EFCC Arrests Fidelity Bank Employee For Allegedly Stealing N137m
The Economic and Financial Crimes Commission, (EFCC), Ibadan zonal office, has arrested one Kehinde Olumide Agbabiaka, a sales agent of Fidelity Bank Plc. for allegedly stealing N137,000,000 million. His arrest was sequel to a petition jointly penned by … Leadership
Banks Intensify Drive to Meet 60% Loan-to-Deposit Target
With two weeks to the September 30 deadline given by the Central Bank of Nigeria (CBN) for commercial banks to maintain a minimum Loan-to-Deposit Ratio (LDR) of 60 per cent, the financial institutions have launched an aggressive deposit drive … This DayBuhari appoints Soludo, others as advisers, disbands Osinbajo’s team
President Muhammadu Buhari yesterday replaced the Economic Management Team (EMT) headed by Vice President Yemi Osinbajo with an Economic Advisory Council (EAC). The new EAC, which reports directly to the president, will be chaired by … Guardian
2020 Budget: FG Retains $55 Benchmark Despite Oil Price Spike
The federal government yesterday ruled out revising upward the $55 per barrel oil price benchmark adopted for the 2020 budget despite a spike in value of the commodity in the global market in the aftermath of Saturday’s drone attacks on Saudi Arabia … This Day
NFIU admits writing leaked letter seeking senators, judicial officers’ bank details
After several denials, Nigeria Financial Intelligence Unit (NFIU) finally admitted on Monday that the letter asking legislators and judicial officers to acquaint it of their bank account details indeed emanated from it. NFIU, however, attributed it … Nigerian Tribune
Afreximbank opens registration for 20th Trade Finance Seminar
The African Export-Import Bank (Afreximbank) has announced the opening of registration for its 20th Afreximbank Trade Finance Seminar and Workshop, which will take place in Durban, South Africa, from 4 to 7 November 2019. The seminar … Daily Sun
Heritage, NEXIM banks’ CEOs to speak at FICAN workshop
The managing directors of Heritage Bank Limited and Nigerian Export-Import Bank (NEXIM) Limited , Ifie Sekibo, and Abba Bello, have all confirmed their attendance at the forthcoming Finance Correspondents Association of Nigeria (FICAN) Annual … Daily Sun
How to make Banker’s Acceptance on trade finance successful
A Banker’s Acceptance (BA) is a draft drawn on and accepted by a bank, unconditionally ordering payment of a certain sum of money at a specified time in the future to the order of a designated party. Since the instrument is negotiable … Daily Sun
Polaris Bank conducts risk management training for business partners
Polaris Bank recently conducted a training program which focused on Risk Management practices for its business partners (service providers/vendors) that seek to scale and improve efficiency of these partners. The training program held in Lagos … Daily Sun
Ecobank staff rationalisation didn’t follow due process –Ex-employee
Mr Nurudeen Apena, was one of the recently disengaged core staff of Ecobank Nigeria. He spoke to Uche Nnamani on some of the issues that led to the mass sack and efforts to get the bank to pay balance of affected ex-employees severance package … Daily Sun
Unity Bank, Airtel Africa, others lead stock market’s N100b loss
Trading on the Nigerian Stock Exchange (NSE) reopened on a downturn yesterday, following losses suffered by most bluechip stocks, especially Unity Bank and Airtel Africa, as market capitalisation slumped by N100 billion … Guardian
What CBN should do with Buhari’s forex directive
AS the Central Bank of Nigeria, CBN, gets set to execute President Muhammadu Buhari’s directive on restriction of foreign exchange for importation of agro-food items, we draw attention to issues that should be of utmost importance in the collective … Vanguard
CBN to auction N179bn treasury bills
The Central Bank of Nigeria (CBN) will this week seek refinance N179 billion worth of maturing treasury bills (TBs) via primary auction of 91-day bills, 182-day and 364-day notes, according to financial analysts. This may be the next level of the … Daily Sun
Mortgage Warehouse Funding pre-finances N88.5m mortgages
MORTGAGE Warehouse Funding Limited, MWFL, under its N20 billion asset-backed Commercial Paper programme said it has pre-financed its first series of mortgages to Trustbond Mortgage Bank Plc … Vanguard
FBNQuest Trustees Marks 40th Anniversary
FBNQuest Trustees Limited, an FBN Holdings company on Friday, celebrated its 40th anniversary as a leading provider of world-class trust and estate planning services in Nigeria. The event themed “A Legacy that Preserves Legacies” … nporeport
Ex-CBN boss loses as tribunal upholds Makinde’s victory
The Oyo State governorship election petition tribunal sitting in Ibadan on Monday dismissed the petition of a governorship candidate of the All Progressives Congress (APC), Adebayo Adelabu, for lacking merit. Adelabu, a former deputy governor of … Daily Trust
Agric Innovation, Technology Critical To Poverty Reduction In Developing Countries – World Bank
Developing countries need to dramatically increase agricultural innovation and the use of technology by farmers, to eliminate poverty, meet the rising demand for food, and cope with the adverse effects of climate change, a new World Bank report … Daily Independent
EcobankPay hits N2bn transactions value, 100,000 Merchants onboard
Ecobank Nigeria has disclosed that over 100,000 merchants have been on-boarded on the EcobankPay platform with transaction value reaching N2billion. EcobankPay offers customers a multi-channel payment experience that includes Mobile … Business Hallmark
South Africa begs as exit of Nigerians hurts economy
South African President Cyril Ramaphosa yesterday apologised to Nigeria for the xenophobic attacks on its citizens. The apology was tendered to President Muhammadu Buhari in the State House, Abuja, by the two special envoys the South African … Guardian
‘Lack of incentives driving youths away from agriculture’
GOVERNMENT at all levels have been advised to invest hugely in agriculture in order attract youths. An Anambra industrialist, Chief Walter Chigbo, gave the advice in a chat with newsmen in Awgbu, Orumba North Local Government Area … The Nation
