Author: InvestAdvocate

GTBank sacks 100 workers, promotes 500

Guaranty Trust Bank Plc has sacked 100 workers in the just concluded annual appraisal exercise of the bank for the 2013 financial year. The bank said, in a statement made available to our correspondent on Sunday, while 100 workers were sacked, 500 workers were promoted. It said, “The exercise resulted […]

CBN committed to effective e-payments system – Sanusi

The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has said that the bank remains committed to achieving the vision of providing Nigeria with a secure, robust and accessible payment infrastructure. A statement from the website of the bank on Friday quoted Sanusi as saying that the bank had taken […]

Six states, FCT control 90% of cash transactions

The Central Bank of Nigeria has said that Lagos State, five other and the Federal Capital Territory control about 90 per cent of cash transactions in the country. The other states, according to the apex bank, are Rivers, Anambra, Abia, Kano, Ogun. The Deputy Governor, Operations, CBN, Mr. Tunde Lemo, […]