30 results
- 28 Jan 2013
Maku Rings ‘Tokunbo’ Ban to Protect Innoson Motors
Labaran Maku, minister of Information, has called for a ban on the importation of fairly used vehicles, commonly known as ‘Tokunbo’ into the country to protect indigenous car manufacturer plants.…
- 24 Aug 2020
Polaris Bank MD, Abiru, Retires
Mr. Tokunbo Abiru, Managing Director/Chief Executive Officer of Polaris Bank Limited, has announced his retirement from the service of Polaris Bank, effective August 31, 2020, having successfully…
- 29 Aug 2018
How and Why Obafemi Awolowo Coined the Term Naira
Chief Obafemi Awolowo coined the term Naira- Nigeria’s currency when he was the Federal Commissioner for Finance between 1967 and 1971, according to Tokunbo Awolowo, the daughter of the late age.…
- 29 Jan 2016
IIM-Africa Chair, DKIPPI Warn Against Data Privacy Abuse
Dr Oyedokun Oyewole, president and chairman Governing Council of the Institute of Information Management (IIM) Africa, and Tokunbo Smith, chairman Data & Knowledge Information Privacy Protection…
- 4 Sept 2019
Betacar Unwraps e-Commerce Platform for Automobiles
Betacar has launched an integrated e-commerce platform for automobiles to enable car buyers get any quality ‘Tokunbo’ car in Lagos. Promoters of the company said the aim of the platform, is to…
- 1 Jul 2017
Microfinance Banks Loans to MSMEs Hit N214Bn — CBN
Central Bank of Nigeria (CBN) on Friday said that total credit granted by Microfinance banks to Micro Small and Medium Enterprises (MSMEs) has hit N214.32 billion as at December 31, 2016. Mrs Tokunbo…
- 11 Mar 2016
Fuel Scarcity to Persist Till end of March – NUPENG
Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), on Friday said that the ongoing fuel scarcity in the country might linger till the end of March. Alhaji Tokunbo Korodo, South-West…
- 12 Feb 2016
CBN Says 57m Nigerians now Have Access to Financial Services
The Bankers Committee of the Central Bank of Nigeria (CBN) has said that 57 million Nigerians, which represent 66 per cent of the population, now have access to financial services. Mrs Tokunbo…
- 9 Apr 2016
CBN Approves 2 Super Agents to Distribute Banking Services
Mrs Tokunbo Martins, director, Banking Supervision Department of the Central Bank of Nigeria (CBN), says the bank has approved two super agents to distribute banking services at cheaper prices.…
- 6 Aug 2019
Polaris Bank Boss Urges Employees to Embrace Technology
Mr. Tokunbo Abiru, chief executive officer, Polaris Bank Limited, has charged the bank’s newly hired employees on the need to be professional in the discharge of their responsibilities as a key…
- 31 Aug 2016
CBN Reinstates Banks Banned from Forex Market
The Central Bank of Nigeria (CBN) has reinstated all the banks that were banned from the foreign exchange market, Mrs Tokunbo Martins, director, Banking Supervision, has said. She said this on…
- 30 Sept 2024
Nigeria's Used Vehicles Import Bill Drops 83% to N138.62bn
The import bills on used vehicles, popularly known as tokunbo, into Nigeria fell by 83 percent year-on-year, YoY, to N138.62 billion in the first half of the year (H1’24) from N819.15 billion in…
- 24 Sept 2023
Stamp Duty Is Revenue Stamp, Not Postage Stamp, LIRS Chief Clarifies
Mr Tokunbo Akande, Special Adviser to the Executive Chairman of the Lagos State Internal Revenue Service, LIRS, has clarified the misunderstanding about stamp duty as he maintained that it is a…
- 10 Aug 2015
CBN Orders Banks to Refund Withdrawal Charges
Central Bank of Nigeria (CBN) has ordered banks in the country to refund charges made on customers for daily cash withdrawal or deposits exceeding set limit in the 30 states that full cashless policy…
- 21 Jul 2014
BASA Unfavourable To Nigeria-ATSSSAN
The Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) has stressed the need for the establishment of a new national carrier in the country to curb losses in the aviation sector.…
- 27 May 2021
