Tag: Banking
-
Okah Files New Application to Declare His Imprisonment in South Africa Unlawful
Press Release Okah Files New Application to Declare His Imprisonment in South Africa Unlawful Henry Okah, the leader of the Movement for the Emancipation of the Niger Delta, who is currently serving a 24-year prison sentence in South Africa, has filed a fresh application to that country’s Constitutional Court to…
-
CBN Prohibits Use of Foreign-Currency Denominated Collaterals for Naira Loans
LETTER TO ALL BANKS Abuja, April 8 – THE USE OF FOREIGN-CURRENCY-DENOMINATED COLLATERALS FOR NAIRA LOANS The Central Bank of Nigeria has observed the prevailing situation where bank customers use Foreign Currency (FCY) as collaterals for Naira loans. Consequently, the current practice of using foreign currency-denominatedcollaterals for Naira loans is…
-
Compliance Of Public Companies With Sections 60-63 Of The Investments And Securities Act (2007)
Abuja, Feb. 19 – Further to the Commission’s circular dated 8th November, 2021 on the compliance by Public Companies with the requirements of Sections 60 to 63 of the Investments and Securities Act 2007 on Internal Control over Financial Reporting, the Commission hereby notifies the reporting entities that the Directors…
-
Access Holdings Plc Announces the Appointment if Ms. Bolaji Agbese as Acting Group Chief Executive Officer
Lagos, Feb. 12 – Further to its announcement dated February 1, 2024, the Board of Directors of Access Holdings Pic (‘the Company’) has today announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer of the Company following the unfortunate demise of its former Group Chief…
-
Central Bank Warns Against Use of Foreign Currency as Medium of Exchange in Nigeria
Abuja, Feb. 5 – THE USE OF FOREIGN CURRENCY AS A MEDIUM OF EXCHANGE IN NIGERIA The attention of the Bank has been drawn to the increasing use of foreign currencies in the domestic economy as a medium of payment for goods and services by individuals and corporates. It has…
-
Zenith Bank Statement Regarding False Reports of Arrest of Group Chief Executive Officer
Lagos, Jan. 10, 2024 – PUBLIC STATEMENT FROM ZENITH BANK PLC REGARDING FALSE REPORTS OF THE GROUP MANAGING DIRECTORS’ ARREST BY THE ECONOMIC AND FINANCIAL CRIMES COMMISSION (EFCC). We have become aware of inaccurate reports circulating on social media and certain news outlets alleging that Dr. Ebenezer Onyeagwu, the Group…
-
Turk Eximbank Joins Africa Finance Corporation (AFC) as Inaugural non-African Shareholder
LAGOS, Nigeria, December 29, 2023 — Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced an equity investment from Turk Eximbank on behalf of the Republic of Türkiye, marking a historic milestone in onboarding the Corporation’s first non-African sovereign shareholder. The equity subscription from Türkiye’s official…
TNG Presswire 