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Business / Re: ➜ ➜ ➜Currency/E-currency Market Deals 2020 ➜ ➜ ➜ by Gglorious: 6:41am On May 17, 2022
If u need small $11.52 Gns PayPal fund reply with your contact so I can chat u up
Business / Re: EXCLUSIVE : How To Make Level 2 Seller On Fiverr In A Month As A Nigerian Seller by Gglorious: 6:34am On Apr 20, 2022
Verified transferwise account needed
Business / Re: Over Recharge by Gglorious: 9:07am On Apr 14, 2022
Ok

1 Like

Celebrities / Re: Omotola Jalade-Ekeinde Reacts To Her Daughter Meraiah's Bikini Photos by Gglorious: 6:49pm On Apr 11, 2022
Iamicekid:
Some of the comments above are just dumb, what was she suppose to wear to swim in a pool undecided

It's not about what she's wearing to swim, it's about posting it for the entire world to see. The internet never forget, use it wisely

12 Likes

Crime / Re: Soldiers Arrest Scores Of Kidnappers In Kaduna (video) by Gglorious: 7:19am On Apr 11, 2022
Hope they won't be released back into the society for another round of impunity
Travel / Re: Residents Loot Noodles From An Accident Scene In Omotosho, Ondo State (Video) by Gglorious: 7:18am On Apr 11, 2022
Hunger is real
Health / Re: Lifeless Body Of An Unidentified Boy Found In Maiduguri (photos) by Gglorious: 7:16am On Apr 11, 2022
Pray u can locate the parents can't s this looks like an Almajiri to me. Someone that could not been taken care of when he was alive, you think u will be able to locate the parents that abandoned him now that he's dead. Mat his soul rest in peace
Nairaland / General / Re: See The Snake Killed In My House Today by Gglorious: 7:12am On Apr 11, 2022
This is so long
Romance / Re: Man Proposes To His Girlfriend During Sunday Service In Abuja Church (Photos) by Gglorious: 7:09am On Apr 11, 2022
The new order of the day
Religion / Re: Worshippers Escape Death As Windstorm Destroys Church In Gombe State (Photos) by Gglorious: 7:08am On Apr 11, 2022
Poor infrastructure is been blamed as the enemy. That wild wind was experienced in several states not just Gombe alone.
Business / Ecobank Nigeria Unveils Business Banking App Omni Lite App by Gglorious: 7:04am On Apr 11, 2022
Ecobank Nigeria has launched an Application for Businesses. Known as Omni Lite App, it is targeted at enhancing the banking experience of its large pool of Commercial Banking customers. The Ecobank Omni Lite App is a highly secure, world-class and integrated electronic banking platform designed to help Clients manage their Business accounts online in a secure, flexible, efficient and convenient manner. It is a fully integrated multi-geography, multi-lingual and multi-currency online, web-based cash management platform. The App is being launched by the Ecobank Group across 33 countries in Africa where the Bank operates.

Speaking in Lagos, Executive Director, Commercial Banking, Ecobank Nigeria, Carol Oyedeji, said the new App is in line with Ecobank’s policy direction to meet and surpass customers’ expectations, noting that it will bring flexibility, safer and convenient banking to the users. She disclosed that it is available to existing Omni Lite users, urging them to download it from the Apple Store (IOS) or the Play Store (Android).

“With the new Omni Lite App, users can view their accounts and transactions in one place, make payments and pay bills with ease, set up multiple users with different access launch, make and manage loan payment, book time deposits and view exchange rates. This electronic portal also allows customers manage all their online business, banking transactions and information 24/7. With easier navigation and experience that is perfectly suited to smartphones, clients can enjoy features similar to the desktop version.” She stated

The Ecobank Omni Lite App enables faster processing of instructions with loading option or file import for mass payments. It also features a customizable environment with choice of language, time zone and comprehensive user-friendly navigation menu. It’s state-of-the-art architecture meets international safety standards and it is designed to enhance productivity and manage cash flow. These largely enhance the cash management capabilities of Businesses which include account services, payments, collections, liquidity management, detailed and customisable reports, amongst others.


Source:
https://www.vanguardngr.com/2020/08/ecobank-nigeria-unveils-business-banking-app-omni-lite-app/

Business / CBN Cuts Monetary Rate To 11.5% by Gglorious: 6:52am On Apr 11, 2022
THE Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) from 12.5 per cent to 11.5 per cent, an indication of a reduction in the cost of funds by 100 basis points.

