•Femi Otedola Billionaire businessman, Femi Otedola, has revealed that banks once deployed “bewitching ladies” to woo him for deposits and loans when his business empire was thriving. Otedola made the revelation in his forthcoming memoir, Making It Big: Lessons from a Life in Business, published by FO Books and set for release on August 18, [&...
Banks are inducing their customers to sell the foreign currencies domiciled in their branches. Some of the banks, it was discovered, have developed platforms to sensitise customers on how the dollar deposits in their domiciliary accounts can be converted to naira, reports The Nation. In a note via SMS to customers, some of the banks […]
•CBN Governor Cardoso The Central Bank of Nigeria (CBN) has debunked reports that it is considering a policy to convert foreign currencies in domiciliary accounts of citizens to naira to stabilise the national currency, which earlier this week recorded its worst performance in history. Management of the CBN debunked this news via its official ...
The Central Bank of Nigeria has directed all banks, other financial institutions, and non-bank financial institutions, to suspend the processing charges previously imposed on large cash deposits. This change, referenced under the “Guide to Charges by Banks, Other Financial Institutions, and Non-Bank Financial Institutions” dated December 20, 2...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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