Banking & Finance

Diamond Bank to reward customers with N600m – DiamondXtra season 9

August 11, 2017 0

Diamond Bank Plc set aside N600million to reward its loyal customers in the DiamondXtra Season 9 bonanza DiamondXtra Season 9 bonanza will use extra ordinary

CBN- FinTech not Licensed, it won’t unseat Banks Traditional roles

August 8, 2017 0

The Central Bank of Nigeria (CBN) made it clear that Financial Technology (FinTech) companies will not depose the roles played by commercial banks in delivering

Naira Appreciates in NAFEX Parallel Market

August 3, 2017 0

Yesterday at the close of business, the Naira appreciated by N2 in the parallel market and in the Investors and Exporters (I&W) window. On Monday,

Ecobank Foundation has been impactful -Julie Essiam

August 3, 2017 0

 Ecobank Foundation in 1985 with a clear cut focus on exploring ways to meet societal challenges around health, education and financial inclusion. one of the

Why CBN can’t cut interest rate now – Emefiele

July 26, 2017 0

CBN Governor, Godwin Emefiele, has said the high inflation rate and rising operating costs in the banking sector are some of the major reasons for

How Sterling Bank promo produces 29 millionaires

July 26, 2017 0

The Sterling Bank Savers Reward Scheme, was mainly introduced to reward and encourage customers. The on-going Sterling Bank’s Savers Reward Scheme which was introduced to

Equities’ investors risk losing dividends over banks’ Eurobonds

July 10, 2017 0

The prevailing high domestic interest rate which has spurred banks’ increased appetite for external borrowings through Eurobonds has become a source of worry to capital

Euro, pound hold up as Asia equities squeeze out gains

July 3, 2017 0

The euro and pound held their gains against the dollar on Monday after signals from global central banks that they were prepared to tighten monetary

World’s First Automated Teller Machine Clocks 50 Years

June 28, 2017 0

The World first ATM marks its 50th birthday,  a technology which brought transformation in the way people obtained and used cash. According to the Metro

FG To Borrow N1.24tn via TBs in Q3– CBN

June 10, 2017 0

The Federal Government is planning to borrow N1.24tn in the third quarter via the issuance of Treasury bills by the Central Bank of Nigeria. A

Heritage Raises Support For Triton Group’s Oyo State Project

June 5, 2017 0

Heritage Bank Plc has declared fresh support for Triton Group, as it identifies with its subsidiary – Globus Resources Limited, to flag off the second

Nigeria Central Switch Records N64tr Electronic Deals

June 3, 2017 0

As the Nigeria Electronic Fraud Forum (NeFF) meets to review the 2015 Cybercrime Act, the Central Bank of Nigeria (CBN), the banker of last resort,

Barclays Sells Zimbabwe Bank To Malawi’s First Merchant

June 3, 2017 0

Barclays announced the sale of its Zimbabwe bank to Malawi-listed First Merchant Bank on Friday as the British lender continues its exit from Africa. In

Barclays Set To Sell $2 bln Stake In Africa Business

June 1, 2017 0

Barclays will sell shares worth 1.5 billion pounds ($1.94 billion) in Barclays Africa Group, the bank said on Wednesday, marking another stage in its exit

CBN Reveals How Banks Lost N2.19bn To Fraudsters in 2016

May 31, 2017 0

The Central Bank of Nigeria on Tuesday said that Deposit Money Banks in the country lost a total of N2.19bn to fraudsters in the 2016

South African Central Bank Holds Rates, No Cut In Prospect

May 26, 2017 0

South Africa’s central bank kept interest rates steady on Thursday, playing down prospects of cheaper borrowing costs as it weighed price pressures against expectations that

Nigeria To Earn $296,143 Dividend From Islamic Bank

May 22, 2017 0

The Federal Government is to receive $296,143 as dividend from the profit earned by the Islamic Development Bank for the 2016 financial period. The development

CBN Record N3.3 Billion Naira Interest From Bank’s Borrowing

May 22, 2017 0

For frequent borrowing from the Central Bank of Nigeria (CBN) by commercial banks, the regulator recorded N3.29 billion as interest income in February 2017. Although

Banks’ Total Assets Decline To N32 trillion

May 22, 2017 0

The nation’s Deposit Money Banks suffered a 0.53 per cent decline in value by the end of February this year, just as the industry’s assets

Deutsche Bank to have former executives pay for past misconduct -Chairman

May 18, 2017 0

Deutsche Bank expects former board members to pay substantial sums for their role in misconduct that threw Germany’s flagship lender into turmoil, supervisory board Chairman

Afreximbank To Invest Up To $500m in Gambia

May 16, 2017 0

The African Export Import Bank (Afreximbank) will invest up to $500 million in Gambia, its president said, an economic boost to the impoverished West African

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