Nigeria news today headlines : Thursday 6th June 2024
These are the Nigeria news today headlines updates from Nigerian newspaper .
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OPay Restates Crypto Transaction Ban On Platform
One of the leading financial technology companies in Nigeria, OPay, has reiterated the prohibition on cryptocurrency transactions and virtual assets trading on its platform. The fintech in a statement ,said that it was committed to upholding legal, constitutional, and regulatory duties hence the prohibition. Following the stoppage of onboarding of new customers by fintechs by
Greenwich Merchant Bank Gets CBN’s Approval For Holdings Company
Greenwich Merchant Bank, has secured Approval-in-Principle (AIP) from the Central Bank of Nigeria to transition into a holding company (holdco) structure. Speaking during the bank’s 29th Annual General Meeting (AGM) held in Lagos, its Chairman, Kayode Falowo, said the Holding Company will be named ‘Greenwich Holdings Limited’. It will oversee a diverse portfolio of existing
Stanbic IBTC Recognised As Nigeria’s Fastest-Growing Brand
Stanbic IBTC Holdings, a leading end-to-end financial institution in Nigeria and a member of the Standard Bank Group, has achieved a significant milestone by being recognised as the fastest-growing brand in Nigeria. This recognition comes from a comprehensive report by Brand Finance, a renowned London-based brand valuation consultancy. The annual analysis, which covered the period
Rainy Season: LAWMA Completes Rehabilitation Of Olusosun Dumpsite
As the rains approach, the Lagos Waste Management Authority (LAWMA) has completed the rehabilitation of Olusosun dumpsite, to ensure smooth waste disposal operations across the state. Managing Director/CEO of LAWMA, Dr. Muyiwa Gbadegesin, who made this known in a statement on Thursday, said the maintenance effort was aimed at improving operational efficiency in anticipation of
Abbey Mortgage Bank Pays N406.154m Dividend, Eyes Fresh Opportunities
Abbey Mortgage Bank Plc has rewarded and paid its shareholders a total dividend of N406.154 million, representing 4 kobo per share for the year ended December 31, 2023. This is as it stated its determination to capitalise on opportunities within the financial sector by aiming to transit into a regional commercial bank. The bank stated
Lagos Gives Oshodi Traders Next Monday Deadline To Remove Extensions, Attachments On Shops
LAGOS – The Lagos State Government, through the Lagos State Building Control Agency, LASBCA, has given traders and shop owners within the Oshodi Markets up to July 31st 2024 deadline to remove all extensions and attachments built on shops or face sanctions. Arc. Gbolahan Owodunni Oki, the General Manager of Lagos State Building Control Agency,
Finance Minister Presents Economic Stability Emergency Plan To Tinubu
The Economic Management Team’s Emergency Taskforce (EET) has presented to President Bola Ahmed Tinubu a proposed emergency package, the accelerated stabilisation and actualisation plan, to restore economic stability. The EET was established to formulate an immediate action plan required to restore stability, growth of, and confidence, in the nation’s economy, and to develop a comprehensive
Tinubu Rallies Stakeholders On Protective Policy For Sustainable Ecosystem
ABUJA – President Bola Tinubu has called for earnest effort and action by citizens, stakeholders, institutions, and development partners to safeguard the environment and ensure a win-win transition to a prosperous and clean economic future for all. He stated this on the occasion of the World Environment Day marked every June 5. The World Environment
NDIC Begins Payment To 2.3m Liquidated Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has said it will begin paying insured sums to 2.3 million depositors of Heritage Bank in liquidation this week, after the Central Bank of Nigeria (CBN) revoked its licence citing poor financial performance, which could affect the country’s entire financial system. The CBN had said its decisive to revoke
Shutdown Of National Grid Economic Sabotage, Perpetrators Must Be Held Accountable — Reps
The House of Representatives on Wednesday said the shutdown of the national electricity grid during labour unions strike constituted economic sabotage, as perpetrators must be held accountable. The House of Representatives in a statement by its spokesperson, Akin Rotimi, shutting down such critical infrastructure is detrimental to the well-being of our country. “Importantly, the shutdown
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