Bank & Finance

Why Your Cheque May Not Be Honoured

Filed in Bank & Finance by on August 24, 2016 0 Comments
Why Your Cheque May Not Be Honoured

Despite the growing usage of electronic means of payment, cheque is still commonly used among bank depositors. Apart from the inconvenience that a person could encounter, it can also be embarrassing when one gets to the bank to cash a cheque and the bank rejects it. A cheque is a signed document by the account […]

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What To Consider Before Writing A Cheque

Filed in Bank & Finance by on August 24, 2016 0 Comments
What To Consider Before Writing A Cheque

An online report by www.thebalance.com? gives some advice on what to consider before writing a cheque. After you write a cheque, make a record of the payment (ideally with a cheque register, whether electronic or on paper). This prevents you from spending the money twice — the funds will still show as available in your […]

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NAIRA TO CHANGE AGAIN

Filed in Bank & Finance, Business, Headlines by on August 24, 2012 0 Comments
NAIRA TO CHANGE AGAIN

Naira to change again August 24, 2012 by Ifeanyi Onuba, Udeme Ekwere and Okechukwu Nnodim The Central Bank of Nigeria on Thursday announced a comprehensive review of the structure of the nation’s currency that would lead to the introduction of a N5,000 bill as the highest naira denomination next year. The N5, N10 and N20 […]

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NAIRA HITS 18-DAY HIGH ON NNPC DOLLAR SALES

Filed in Bank & Finance by on January 23, 2012 0 Comments
NAIRA HITS 18-DAY HIGH ON NNPC DOLLAR SALES

Naira hits 18-day high on NNPC dollar sales January 23, 2012 by Ademola Alawiye with agency report The naira firmed against the United States dollar at the inter-bank market on Friday to its highest level in 18 days after the Nigerian National Petroleum Corporation sold about $550m to some lenders, providing support for the local […]

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NO SERVICE CHARGE ON POS TRANSACTIONS – CBN

Filed in Bank & Finance by on January 23, 2012 0 Comments
NO SERVICE CHARGE ON POS TRANSACTIONS – CBN

No service charge on PoS transactions – CBN January 23, 2012 by Ademola Alawiye The Central Bank of Nigeria has called on Nigerians to embrace Point of Sale terminals, since they will not say that customers incur charges for using them. In a statement on Friday, the CBN said the cost of such deals would […]

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