NCC Reiterates Commitment to Digital Empowerment for Young Women, Girls
The Nigerian Communications Commission (NCC) has reaffirmed its commitment to the promotion and empowerment of young women and girls in the use of Information and Communication Technology (ICT) in…
- 5 Feb 2016
NASME Elects Governing Council, Agboade Emerges President
The Nigerian Association of Small & Medium Enterprises (NASME), has elected 19 members into its Governing Council. The elections were organized at NASME’s 7th annual general meeting held in Lagos…
- 10 Feb 2014
CBN Bars Banks from Fresh Employment Without Approval
Central Bank of Nigeria (CBN) has barred banks and other financial institutions from recruiting new employees without first seeking and obtaining written approval from it. The development followed…
- 22 Jan 2014
Nigerian Banks Face Cash Crisis-CBN
A Capital Adequacy Ratio (CAR) audit of the 23 banks in the country by Central Bank of Nigeria (CBN) showed that some have “high level of liquidity crisis”, meaning that some have cash crisis.…
- 16 Jan 2013
Credit, Others Delay SGBN, Savannah Banks' Opening
Societe Generale Bank of Nigeria (SGBN) and Savannah Bank of Nigeria are yet to open shops because of their inability to meet the credit terms of the Central Bank of Nigeria (CBN). The Nation…
- 14 Aug 2013
Banks Agree on N105Bn Sinking Fund to Clean Up Banking Mess
Deposit Money Banks (DMBs) in the country have agreed to set aside some N105 billion for a sinking fund to cover the cost of cleaning up the system after the 2008-2009 banking sector crisis and…
- 24 Apr 2015
CBN Orders Lenders to Disclose Bad Debtors
Central Bank of Nigeria (CBN) has ordered banks to publish lists of individuals and companies with non-performing loans to curb a rise in bad debt as the industry stumbles amid low oil prices. The…
- 9 Apr 2015
CBN Barks, to Publish Names of Chronic Bank Debtors
Central Bank of Nigeria (CBN) said it would publish the names of chronic bank debtors and waxed worriedly about the growing amount of non-performing loans in the books of banks in the country. The…
- 18 Mar 2013
FG Bans Importation of Recharge Cards, Others
Federal government has banned the importation of a lot of materials which could be made of Nigeria or may lead to waste, in a bid to improve the country’s economy and to avoid being a dumping…
- 11 Jun 2015
N400Bn Bad Debt: Banks to Publish Names of Debtors by August 1
About N400 billion bad debt outstanding in the banking sector is causing panic in the industry and most of the debtors are individuals who have the capacity to pay but have refused to do so.…
- 15 Jun 2015
Carmudi Nigeria, Rosabon Offer Online Car Zero Collateral Loan
Carmudi.com.ng, Nigeria’s fastest growing online car classified and winner of the 2015 Beacon of ICT award “Automotive Portal of the Year” has partnered with leading Award-Winning financial firm,…
- 28 Mar 2012
Maltina Supports Cashless Policy with Promo
Maltina, Nigeria’s premium non-alcoholic beverage drink has reiterated its support towards Federal Government’s drive of a cashless society. According to Maltina, this has reflected in the…
- 2 Oct 2015
Banks to Freeze 32m Accounts without BVN from November 1
Banks’ customers have until October 31 to enroll for the Bank Verification Number (BVN) or risk having their accounts frozen from November 1, according to the Bankers’ Committee. The Bankers’…
- 13 Oct 2015
Spectranet Sponsors Golf Tourney, Forecasts Broadband Growth
As Nigeria marks its 55th Independence anniversary, leading broadband Internet Service Provider, Spectranet 4G LTE has sponsored this year’s edition of Ikeja Golf Club Independence tournament even as…
- 14 Dec 2009
Sale of PCs Drop at Computer Village
The sale of personal computer (PC ) Systems in Ikeja computer village dropped in volume at the beginning of December, when compared to last month, Nigeria CommunicationsWeek can now reveal. While…