Banking news today….
Stakeholders See Banks, FinTechs Competition As Healthy
Faculty member, Lagos Business School (LBS), Dr. Olayinka David-West, while speaking at the 2018 Finance Correspondents Association of Nigeria (FICAN) Annual Workshop held in Lagos, said the banks and Fintechs competition for market share and provision of…
CBN, BPE agree on sale of 12.4bn FG’s shares in NSPM
The Central Bank of Nigeria (CBN) and the Bureau of Public Enterprises(BPE) have signed an agreement for the sale of the Federal Government’s 12.4 billion shares in Nigerian Security Printing and Minting company (NSPM) to CBN. The ceremony was chaired by the
Forex: CBN intervenes again with $210m
The Central Bank of Nigeria (CBN) has again intervened in the inter-bank Foreign Exchange Market to the tune of $210 million. According to the figures obtained from the CBN on Tuesday, September 18, 2018, the Bank offered $100million to authorized dealers
Other banking news today…
Women empowerment: The status quo must change – AfDB President tells FinDev Canada conference
No country can possibly move forward in the 21stcentury if it leaves half of its talent on the sidelines,” African Development Bank (AfDB) President, Akinwumi Adesina, told delegates at the launch of FinDev Canada, in Montreal, while making the Bank’s…
Surety lands in prison over ex-Diamond Bank staff’s escape
A 41-year old businessman, Macarthur Afamefuna has been arrested by the operatives of the Police Special Fraud Unit, PSFU in Ikoyi, Lagos for allegedly failing to produce a suspect, Emeka Jideofor, a former staff of Diamond Bank in Enugu State, Southeast…
Post-harvest losses: Gov. Ortom seeks World Bank’s support
Governor Samuel Ortom of Benue State has called on the World Bank and well-meaning organisations to partner with the state to arrest post-harvest losses. Governor Ortom, who also said that the perennial impasse between farmers and herdsmen as one of the…
2018 GTBank Fashion Weekend set to hold in November
From Saturday the 10th to Sunday the 11th of November, 2018, fashion enthusiasts all over the world will be treated to an unparalleled exposé of Africa’s finest in fashion at the 3rd edition of the GTBank Fashion Weekend. Holding in Lagos, one of Africa’s largest…
Revenue Board Seals 12 Banks In Ibadan
The Board of Internal Revenue on Monday sealed 12 banks in Ibadan, the Oyo State capital, over non-payment of Environmental Levy for about four years. The board officials stormed the affected banks located at Dugbe, Ring Road, Challenge, Jericho, Bodija…
Diamond Bank Introduces Scheme to Empower SMEs
Diamond Bank Plc has announced its launch of SMEZONE- a digital platform-based business community for small and medium-scale enterprises (SME) in the country. This is to enable them easily access relevant, network and be mentored with and by other…
Buhari, Osinbajo, Emefiele, Dangote, others extol Ovia as most gifted, innovative banker
EMINENT Nigerians, including President Muhammadu Buhari, Vice President Yemi Osinbajo and governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, yesterday, commended the founder and Chairman of Zenith Bank, Mr Jim Ovia, for his contributions..
Offa Bank Robbery: Court Summons Saraki to Stand Criminal Trial
As Senate President, Bukola Saraki intensifies his campaign to be Nigeria’s President Come 2019; the shadow of the Offa Bank Robbery still looms large on his political career. The case took a new turn Monday as the Senate President has been summoned by a…
Ambode Extols Jim Ovia’s Contributions To Accountancy, Banking Professions
Akinwunmi Ambode, Lagos State governor, on Monday highlighted the contributions of Jim Ovia, the Founder and Chairman of Zenith Bank, to the accountancy and banking professions. He also called on leading entrepreneurs in Africa to take time to expose…
BoI MD says $500m CEXIM financing facility will stimulate economic growth
The $500 million financing facility secured from the Export Import Bank of China (CEXIM) is another milestone in Federal Government’s drive to stimulate economic growth, investments and provide jobs for Nigerians. The Managing Director/Chief Executive…
