WEMA BANK ANNOUNCES CALL FOR ENTRIES FOR ITS YOUTH-FOCUSED HACKATHON, HACKAHOLICS 5.0
Wema Bank, Nigeria's foremost innovative bank and pioneer of Africa's first fully digital bank, ALAT, has announced the Call for Entries in the 5th edition of its flagship youth and startup-focused tech competition, Hackaholics. This announcement was made at the Press Conference held at Wema Bank’s Head Office...
The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has taken decisive action against Heritage Bank by shutting down its head office in Lagos.
This move comes in response to the bank’s management’s recent mass sacking of over 1000 personnelMwithout following due process.
NUBIFIE vowed to continue picketing the bank’s premises until the management addressed t...
*Goldman Sees Nigerian Naira Extending World-Beating Rally
*Naira is globe’s best performing currency this month
*Rebound follows steep decline caused by two devaluations
Nigeria’s naira could extend gains that have already made it the best-performing currency in the world this month, said a Goldman Sachs Group Inc. economist — provided policymakers stay on track.
The naira has rallied 12%...
The Central Bank of Nigeria (CBN) has increased the monetary policy rate (MPR) by 200 basis points, to a new unprecedented 24.75% at the end of its 294th meeting of the Monetary Policy Committee (MPC).
This is a lower hike compared to the 400 basis points at 22.75% in the previous month. The decision announced by the CBN governor, Yemi Cardoso, propels the MPR to its highest point ever, reaffir...
Major Crypto Exchange OKX shuts down in India, advices users to withdraw all funds
Major Cryptocurrency exchange OKX has announced that it is shutting down its services in India due to local regulations.
The Crypto exchange advised its users to withdraw all funds on the platform by the end of April.
According to Bitcoin News, the exchange sent out a notice to its users on Thursday announc...
Nigerian banks are now requesting that customers applying for forex transactions via a Form A must now provide at least the last 3 years tax clearance certificate.
Nairametrics confirmed this from an email notification from Standard Chartered Bank to its customers.
According to the notice, effective April 1, 2024, all Standard Chartered Bank customers who use Form A for applications are mand...
Bitcoin breaks $70,000 in volatile trading, hitting a new record to end the week
KEY POINTS
The price of bitcoin jumped to a new record on Friday.
With the introduction of spot bitcoin exchange-traded funds in the U.S., big crypto moves now tend to take place during traditional stock trading hours.
The price of bitcoin jumped to a new record on Friday, breaking through $70,000 for the fi...
Binance will stop all transactions and trading in Nigeria's local currency after March 8 amid a country-wide crackdown on crypto exchanges that have been blamed by authorities for feeding a black market for foreign exchange.
It will stop supporting withdrawals after Friday and any remaining balances in Nigerian Naira will be automatically converted into Tether - a stablecoin whose value is pegg...
Lagos traders should desist from displaying their wares for sale on walkways, lay-bys, setbacks, road medians, verges, and curbs because street trading and hawking remain banned in Lagos State.
Over 91 million bank accounts at risk of deactivation as CBN’s BVN/NIN deadline expires
As the March 1 deadline set by the Central Bank of Nigeria (CBN) for the linkage of bank accounts with either the Bank Verification Number (BVN) or National Identity Number (NIN) expires, approximately 91 million bank accounts face the risk of being frozen.
The CBN had directed commercial banks to restric...
CBN Revokes Operational Licenses of 4,173 BDCs
The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised Operational Guidelines for Bureaux De Change 2015 (the Guidelines), has revoked the licenses of 4,173 Bureaux De Change Operators.
The list of affected BDC operators is availabl...
Binance, Others Face Billions of Dollars in Fines By SEC Over Alleged Currency Manipulations
•Firm’s executives reportedly arrested, detained, passports confiscated
•Naira gains at both parallel, official windows at N1,500/$1, N1,609/$
James Emejo in Abuja and Nume Ekeghe in Abuja
The Securities and Exchange Commission (SEC) may slam huge fines running into billions of dollars on one...
Top things not required during Interviews.
Some candidates are usually confused when I get to the end of the interview sessions and I let them know if they have any questions for me.
From those shocked, puzzled, bland, excited or are you kidding-me-kind-of look, I just laugh. Interviews shouldn’t be too fraught with negative energy. We all have been there.
So I want to drop those things w...
Banks have issues circulars for customers to link their NIN and BVN to their accounts and the deadline is near.
GT Bank seems to have released the modality for doing that but it hardly works. The website after filling my details won't even send me an OTP in order to continue with the process.
Has anyone successfully linked his NIN?
FULL LIST: 52% of BDCs in Nigeria are in Lagos
1. Lagos: 2,958
2. Abuja: 1,179
3. Kano: 981
4. Anambra: 259
5. Kaduna: 55
6. Abia: 50
7. Oyo: 32
8. Enugu: 25
9. Rivers: 24
10. Delta: 21
11. Sokoto: 18
12. Imo: 15
13. Edo: 14
14. Borno: 11
15. Bauchi: 7
16. Kwara: 7
17. Plateau: 6
18. Ebonyi: 4
19. Kebbi: 4
20. Niger: 3
21. Ogun: 3
22. Katsina: 3
23. Akwa Ibom: 2
24. Cross...