Tag - banks

CBN: Banks no longer allowed to sack more than 5 staff without approval

Central Bank of Nigeria (CBN) has given a stern warning to all banks that they must seek its approval if they must sack more than five staff. This was stated in the communique released by the Bankers Committee after its meeting on Friday. The committee, in a circular signed by Director, Financial Markets Department, CBN,...

REJECT N50 POS FEE, CBN TELLS CUSTOMERS

The Central Bank of Nigeria (CBN) has asked bank customers not to pay N50 charge to businesses for using point of sale (POS) machines. CBN Director payment system management department, Musa Jimoh, told The Cable that: “the stamp duty is a fee regulated by an act. The CBN doesn’t regulate the stamp duty so we...

BREAKING: CBN Slashes ATM Withdrawal Fee To N35

The Central Bank of Nigeria (CBN) on Sunday, announced a reduction on the withdrawal fee charged for the use of other banks’ Automated Teller machines from N65 to N35. CBN announced this as a part of a new Guide to Bank Charges. The N35 charge would be charged on the third withdrawal made in a month...

AMCON – President Buhari Sacked Muiz Banire

President Muhammadu Buhari has sacked Muiz Banire as the Chairman of the Governing Board of the Assets Management Corporation of Nigeria, appointing Edward Lametek Adamu as new chairman of the Corporation. This was contained in a letter read on the floor of the Senate by the Senate President, Senator Ahmad Lawan. The letter, dated December 9,...

BREAKING: NYSC Members To Enjoy New Minimum Wage.

The Minister of Youth and Sports Development, Sunday Dare, has said that members of the National Youth Service Corps (NYSC) will enjoy the new minimum wage/allowance. He made the disclosure on Wednesday evening via his Twitter handle. He said details of the new allowance would be provided by the NYSC Director General, Brig. Gen. Shuaibu Ibrahim,...

Wizkid shuts down O2 Arena with Starboy Fest

Wizkid Nigerian Musician, Wizkid, has again made history after he sold out the 20,000 capacity O2 Arena in London, making it his second time doing this. Wizzy, as he is fondly called, had so many top Nigerian artistes performing at the event. The Nigerian born, African superstar, Wizkid commenced Starboy Fest in Manchester, United Kingdom. Performers include...