Banking and Finance

UBA Announces New GMD, Executive Board Appointments

The United Bank for Africa Plc (UBA), Africa’s global bank, yesterday announced the appointment of Mr. Oliver Alawuba as its Group Managing Director. Alawuba is to oversee all the Group’s banking operations across its 20 African country network and globally in the United…

02/08/2022

We Are Not Recruiting, FIRS Cautious Against Scam

The Federal Inland Revenue Service (FIRS) has on many occasions cautioned the general public to be vigilant and circumspect not to deal with scam artists who pose as recruitment agents for the Service and collect huge sums of money from unsuspecting victims…

01/08/2022

Real Estate Firms Raised Over N72 Billion from NGX in 10 years

The Nigerian Exchange Limited (NGX) said it has raised over N72 billion for real estate companies in 10 years just as it plans to launch an initiative known as Impact Board to address the lingering housing deficit. Group Chief Executive Officer, Nigerian Exchange…

01/08/2022

ABCON Cautions Against Inflation Worsening Policies

The Association of Bureaux De Change Operators of Nigeria (ABCON) has cautioned the Federal Government against policies that can worsen the impact of upward inflationary trend on the populace. ABCON gave this warning in its Quarterly Economic Review for the second quarter of…

01/08/2022

CBN Only Directed Account Regularization Of Associations Not Registered With CAC

The Central Bank of Nigeria (CBN) has said it did not direct Deposit Money Banks to seize funds in Community Associations’ Savings Accounts. Recall that The Lawyer had earlier reported that most of Nigeria’s banking service providers recently commenced the process of closing…

01/08/2022

Insurance Companies To Face Sanction Over Non-Settlement Of Claims — NAICOM

The National Insurance Commission (NAICOM) has warned that more Insurance companies may be sanctioned for their inability to settle claims, in a bid to sanitise the Industry. Non-settlement of claims has been a major challenge in the insurance Industry, and in June,…

01/08/2022

Forex: Moves On To Stabilise Naira, Says CBN

The Central Bank of Nigeria (CBN) has vowed to resolve the current foreign exchange crises confronting the nation. A statement by its spokesman Osita Nwanisobi in Abuja on Friday said the CBN is “working to manage both the demand and supply side challenges”. Nwanisobi…

29/07/2022

Non-Remittance Of Dollars By NNPC Behind Naira Crisis — CBN

Non-remittance of dollars to foreign reserves by the Nigeria National Petroleum Corporation (NNPC) is responsible for naira’s free fall in the official and parallel markets, the Central Bank of Nigeria (CBN) has said. As at the close of work yesterday, the naira…

29/07/2022

Flutterwave, Chipper Cash Not Licensed To Operate Payment Services, Says Kenyan Central Bank

The Central Bank of Kenya (CBK) says Flutterwave and Chipper Cash are not licensed to operate in the country. Patrick Njoroge, CBK governor, said this on Thursday in Nairobi, the country’s capital, at a media briefing following its monetary policy committee (MPC) meeting. Flutterwave…

29/07/2022

IMF Retains Nigeria’s Growth Prospect At 3.4%

The International Monetary Fund (IMF) has retained projected economic growth of 3.4 per cent for Nigeria in 2022. The Washington-based institution disclosed this on Tuesday in its World Economic Outlook (WEO) for July 2022 entitled, “Gloomy and More Uncertain”. At its last economic…

27/07/2022

Banking and Finance

UBA Announces New GMD, Executive Board Appointments

We Are Not Recruiting, FIRS Cautious Against Scam

Real Estate Firms Raised Over N72 Billion from NGX in 10 years

ABCON Cautions Against Inflation Worsening Policies

CBN Only Directed Account Regularization Of Associations Not Registered With CAC

Insurance Companies To Face Sanction Over Non-Settlement Of Claims — NAICOM

Forex: Moves On To Stabilise Naira, Says CBN

Non-Remittance Of Dollars By NNPC Behind Naira Crisis — CBN

Flutterwave, Chipper Cash Not Licensed To Operate Payment Services, Says Kenyan Central Bank

IMF Retains Nigeria’s Growth Prospect At 3.4%

Subscribe to our Newsletter

Stay updated with the latest legal insights, news, and resources delivered straight to your inbox.

Best Choice for Creatives