Banking & Finance

CBN Governor, Emefiele Wins Forbes ‘Best Of Africa’ Award

October 14, 2017 0

The Governor of Central Bank of Nigeria(CBN) Godwin Emefiele has been acknowledged as the 2017 Forbes Best of Africa Innovative Banking Award by leading business and

CBN fuels $195m into interbank forex market

October 10, 2017 0

The Central Bank of Nigeria pushed a total of $195m into the interbank foreign exchange market on Monday. The CBN on Tuesday, last week, intervened

Buhari Appoints Mrs. Aisha Ahmad As New CBN Deputy Governor

October 6, 2017 0

President Muhammadu Buhari has reportedly appointed Mrs. Aisha Ahmad as the deputy governor of the Central Bank Of Nigeria. According to a statement signed by

CBN denies EFCC Arrest claim

October 6, 2017 0

The Central Bank of Nigeria (CBN) denies reports that its officials were arrested by the Economic and Financial Crimes Commission Following the reports that the

CBN recovers N50bn excess charges from banks

October 5, 2017 0

Apex financial institution has recovered over N50 billion from banks in excess charges. The Acting Director of Corporate Communications at the Central Bank of Nigeria

Daily Transaction and Balance Limits REVIEWED – CBN

September 14, 2017 0

The Central Bank of Nigeria (CBN) has reviewed daily mobile money wallet transaction and balance limit. CBN likewise look into the Bank Verification Number (BVN)

CBN unveils e-certificate of capital importation

September 12, 2017 0

The Central Bank of Nigeria (CBN) has unveiled the Electronic Certificate of Capital Importation (eCCI) platform in a bid to enhance foreign investment inflows to

Court Verdict: Stanbic IBTC to pay the sum of N50b to customer

September 6, 2017 0

Stanbic bank have been ordered by Justice Candide-johnson to pay its Customer the sum of Fifty-Billion-Naira as general damages. Verdict was passed at the Lagos

USSD code for mobile banking service

September 5, 2017 0

The introduction of The Unstructured Supplementary Service Data (USSD) banking service across banks in Nigeria has made banking transactions seamless. This is a type of

UBA Ban the Use of ATM Cards for Betting, Jewelry Purchase and Pornography

August 25, 2017 0

The United Bank for Africa (UBA) has placed a restriction on the use of ATM cards for betting, jewelry purchase, pornography and other payments. UBA

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

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