Access Bank lost its net profit margin from 19.3 percent at half year in 2021 to 15 percent in the same period in 2022. Unlike last year when the bank generated 55 percent of full year profit in the second half, the second half isn’t that promising on profit this year on account of rising…
Secondary School In Nigeria To Accept Cryptocurrency Payments. Truetells Nigeria reports that the New Oxford Science Academy, a private secondary school in Kano State, Nigeria, has announced it will be accepting cryptocurrency as a means of payments for school fees despite the Central Bank of Nigeria (CBN) banning financial institutions from providing cryptocurrency-related services. According…
Access Bank letter that cushions civil society fears that Governor Godwin Emefiele did not follow extant regulatory procedures before ordering indiscriminate freezing of bank accounts linked to champions of Nigeria’s historic #EndSARS campaign. Court documents first published by the Gazette showed the Central Bank governor obtained a one-sided order to freeze accounts linked to #EndSARS…
Godwin Emefiele, Governor of Central Bank of Nigeria, has come under attack for filing a suit seeking to freeze the accounts of 19 EndSARS protests. TruetellsNigeria reported that the request filed by the CBN on October 20 was granted by Justice Ahmed Mohammed of a Federal High Court in Abuja. The court order directed all…
