Category Archives: Finance

DSS Arrests Bad Guys Trying To Steal N4.5bn From TSA

*Insider in Accountant-General’s Office Nabbed
So all some people can think of now is how to steal the Trillions that have been saved through TSA?

A plot by a syndicate to steal N4.5billion from the Federal Government’s of Nigeria Treasury Single Account (TSA) has been foiled by the Directorate of State Services (DSS).

CBN Extends BVN for Nigerians In Diaspora To June 30

Four days after its deadline for Nigerian banks customers oversea to enroll for the Bank Verification Number (BVN) elapsed, the Central Bank of Nigeria (CBN) yesterday set June 30, 2016 as new deadline for their compliance with the registration requirement.

A statement issued yesterday by the apex bank and signed by the Director of Banking Supervision, ‘Dipo, Fatokun, said the deadline for Diaspora customers BVN registration and linkage of accounts has been extended from January 31, 2016 to June 30 2016.

The CBN said the extension became necessary when it “observed through a recent survey, the low percentage of registration of Nigerian banks’ customers in Diaspora which may be attributed to lack of accessibility of registration centres and unavailability of registration centres in some cities where Nigerian population is high.”

2016 Budget: Why President Buhari Must Acquire $3.5bn World Bank Loan

Abuja – A former director of finance in the Nigeria Ports Authority (NPA) and deputy director of the Goodluck Jonathan campaign organisation, Alhaji Isa Tafida Mafindi has explained why President Muhammadu Buhari needed to access World bank loans for investment into agriculture and the solid minerals sectors of the economy.

Mixed reactions had trailed recent reports that the federal government was planning to borrow $3.5 billion to finance the 2016 budget, as Nigerians expressed divergent opinions on whether or not the country should access the loans.

Ecobank Plc Begins Agency Banking Services in Nigeria

Ecobank Nigeria has commenced agency banking services, enabling its appointed agent partners carry out banking services on its behalf, so as to offer basic banking services to the underbanked by providing extended hours for available banking services in the customers’ neighborhood.

Agency banking services is designed to increases the bank’s retail distribution network allowing it provide basic banking services to its customers as well as offer payment services such as bank transfers, bill payments and airtime top-up to the general public.

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