Zenith Bank, Cross Rivers, Nigeria, Banking, Economy

Muhammad Nami, Executive Chairman, FIRS Wins ICAN Merit Award

By The Insight Team May 7, 2023 198 0

  Also named winner BusinessDay Newspaper Excellence in Public Service Award 2022 … The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami has been named winner of the Institute of Chartered Accountants of Nigeria (ICAN) Merit Award 2023 in its Non-Members Category at the Institute’s 2023 Annual Dinner Awards.   Mr. Nami, who […]Continue Reading

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CBN confirms evacuation of banknotes to DMBs

By The Insight Team March 24, 2023 211 0

…Directs Banks to open their branches on Saturday and Sunday …CBN Gov to monitor compliance personally The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations. The CBN has […]Continue Reading

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Kogi sensitises residents, fuel stations on old naira notes acceptance

By The Insight Team March 14, 2023 168 0

The officials of Kogi Government and Stakeholders in the financial sectors, have sensitised Kogi residents on the need to accept the old naira notes in line with the Supreme Court judgment. The News Agency of Nigeria (NAN) recalls that the Supreme Court on March 3, ruled that the new and old naira notes should co-exist […]Continue Reading

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Cash squeeze: Kaduna residents turn to petrol stations

By The Insight Team February 20, 2023 251 3

Kaduna residents have turned to petrol filling stations for salvation in their desperate search for cash to satisfy their pressing needs, reports the News Agency of Nigeria (NAN). This development is sequel to scarcity of cash in Automated Teller Machines (ATM) of most banks in the metropolis, just as PoS operators have closed shop for […]Continue Reading

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Is Nigeria prepared for Emefiele’s cashless policy?

By The Insight Team February 8, 2023 263 2

Cashless monetary policy is the way to go, but Nigeria needs to deepen digital literacy as the starting point. By Daniel Adaji Key points: Internet penetration is barely above average Digital literary is also not impressive 36 per cent of Nigerians, over 50 million, are not literate Poor Nigerians cannot procure android mobile phones for […]Continue Reading

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New Naira notes scarcity: Businesses shutdown in Kogi communities

By The Insight Team January 26, 2023 266 2

By Daniel Adaji Anthony Esther, a resident in Okpo, Olamaboro Local Government Area of Kogi State, has lamented the non-availability of the new Naira notes in her community and how several businesses have shut down not wanting to continue to transact in the old currency for fear that they might not be able to change […]Continue Reading

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FactCheck: No, Nigeria hasn’t introduced N5,000 and N2,000 banknotes

By The Insight Team October 28, 2022 258 0

By David Ajikobi A video posted on Facebook in July 2021 shows piles of what seem to be Nigerian naira banknotes. A hand lifts bundles of the notes to the camera, revealing that they have the insignia and name of the central bank and are in denominations of N5,000 and N2,000. A woman’s voice can […]Continue Reading

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Fact-check: Did armed robbers raid UBA in Ankpa?

By The Insight Team September 13, 2022 349 3

By Daniel Adaji Armed robbers attacked banks in Ankpa Local Government Area of Kogi State onTuesday September 6, 2022. This attack was the second most gruesome in 10 years and it left at least two persons dead, several others wounded and a Police Station shattered. Claim: Several media organisations reported that three bank branches: United […]Continue Reading

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Cash shortage hits Kogi East after Ankpa Bank Robbery

By The Insight Team September 11, 2022 344 Post a comment

By  Daniel Adaji The robbery of First Bank Plc and Zenith Bank Plc branches in Ankpa, Kogi East last Tuesday, September 6, 2022, has caused severe cash shortage in the geopolitical zone. An eye witness, Julius Adukwu, who is a resident of Ankpa,  told The Insight that “The robbers invaded Ankpa at about 1pm on […]Continue Reading

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Decade-long sectarian conflict in Plateau threatens N10bn deal with Jaiz Bank

By The Insight Team September 6, 2022 274 0

The people of Plateau State want their beloved Jos ultramodern Terminus Market rebuilt, but not in partnership with Shariah-compliant bank   By Joseph Dangyang in Jos. Conceived in1975 and completed 10 years later in 1985, the forward-looking and sprawling Jos Terminus Main Market, was the socio-economic signature of the old Benue-Plateau, and later Plateau State. […]Continue Reading

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Data show inflation is high in debt-ridden Kogi State

By The Insight Team August 24, 2022 297 Post a comment

By Daniel Adaji The National Bureau of Statistics (NBS) data from January to June, 2022 indicate that inflation rate is higher in Kogi State than in relatively developed states like Kano, Lagos, Port Rivers and even the Federal Capital Territory (FCT), Abuja. An agrarian state, with a lot of civil servants, it is surprising that […]Continue Reading

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National Economic Council Commends Nigeria Sovereign Investment Authority’s performance

By The Insight Team August 20, 2022 201 Post a comment

Receives briefing on crude oil production & security Council sub-committee to consider Governors’ concerns over ownership of new NNPC Ltd By Daniel Adaji The National Economic Council (NEC) has endorsed a report on the 2021 financial performance of the Nigeria Sovereign Investment Authority (NSIA), commending the board and management for a credible performance despite Continue Reading