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archiveAugust 2019

ECONOMYTOP STORY

CBN to disburse lower currencies to microfinance banks

The Central Bank of Nigeria (CBN) says it has released guidelines for the disbursement of lower denominations of the Naira through microfinance banks (MFBs) across the country. The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor, made this known in a statement in Abuja on Thursday. Okorafor said this development...
NEWSTOP STORY

Dana Air, Wema Bank in money laundering allegation

Dana Air, owner of Sri Sai Vandana Foundation, a Non-Governmental Organisation (NGO) and Wema Bank Nigeria risk prosecution over the airline’s inflight donation collected between 2014 and 2018 allegedly without following due process. Dana had started the foundation in 1995 and commenced the donation in partnership with the Sickle Cell...
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