The facility is also to reduce the cost and delivery of petroleum products distribution to many parts of the country.
Finance experts say that the record loss would redefine the future operations of Kuda.
The musician has threatened to name and shame banks aiding fraudsters using his name to scam people.
The Bank of England is withdrawing its £20 and £50 old paper notes in place of new polymer design.
EFCC chairman Abdulrasheed Bawa says it is better for Nigeria to have fewer banks than having many lawless financial institutions.
Eighty per cent of bank and other financial institutions’ employees are casual workers, says the Association of Senior Staff of Banks, Insurance and Financial Institutions.
Aside disqualifying persons with body arts, married couples and Nigerians more than 30 years of age are not qualified to apply, according to the job advertisement.
Nigerian banks have missed out in the list of top ten banks in Africa, a new report revealed.
The CBN’s “Naira 4 Dollar scheme” is set to begin on March 8 and end in May.
Nigerian banks have been charging N50 as stamp duties on transactions above N1,000 across the country for several years.
