Financial Institutions – InfoStride News

Harmonized Database Will Ensure Nigeria’s Rapid Economic Development – Aregbesola

Wale Adebayo — Sat, 19 Aug 2017 19:14:21 +0000

Osun State Governor Rauf Aregbesola last Tuesday said if Nigeria wants a rapid economic development, then there is the need to develop a rich data base that will contain the data and economic profile of every citizen. He said part of the problem the nation is facing in its national life is the absence of an [...]

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Enugu Governor Ugwuanyi engages Banks to Roll-out Credit Facilities for Traders

Alaba Rotimi — Tue, 08 Aug 2017 05:08:48 +0000

Enugu State Governor Ifeanyi Ugwuanyi has disclosed that his administration is currently discussing with financial institutions, international corporations and other relevant organizations on the ways and means of extending easier and more convenient lines of credit and other facilities to traders in the State to assist them grow their various businesses. Governor Ugwuanyi added that [...]

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UAE Apex Bank freezes Accounts of Qatar-linked Entities

Alaba Rotimi — Thu, 27 Jul 2017 21:59:59 +0000

United Arab Emirates (UAE) Central Bank has directed all bank and financial institutions to stop dealing with 18 individuals and entities who are allegedly linked to Qatar. The state run news agency, WAM, reported today that the 18 entities were added to the list of those that had been blacklisted for having links with Qatar. [...]

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My Encounter with Senator Rafiu Ibrahim, a Man of Many Virtues by Lawal Kuburat

Ade Adewale — Mon, 26 Dec 2016 17:41:21 +0000

I have dwelled all my life in the home of a prolific author of books rich enough to earn the award of a noble Laurette, yet I have never for once deemed it fit to express my feelings in writing. My first encounter with this man of noble character melted my hard heart about people [...]

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EFCC Boss Seeks Professional Bodies’ Support On Fighting Corruption

Kunle Edun — Sat, 18 Jun 2016 14:17:19 +0000

The acting Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has charged professional bodies in the country to join hands with the Commission in the fight against corruption and economic crimes. Speaking at a workshop on the “Role of Professionals in the Fight Against Corruption” at the Rockview Hotel, Abuja on Friday, June [...]

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MSME Fund: CBN Grants Graduates Access To N220bn, Sets New Attractive Guidelines

Wale Adebayo — Tue, 22 Dec 2015 08:58:12 +0000

The Central Bank of Nigeria (CBN) has reviewed the guidelines for the N220billion Micro, Small, and Medium Enterprises (MSME) Fund to allow new businesses (start-ups) borrow from the fund. Previously, only existing businesses can borrow from the fund through their banks. The new guidelines, however, removed this limitation stating, “Participating Financial Institutions (PFIs) are required [...]

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NYSC Discovers 17 Suspects With Fake Certificates Of Exemption and Exclusion

Wale Adebayo — Tue, 17 Nov 2015 09:32:42 +0000

Seventeen suspects with fake certificates of exemption and exclusion have been discovered by the National Youth Service Corps (NYSC). Three of the suspects using the certificates to work in one of the financial institutions, the NYSC management said, were on the run while four others have been handed over to security agents for prosecution. The [...]

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Treasury Single Account Probe: E-Collection Agent Accused Of Receiving 25bn Naira Fights Back

Wale Adebayo — Sun, 15 Nov 2015 16:44:48 +0000

The parent company of Remita, the e-payment and e-collection software deployed by the federal government to drive implementation of the Treasury Single Account (TSA), System Specs, has described recent allegations of wrongdoing against it as a ploy to frustrate the scheme. The Senate had on Tuesday mandated its Committees on Finance, Banking and Financial Institutions [...]

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Senate Probes Nigeria’s Treasury Single Account Over Claim That Collection Agent Gets 25billion Naira

Wale Adebayo — Fri, 13 Nov 2015 09:26:43 +0000

The Senate resolution followed a motion by Dino Melaye (APC-Kogi West) who argued that choosing a company, Remita, as the Federal Government’s electronic collection agent, violated Nigerian laws, including section 162 (1) of the 1999 Constitution as amended, Central Bank of Nigeria, CBN, Act, and Bank and other Financial Institutions Act, BOFIA, 2007. He said [...]

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