Karkitie is being tried alongside his company, Enegas Power Ltd, Dawodu Sheriff and Ogbemudia Benson.
He said that the visit was to ascertain banks compliance with the new directive by the CBN to sell foreign currencies to all customers over-the-counter whether the customer had an account or not.
Specifically, this campaign will last for three months and the bank will be rewarding any customer who refers other customers with the reward of N5,000 for every successfully opened new and funded account.
The Group’s Executive Director and newly appointed CEO for East and Southern Africa, Emeke E. Iweriebor, said this while addressing a press conference in Nairobi on Thursday.
The News Agency of Nigeria reports that the banks were sealed along with three other financial institutions on April 18, by the board over non remittance of Personal Income Tax/Assets and withholding tax to BIRS.
This is in recognition of the remarkable contribution the staff members have made to the bank’s business growth as highlighted by the impressive performance recorded in its recently released 2017 financial year end results.
Organised by Independent Newspapers Limited, the award was presented to Babalakin, through his representative and Head, Corporate Communications, BASL, Chief Steve Omolale, by former Ogun State governor, Chief Olusegun Osoba, at a colourful ceremony attended by the crème la crème of the society at Eko Hotel and Suites, Victoria Island, Lagos.
A monthly data obtained by the News Agency of Nigeria from the NSE showed that the turnover increased by 12.32 per cent when compared with 7.71 billion shares worth N77. 92 billion traded in 100,895 in June.
NAN also reports that the amount included transactions in over-the-counter market for foreign exchange comprising of Treasury Bills, bonds and money market derivatives, among others
The terminals will provide a secure and convenient payment option for its esteemed customers resident within these locations
Speaking on the launch, the Head of Corporate Communications, Ikeja Electric, Felix Ofulue, explained that the partnership with UBA affords Ikeja Electric the opportunity to bring efficient service delivery closer to the customers
The News Agency of Nigeria reports that market capitalisation lost N180 billion or 1.95 per cent to close at N9.075 trillion against N9.255 trillion recorded on Monday following massive losses by blue chip equities
NAN reports that this was against 83.83 million shares worth N711.12 million traded in 2,279 deals on Monday.
The Financial Service Sector remained the toast of investors as UBA emerged the most traded in volume terms, accounting for 39.91 million shares valued at N322.13 million
UBA and eight other banks had been suspended by the CBN from the foreign exchange market on Tuesday
The All-Share Index lost 16.26 points or 0.06 to close lower at 27,420.99 points compared with 27,437.25 posted on Wednesday
Also, the market capitalisation rose by N90 billion or 0.94 per cent to close at N9.687 trillion, compared with N9.597 trillion achieved on Tuesday.
NAN reports that the market growth was contrary to operators’ expectations that investors would react negatively to hike in the interest rate from 12 per cent to 14 per cent
Guaranty Trust Bank came second with N1.06 to close at N22.36, while Ecobank Transnational garnered N1.06 to close at N13.43 per share.
MasterCard and UBA are partnering across the 19 African countries in which UBA currently operates: Nigeria, Benin, Burkina Faso, Cameroon, Chad, Cote D’Ivoire, Democratic Republic of Congo, Equatorial Guinea, Ghana, Gabon, Guinea, Guinea-Bissau, Kenya, Liberia, Mozambique, Republic of Congo, Senegal, Sierra Leone, Tanzania, Uganda and Zambia
The Company said: “Fitch Ratings has downgraded First Bank of Nigeria Ltd’s (FBN) and United Bank for Africa’s (UBA) Long-Term Foreign Currency Issuer Default Ratings (IDRs) to ‘B’ from ‘B+’. The Outlooks are Stable. The agency has also downgraded the National Long-Term Rating of FBN Holdings Plc (FBNH), the parent holding company of FBN, to ‘BBB+(nga)’ from ‘A(nga)’
Forte Oil recorded the highest price to lead the laggards’ table, dropping by N19.68 to close at N205.32 per share
GT Bank followed UBA with 29. 81 million shares, valued at N466.20 million and Zenith Bank traded 29.71 million shares worth N339.54 million