By Yakubu LAAH InvestAdvocateLagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Wednesday said it will henceforth penalize banks for proscribing unionism. This was contained in a circular dated July 10, 2014 with reference number BSD/DIR/GEN/LAB/07/19 and signed by Tokunbo martins, director of banking supervision and posted on the CBN’s website. […]

The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Wednesday disclosed that over 200 Bureau de Change companies had met the new guidelines introduced by the bank recently. The CBN had recently increased the capital base of the BDC companies from N10m to N35m, among other guidelines. It gave […]

The United Bank for Africa (UBA) Plc has introduced a new product named ‘U-Advance Card, a payment card that allows workers that operate a salary account with the bank to get a credit advance ahead of pay-day. According to the bank, the U-Advance card is an internationally accepted card payment […]