The CBN Governor, Mr. Godwin Emefiele, disclosed this while presenting the decisions of the Monetary Policy Committee, MPC, after its two-day meeting in Abuja yesterday.

However, the Committee retained the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent, respectively.

Reasons
Explaining the reasons for the cut, Emefiele said: “After the consideration of the three policy options, members were of the opinion that the option to loose will complement the Bank’s commitment to sustain the trajectory of the economic recovery and reduce the negative impact of COVID-19.

“In addition, the liquidity injections are expected to stimulate credit expansion to the critically impacted sectors of the economy and offer impetus for output growth and economic recovery.”

On the rising inflation, Emefiele noted that so far, evidence has not linked the rising inflation to monetary factors but rather, evidence suggested non-monetary factors (structural factors) as the overwhelming reasons accounting for the inflationary pressure.

He said: “Accordingly, the implication is that traditional monetary policy instruments are not helpful in addressing the type of inflationary pressure we are currently confronted with.

“What is useful is the kind of supply side measures currently being implemented. MPC also expects that a downward adjustment in MPR may be necessary to further put pressure on our deposit money banks to lower cost of credit in aid of growth.”

Outlook
He added that the broad outlook for the global recovery remained uncertain, as the headwinds associated with the COVID-19 pandemic was persisting, especially as new indications of a second spike in the rate of infections, continued to dampen prospects of a near term recovery.

“The persisting volatility in global oil prices which is likely to continue beyond the end of 2020, as indicated by the deliveries in the oil futures market, signposts the likelihood of a disorderly global recovery,” Emefiele, added.

In the face of the global economic challenges, the CBN stressed the urgent need for a combination of broad-based monetary and fiscal policy measures to curb the rise in inflation and contraction in output growth.

“This will involve targeted investment by the fiscal authorities to resuscitate critical infrastructure to improve the ease of doing business across the country.”

He added: “In addition, the MPC believes the fiscal authorities can build on earlier efforts and articulate a clear strategy to attract private sector investment. The Bank will, however, continue to take relevant steps to ensure that the detrimental risk of inflation to the economy is contained.”


Source:
https://www.vanguardngr.com/2020/09/cbn-cuts-monetary-rate-to-11-5/

Food / Re: She Told You To Eat This Before She Would Agree To Marry You (Photos) by Gglorious: 4:39pm On Apr 10, 2022
Kriss216:
That means she will die single undecided
Lol
Crime / Re: White Lady Who Stabbed Her Nigerian Boyfriend To Death Is Seen At A Bar Chilling by Gglorious: 4:37pm On Apr 10, 2022
Race ass bitch

1 Like

Career / Re: Cooking For My Married Boss: Right Or Wrong by Gglorious: 4:22pm On Apr 10, 2022
Wrong
Crime / Re: Staff of Yinka Ayefele’s Fresh FM Radio Station Robbed During Live Broadcast by Gglorious: 4:22pm On Apr 10, 2022
Working at such early hours without security is dangerous
Crime / Re: NDLEA Intercepts parcels Of Cocaine, Drugged Beverage At Lagos, Enugu Airports by Gglorious: 1:36pm On Apr 10, 2022
NDLEA are doing a great job these days. Kudos

1 Like

Crime / Re: 12-year-old Girl Raped By Teacher Gives Birth In Kaduna by Gglorious: 7:38pm On Apr 08, 2022
saphiere:
see what an incontrollable sexual urge has caused. Being a mother at such tender age. Her dreams, education and all are shattered by an evil gender. What is more sadden is that she put to birth another rapist

Haba na. Stop tagging the innocent baby a rapist
Foreign Affairs / Re: Zimbabwean Man Survives Deadly Attack By 4 Crocodiles & Kills One Of Them (Pics) by Gglorious: 8:21am On Apr 01, 2022
Lucky dude. What God cannot do does not exist
Politics / Re: Buhari Calling Jonathan “Clueless” Over Insecurity In 2013 (Video) by Gglorious: 8:12am On Apr 01, 2022
Kettle calling pot black.
Politics / Re: 2023: Don’t Vote For Atiku, Saraki, Peter Obi - Obasanjo Tells Nigerians by Gglorious: 8:11am On Apr 01, 2022
Then who shall we vote for sir?
Foreign Affairs / Re: US Calls For ‘Strong African Response’ To Russian Aggression by Gglorious: 8:10am On Apr 01, 2022
How do u want an average African man to respond to such?

1 Like

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