Zenith Bank Spends $38m to Overhaul Core Banking Software
Ronke Kehinde/ Zenith Bank is standardizing its core banking software on Misys’ Fusionbanking Essence platform, Banking Technology has reported. Sources…
Oil Price Faces Further Decline as U.S. Plans Increased Shale Production
Nigeria’s efforts to exit an economic recession primary induced by lowering crude oil prices face a grim future as U.S.…
Facebook To Introduce Dislike Button
Facebook may soon introduce a “dislike” option to the already available reactions on its Messenger platform, TechCrunch has reported. The…
Time to Re-visit Unclaimed Dividends Bill
The National Institute for Legislative Studies (NILS) has called for the re-visitation of the Unclaimed Dividends Bill which was brought…
N377b Debt Crisis: Etisalat Begs 13 Banks
The Nigerian affiliate of Abu Dhabi-listed telecoms company, Etisalat, is in talks with 13 Nigerian banks to renegotiate the terms…
Mercedes to Recall One Million Vehicles Globally After 51 Fire Incidents
Daimler AG said it would recall one million newer-model Mercedes-Benz vehicles worldwide due to the risk of fire, after 51…
Banks to Meet Dollar Demands in 48 hours: CBN
The Central Bank of Nigeria (CBN) has directed commercial banks to henceforth process and meet the demand for dollars and…
Sterling Bank to Raise N27b From Money Market
Sterling Bank has disclosed plans to issue a N27 billion ($88.74 million) bond this year to boost lending. The bank…
More Nigerians Embrace Ponzi Schemes, Bitcoin Despite CBN Warning
Matilda Omonaiye/ Nigeria has continued to witness an increase in Ponzi schemes and investment in bitcoin despite the N18 billion…
CBN: Why the Naira is Getting Stronger
The Central Bank of Nigeria (CBN) has linked the recent appreciation of the Naira against other currencies to the result…