AfDB, African Institute of Mathematics and Science to transform industry-led research in Africa
The African Development Bank and the African Institute of Mathematics and Sciences (AIMS) have initiated a landmark relationship aimed at building an industry-led research institution in the league of the Massachusetts Institute of…
GTBank To Hold 2018 Food And Drink Fair
The third edition of the Guaranty Trust Bank Plc Food and Drink Fair expected to bring together small businesses in Nigeria’s food sector has been scheduled to hold between April 29-30 and May 1, 2018.. The fair, which is also expected
Diamond Bank targets 1m more customers with DreamVille
Diamond Bank Plc has disclosed that it is currently targeting additional one million customers in its database in the next one year through the introduction of its new digital financial platform, DreamVille.
World Bank reviews Nigeria’s economic growth downwards
THE World Bank has effected a massive cut in its projections for Nigeria’s economic growth rate for 2018 to 2.1 percent, down from 2.5 percent and 1.9 percent for 2019, down from 2.8 percent.
CBN: Consumer confidence drops to -6.4% in Q1 2018
Despite National Bureau of Statistics (NBS) data indicating a steady decline in the inflation rate during the period, the consumers’ overall confidence outlook worsened in the first quarter of 2018, the Central Bank of Nigeria (CBN) has said.
Zenith Bank/Ikoyi Club Inter-school Swimming Festival to Begin April 21
The third edition of the Zenith Bank/Ikoyi Club 1938 Inter-school Swimming Festival has been scheduled to begin on Saturday, April 21 in Lagos. Over 16 primary schools pupils and students from eight secondary schools are expected…
Kaduna govt regrets remarks on World Bank loan
The Deputy Governor of Kaduna State, Barnabas Bala Bantex, has apologised over comments he made regarding the rejection of the $350 million World Bank loan request by the state government.
Oyo, CBN collaborate on loan scheme for farmers at 5% interest
The Central Bank of Nigeria (CBN) has collaborated with the Oyo State Government to provide loans for farmers in the state at five percent interest rate through the CBN/OYSG Loan Scheme initiative to boost agricultural productivity…
Money market liquidity hits N500b as CBN mops up cash
Money market rates have responded to the financial system liquidity, which has remained above N500 billion, following mop-up by the Central Bank of Nigeria (CBN). As with other weeks, investors’ appetite for Open Market Operations…
Banks eye surge in earnings from foreign subsidiaries
As the tough operating environment in the country continues to impact their financial performance, Nigerian lenders with international banking authorisation are intensifying efforts to boost earnings from their foreign subsidiaries,…
CBN injects another $210 million into forex market
CENTRAL Bank of Nigeria (CBN) on Wednesday continued its intervention in the inter-bank sector of the Foreign Exchange market by injecting another $210million to meet the requests of customers.
Wema Bank introduces agent banking in Bauchi
Wema Bank Plc has introduced its agent banking service in Bauchi as it seeks to deepen its retail footprint across informal economic sectors of the country. Agent bank is a cost-effective medium employed by banks to provide…
NDIC, US agency strategise on resolution of bank failure
NIGERIA Deposit Insurance Corporation (NDIC) and the Office of Technical Assistance (OTA) of the United States Department of Treasury have commenced discussions on strategies for resolving bank failures in the country.
Going cashless: How customers can get free petrol with FirstBank verve card
First Bank of Nigeria Limited, in partnership with Verve International, has announced a promotion to reward its customers for using their FirstBank Verve card to purchase…
How we grew total assets to N1.1 trn- Sterling Bank CEO
Sterling Bank Plc, has reported an impressive result for the financial year ended December 31, 2017. The results released on the floor of the Nigerian…
Simple Guidelines To Safe Online Banking
If you notice any strange or unusual activity on your bank statement, notify your bank immediately. Cyberattacks on banks happen every day but not to worry, most banks are well protected against hackers.
Robbery scare forces banks to close abruptly in Osun
Banks in Ilesa, Ijebu Jesa and adjoining towns hurriedly closed for business on Wednesday morning following an alarm that there were some hoodlums trying to force their ways into one of the commercial banks in the town…
Offa Bank Robbery: Police arraign hotelier, staff for ‘withholding information’
The Nigerian Police Wednesday arraigned the owner and staff of an hotel before a magistrate court in Ilorin, Kwara State, for allegedly withholding information on suspects in the deadly April 5 bank robbery in Offa.
World Bank projects 3.1% economic growth for sub-Saharan Africa
The World Bank is making a projection of 3.1 percent economic growth in 2018, to average 3.6 percent in 2019-20 for sub-saharan Africa. The projection is contained in the latest release of Africa’s Pulse made available on Wednesday…
KPMG Business Survey Highlights Forex Risk in Nigeria
A survey of 94 executives of multinationals, large sized public and private companies across various industries that was conducted by KPMG Nigeria has ranked foreign exchange (forex) risk as the highest hurdle that might impact…
Reps summon Adeosun, CBN governor over collection of charges from IOCs
The House of Representatives Committee on Petroleum (Upstream) yesterday summoned the Minister of Finance, Mrs. Kemi Adeosun, and the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to appear before it to explain…
Wema Bank to issue first tranche of N50bn debt programme in May
Wema Bank plc will next month begin to issue the second tranche of the N50 billion programme, targeted at raising its Tier II capital, Ademola Adebise, deputy chief executive said on Wednesday. The bank is expected to officially..
Access Bank adopts GRI reporting standards
Access Bank Ghana has committed to issuing a sustainability report in line with the worldacclaimed Global Reporting Initiative (GRI) Sustainability Reporting Standards. In a statement, the lender said when the Standards’ principles are
Heritage Bank restates commitment to creative industry
Heritage Bank Plc has restated its commitment to the growth and development of the creative industry, its Managing Director/CEO Ifie Sekibo, has said. In a statement at the weekend, the bank said Heritage Bank was committed…
Unity Bank, Oando, Skye Bank lift stock market
The market capitalisation of listed equities on the Nigerian Stock Exchange rose by N93bn on Tuesday as 33 stocks led by Unity Bank Plc, Oando Plc and Skye Bank Plc recorded price appreciation. The NSE All-Share Index gained 0.63 per