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Tag Archives: 000

Zenith Bank reaffirm  Zero Balance (N0.00,) as opposed to its initial N50, 000 – N250, 000.

 Zenith Bank Plc, the largest bank in Nigeria by tier-1 capital, has re-affirmed its commitment to accord its growing retail business the same attention and focus that has enabled it to become the leading corporate bank player in the country. This is in line with the Bank’s strategic focus of extending its exceptional service offerings to everyone, hence encouraging the drive ...

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wheelbarrow pusher,wife sold day-old baby for N250, 000

A couple who sold their day-old baby to a suspected human trafficker has been nabbed by operatives of the Inspector General of Police Monitoring Team in Rivers State. They sold the baby to settle debt and relocate from the village to the city. The couple, according to the Commander in charge of the IGP Monitoring Team in the state, Benneth ...

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Labour suspends strike, New minimum wage between N24,000 & N30,000.

Labour has  called off its proposed nationwide strike which was slated for today,November 6th. The labour unions had planned to embark on an indefinite strike on Tuesday to press home their demands for an upward review of the minimum wage from N18, 000 to N30, 000. the decision to suspend the industrial action was taken after agreements were reached and documents ...

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From June 1 CBN pegs phone transfer at N100,000 per day

The Central Bank of Nigeria (CBN) yesterday pegged maximum daily transactions through mobile phone- Unstructured Supplementary Service Data (USSD)— at N100,000. The implementation of the policy starts June 1. Due to absence of set rules on USSD transactions, many commercial banks allow various limits, ranging from N100,000 to N500,000 and above in some cases, depending on customers’ risk absorption levels. ...

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Hospital detains twins mother after baby’s death over N75,000

A housewife, Amarachi Lemchi, who was delivered of twins at a private hospital, Obioma Hospital and Maternity Centre in Aboh Mbaise, Imo State, has been detained by the hospital management. We learnt she owes the hospital N75,600, after paying N20,000 of the N95,600 bill charged by the hospital. Amarachi and her husband, Azubuike, who are both indigenes of Imo State, ...

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FIFA fines Nigeria N11m for invading pitch, ahead of Nigeria vs Zambia

FIFA has fined Nigeria $31,000 for crowd disorder during last month’s World Cup qualifier against Cameroon in Uyo, which the Super Eagles  won 4-0. FIFA has fined Nigeria 30,000 Swiss Francs (N11,049,557), after fans invaded the pitch during a 2018 World Cup qualifier. The game in question, is the 4-0 win over Cameroon at the Godswill Akpabio stadium in Uyo, ...

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NairaBet agent commits suicide over N600,000

An agent of NairaBet, a sports betting platform, was found dangling from a rope in an uncompleted shop at Ajala bus stop, on the Lagos-Abeokuta Expressway .He allegedly ended his life over his inability to pay a customer who allegedly won a N600,000 .It happened around Obadeyi Ajala  in Lagos The incident was said to have drawn a crowd to the area ...

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500,000 Employed School Teachers Will Be paid N23,000 as monthly salary

Beneficiaries of the  500,000 direct teacher jobs scheme under the N-Power programme will have a take home monthly salary of 23,000 naira. Applications into the scheme is billed to start on june 12 through the online portal  “Beside their monthly take home pay estimated at about N23,000, the selected 500,000 graduates will also get computer devices that will contain ...

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GTBank redeems $500,000,000 Eurobond


Guaranty Trust Bank plc on Thursday announced the redemption of the outstanding portion of the $500,000,000.00 Eurobond Notes due May 19, 2016. In February 2016, the bank successfully issued a Cash Tender Offer to repurchase any and all the outstanding $500 million 7.5% Eurobond Notes due May 2016 as part of its effective liability management strategy. The tender was the ...

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