Obaigbona Retires Honourably From CBN
Accolades from the top management and staff of the Central Bank of Nigeria (CBN) yesterday marked the colourful exit of one of the Directors, Mr. Emmanuel Obaigbona, from the bank after 35 years of...
View ArticleBanks Scramble For Fresh Capital
Rising non-performing loans and imminent fall in naira value have put banks in a precarious position and needing to raise fresh capital in a distressed economy, OYETUNJI ABIOYE writes Palpable fear has...
View ArticleFirst Bank Of Nigeria Named The Country’s ‘Most Valuable’ Banking Brand
For the sixth consecutive time, First Bank of Nigeria has been named the most valuable banking brand in Nigeria in The Top 500 Banking Brands of The Banker magazine of the Financial Times and Brand...
View ArticleNigeria Plans 142 BN Naira Treasury Bill Auction
Nigeria plans to raise about 142.43 billion naira ($453.60 million) in short-dated Treasury bills at an auction on Feb. 15, the central bank said on Tuesday. The bank said it would raise 32.43 billion...
View ArticleConsider This When Using Credit Cards Overseas
Using a credit card when you travel internationally is a wise choice, but there are also many important factors you must consider when using credit cards in foreign countries. Acceptance Some cards...
View ArticleNon-Performing Bank Loans Rise To 11.7 % – GT-Bank
The ratio of non-performing loans in the banking industry have doubled the threshold at 11.7 percent, the experts at the Guarantee Trust Bank (GTB) has said in their 2017 Economy Outlook. The...
View ArticleNaira Faces Additional Pressure
The Nigerian naira could be facing additional pressure as Federal Government prepares to announce its final decision on the 41 items the Central Bank of Nigeria (CBN) restricted from assessing foreign...
View ArticleFidelity Bank Targets Electronic Banking
Nigeria’s Fidelity Bank is targeting retail clients using low-cost electronic channels to boost profits after a recession in Africa’s biggest economy forced the mid-tier lender to slow loan growth, a...
View ArticleSenate summons bank MDs Over N50bn Tax Evasion
The Senate Committee on the Federal Capital Territory Administration (FCTA) has summoned the managing directors of commercial banks operating in the territory over their banks’ failure to remit taxes...
View ArticleCBN Explains Forex Shortage For Oil Marketers
Central Bank of Nigeria (CBN) Governor Godwin Emefiele yesterday offered an insight into why oil marketers and dealers in petroleum products have been facing difficulties in getting foreign exchange to...
View ArticleCBN: Nigeria Planning $50bn Funding for Domestic Biofuel Industry
The Central Bank of Nigeria (CBN) tuesday disclosed that the federal government would invest about $50 billion to the development of a domestic biofuel industry which would serve as an alternative...
View ArticleSkye Bank Promotes 300 Workers, Sacks 55
The management of Skye Bank Plc has announced the promotion of over 300 of its employees under the 2016 annual staff performance review exercise. The promotion, which cuts across several cadres up to...
View ArticleEcobank Backs Start- Ups With $500,000
Ecobank Transnational Incorporated has launched Ecobank Fintech Challenge, a competition for African technology start-ups to build and deploy innovative fintech and banking solutions across...
View ArticleStockbrokers Improved Operations With Cloud Technology
Stockbroking chiefs and major stakeholders in the capital market are confident that the adoption of a cloud-enabled operational technology by the Nigerian stockbroking industry will improve efficiency....
View ArticleBanks Set To Sign N25b Yearly Fund To Finance Agro-allied Product
Deposit Money Banks [DMBs] in the country yesterday announced that as part of their contribution to the Nigerian economy, it has concluded plans to float a N25 billion yearly Fund to finance export –...
View ArticleSpeculative Attack Weakens Naira The More
The Naira attained a new low of N506 against the United States dollar on the parallel market yesterday, compared with the N500 to a dollar it closed the previous day. The development was attributed to...
View ArticleSterling Bank Launches Care Initiative
As part of its enriching live proposition as well as in the spirit of Valentine, Sterling Bank has launched a campaign tagged #THINGSWEDOFORLOVE. The campaign, which is online and offline, the bank...
View ArticleFirstBank Restates Commitment to Sustainability Principles
FirstBank of Nigeria Limited has restated its commitment towards corporate responsibility and sustainability programme. The bank said in a statement that it had defined its approach to doing business...
View ArticleAccess Bank To Divest From Stanbic IBTC Pension Managers
Access Bank Plc is to divest from Stanbic IBTC Pension Managers Limited (SIPML) in compliance with the Central Bank of Nigeria (CBN)’s regulation on the Scope of Banks Activities and Ancillary Matters....
View ArticleBOI Unveil N2b MSME Matching Fund
The Bank of Industry (BOI) and Bayelsa State government have unveiled a N2 billion Micro Small and Medium Enterprise (MSME) matching development fund to support entrepreneurs in Bayelsa as part of...
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