FBN Holdings becomes Nigeria’s biggest lender by market value

FBN Holdings becomes Nigeria’s biggest lender by market value

FBN Holdings, the parent company of Nigeria’s oldest commercial banking institution First Bank, attained its all-time peak valuation on Monday. The feat was recorded after a week of sustained gains catapulted the worth of its shares beyond N1.2 trillion. The valuation lifts the financial services group to a new milestone as Nigeria’s biggest lender by […]

CBN Issues Guidelines To Manage Tech Platforms In Banks

CBN Issues Guidelines To Manage Tech Platforms In Banks

Central Bank of Nigeria CBN Issues Guidelines To Manage Tech Platforms In Banks The Central Bank of Nigeria (CBN) has issued an Exposure Draft of the Risk-based Cyber Cyber-security Framework and Guidelines for Deposit Money Banks, DMBs and Payment Service Banks, PSBs, in a bid to manage technology platforms and infrastructure used in running financial […]

Again, Naira Falls At Parallel N1,680/$1, Official Rates Gains to N1,582/$1

Again, Naira Falls At Parallel N1,680/$1, Official Rates Gains to N1,582/$1

Dollar Against Naira Again, Naira Falls At Parallel N1,680/$1, Official Rates Gains to N1,582/$1 The naira yesterday experienced a U-turn on its gaining streak as it slightly depreciated at the parallel market to N1,680/$1. However, the official Nigerian Autonomous Foreign Exchange (NAFEM) gained closing yesterday at N1,582.94 signifying an N82.56 gain compared to N1,665.5 it […]

Hardship: FG, labour in emergency talks as NLC insists on nationwide protest

Hardship: FG, labour in emergency talks as NLC insists on nationwide protest

• Ports, schools, hospitals to shutdown • NECA faults protest, says economy already challenged • Protesters hit Lagos streets despite police warning • NANS backs out, seeks dialogue with FG • Ohanaeze warns NLC against protest in Igboland • Police pledge protection, warn impostors against hijack Barring a last minute pull back, the nation’s seaports, […]

BREAKING: Nigerian High Court Fixes March 19 To Rule On Nnamdi Kanu’s Bail Application

BREAKING: Nigerian High Court Fixes March 19 To Rule On Nnamdi Kanu’s Bail Application

Kanu on Monday moved a fresh application for his bail in the treasonable felony charges filed against him by the Nigerian Government. A Federal High Court in Abuja has fixed March 19, 2024, to rule on the bail application filed by Nnamdi Kanu, the detained leader of the Indigenous People of Biafra (IPOB). Kanu on […]

BREAKING: Nigeria Secret Police, DSS Personnel Attack Sowore, Seize Mobile Phone, Assault His Supporters On His Way To Collect CTC Of Treasonable Felony Case Thrown Out By Abuja Court

BREAKING: Nigeria Secret Police, DSS Personnel Attack Sowore, Seize Mobile Phone, Assault His Supporters On His Way To Collect CTC Of Treasonable Felony Case Thrown Out By Abuja Court

The activist along with some people with him was attacked while on his way to the Federal High Court in Abuja to collect the certified true copy of his treasonable felony case recently thrown out by the court. #RevolutionNow convener, Omoyele Sowore was attacked by personnel of Nigeria’s secret police, Department of State Services (DSS) […]

BREAKING: NLC Vows to Strike Back if Attacked During Protest

BREAKING: NLC Vows to Strike Back if Attacked During Protest

In a bold and determined move, the Nigeria Labour Congress (NLC) has announced that it will not back down from its planned two-day nationwide protest, scheduled for February 28th and 29th, 2024.READ FULL ARTICLE HERE The NLC has faced a barrage of criticism from various groups in recent weeks, but it remains steadfast in its […]

Kogi: Consolidate on Bello’s legacies, Nigeria Editors tell Ododo

Kogi: Consolidate on Bello’s legacies, Nigeria Editors tell Ododo

The Nigeria Guild of Editors (NGE) has  called on the governor of Kogi state,  Ahmed Usman Ododo, to follow the footsteps of his predecessor, Alhaji Yahaya  Bello, by consolidating on the landmark achievements recorded by the former governor. NGE President Eze Anaba gave  the charge  weekend while briefing journalists shortly after the tour of Reference […]

Seyi Tinubu’s N346 Million Wristwatch Sparks Outrage in Nigeria, Where Only 5% Have Over N500,000 in Bank Accounts

Seyi Tinubu’s N346 Million Wristwatch Sparks Outrage in Nigeria, Where Only 5% Have Over N500,000 in Bank Accounts

In a country where only 5% of the population has over N500,000 in their bank accounts, the extravagant lifestyle of Seyi Tinubu, the son of President Bola Tinubu, has come under scrutiny. Reports have emerged that Seyi is using a wristwatch worth a staggering N346 million, highlighting the stark contrast between the affluent few and […]

EXCLUSIVE: CBN To Resume $20,000 Weekly Dollar Intervention To BDCs On Monday, Abandons Willing Buyer, Willing Seller Policy

EXCLUSIVE: CBN To Resume $20,000 Weekly Dollar Intervention To BDCs On Monday, Abandons Willing Buyer, Willing Seller Policy

Following pressure on the naira, the Central Bank of Nigeria (CBN) will resume its weekly dollar intervention to qualified Bureau de Change Operators (BDCs). This time, the apex bank will give BDCs about $20,000 per week, THE WHISTLER can exclusively report. THE WHISTLER learnt from a reliable document that the intervention will be done through […]