With Treasury Single Account Directive https://www.theinfostride.com/nigeria-banks-move-n1-2trn-to-cbn-in-compliance-with-tsa-directive/ Wed, 16 Sep 2015 21:30:07 +0000 http://www.theinfostride.com/2015/09/nigeria-banks-move-n1-2trn-to-cbn-in-compliance-with-tsa-directive/ An estimated N1.2 trillion of public sector funds were transferred to the Central Bank of Nigeria (CBN) by Deposit Money Banks in the country in compliance with the Federal Government directive on Treasury Single Account (TSA). President Muhammadu Buhari (PMB) had ordered that all revenues be paid into the “Treasury Single Account” (TSA) from yesterday, [...]

Source from InfoStride News

]]> #Celebrity > Kokomaster Concludes Video Commercial For His Koko Garri https://www.theinfostride.com/celebrity-dbanj-concludes-video-commercial-for-his-koko-garri/ Sat, 12 Sep 2015 15:57:46 +0000 http://www.theinfostride.com/2015/09/celebrity-dbanj-concludes-video-commercial-for-his-koko-garri/ The Kokomaster, D’banj has just concluded the video shoot for the TV commercial for the Bank of Industry’s CAP Fund and Koko garri, with Fade and Sesan Ogunro’s production company called the Film Factory. The superstar singer and businessman, D’banj talked about why you should buy his garri and get informed about the CAP (Cottage [...]

Source from InfoStride News

]]> #Nigeria > Debtors List: Enterprise Bank Apologises To Mr. Sam Nda-Isaiah, Wife https://www.theinfostride.com/nigeria-debtors-list-enterprise-bank-apologises-to-nda-isaiah-wife/ Wed, 09 Sep 2015 11:30:08 +0000 http://www.theinfostride.com/2015/09/nigeria-debtors-list-enterprise-bank-apologises-to-nda-isaiah-wife/ Former Enterprise Bank, now Heritage Bank, has apologized to Mr. Sam Nda-Isaiah for erroneously listing his name, that of his wife – Zainab and Banana Republic Limited, in its debtors’ list. The list was published by the bank in two national dailies. Mr. Nda-Isaiah is chairman of Banana Republic Ltd. The bank, in a letter [...]

Source from InfoStride News

]]> #Nigeria > Doing Business In Nigeria Still Very Hard – World Bank Report https://www.theinfostride.com/nigeria-doing-business-in-nigeria-still-very-hard-world-bank/ Sat, 05 Sep 2015 15:30:06 +0000 http://www.theinfostride.com/2015/09/nigeria-doing-business-in-nigeria-still-very-hard-world-bank/ Nigeria may be the largest economy in Africa but it is one of the hardest places to do business. According to the World Bank Group, in its Doing Business report, Nigeria ranks 170th out of 189 countries on the ease of doing business list released by the lender. However, there was an improvement of 2.9 [...]

Source from InfoStride News

]]> President Buhari Directs CBN To Pay Tuition Of Ex-Militants | #News https://www.theinfostride.com/buhari-directs-cbn-to-pay-tuition-of-ex-militants-news/ Sat, 29 Aug 2015 09:30:28 +0000 http://www.theinfostride.com/2015/08/buhari-directs-cbn-to-pay-tuition-of-ex-militants-news/ President Muhammadu Buhari, has directed the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele to ensure the outstanding tuition, stipends and allowances of all amnesty beneficiaries were paid without further delay. This was confirmed in a statement yesterday by the Head of Communications, Amnesty Office, Mr. Daniel Alabra. Following the directive, Alabra said the [...]

Source from InfoStride News

]]> CBN Disburses Funds To States To Pay Backlog of Owed Workers’ Aalaries | #Nigeria https://www.theinfostride.com/cbn-disburses-funds-to-states-to-pay-owed-workers-nigeria/ Wed, 26 Aug 2015 21:30:06 +0000 http://www.theinfostride.com/2015/08/cbn-disburses-funds-to-states-to-pay-owed-workers-nigeria/ The Central Bank of Nigeria (CBN) has approved the request by Deposit Money Banks (DMBs) to provide financial accommodation to State Governments to enable them pay the backlog of salaries of their workers. This came following the decision by the National Executive Council (NEC) at its meeting of 29th June, 2015 requesting the CBN, in [...]

Source from InfoStride News

]]> Benue Approves Bridge Road Construction To Check Flooding | #Nigeria https://www.theinfostride.com/benue-approves-bridge-road-construction-to-check-flooding-nigeria/ Fri, 21 Aug 2015 15:30:40 +0000 http://www.theinfostride.com/2015/08/benue-approves-bridge-road-construction-to-check-flooding-nigeria/ Benue State Commissioner for Works and Transport, Mr. Emmanuel Manger, said the state government has approved the construction of the Makurdi Old Bridge Road to check flooding. Manger, who is also the Chairman, State Committee on Erosion and Flood Control, said this in Makurdi on Friday in an interview with the News Agency of Nigeria. [...]

Source from InfoStride News

]]> PDP Governors Call For An End To DSS Interference In Electoral Matters | #Nigeria https://www.theinfostride.com/pdp-governors-call-for-an-end-to-dss-interference-in-electoral-matters-nigeria/ Thu, 20 Aug 2015 15:02:28 +0000 http://www.theinfostride.com/2015/08/pdp-governors-call-for-an-end-to-dss-interference-in-electoral-matters-nigeria/ Thirteen governors elected on the platform of the Peoples Democratic Party (PDP) have warned the Department of State Service (DSS) to stop arresting, detaining and questioning staff of the Independent National Electoral Commission (INEC) over electoral-related matters. At a press briefing after the end of their meeting Wednesday night in Abuja, chairman of PDP Governors’ [...]

Source from InfoStride News

]]> Every Bank Worker Now A Marketer As Liquidity Problem Worsens | #Nigeria https://www.theinfostride.com/every-bank-worker-now-a-marketer-as-liquidity-problem-worsens-nigeria/ Thu, 20 Aug 2015 07:30:04 +0000 http://www.theinfostride.com/2015/08/every-bank-worker-now-a-marketer-as-liquidity-problem-worsens-nigeria/ Some banks in Nigeria have given deposit targets to their workers as they face low cash inflow due to the shrinking of public sector funds component of banks’ deposit base. The overall cash inflow from the system in the month of August, so far, has been reported to be about N440 billion compared to about [...]

Source from InfoStride News

]]>