Sterling Bank, firm partner to launch TB’s Investment App
A new frontier has opened for investors in the African finance sector with the launch of I-invest, a mobile application that allows users purchase Treasury Bills (T-Bills) directly from their smartphones. Developed by Parthian Partners, a pan African inter-brokerage services
Court Slams CBN Officials over Forensic Audit
Two top executives of the Central Bank of Nigeria (CBN) have been ordered by a Federal High Court in Abuja not to carry out their supervisory functions in a forensic audit involving a microfinance bank, over their alleged role in sidelining an executive order from
Africa needs to add value to products for rapid industrialisation- AfDB
Dr Akinwumi Adesina, President of the African Development Bank (AfDB) on Monday urged African countries to add value to their products in all sectors for rapid industrialisation of the continent. He made the call at a breakfast meeting for newsmen at
N8bn CBN currency scam: EFCC accuses defence of delaying trial
Adebisi Adeniyi, counsel to the anti-graft agency, EFCC, on Monday accused defence counsel, Olayinka Bolanle, of arm-twisting and disrespecting the court by deliberately being absent from defending his client in court..
UPDATE 1: Why CBN sacked e-Tranzact directors
The Central Bank of Nigeria (CBN) has asked the chief executive officer, Valentine Obi, and two executive directors, Sulivan Akala and Ike Eze of e-Transact an electronic payment platform, to resign, BusinessDay can reveal. The move also saw the immediate
CBN: how currency deal with China‘ll boost Nigeria’s economy
SOME OF THE GAINS OF THE DEAL Bigger export market to China Naira to appreciate against U.S. dollar Direct access to foreign exchange More Chinese investments in Nigeria More jobs as more factories are set up The Nigeria-China currency swap deal will not…
41 items still banned under Nigeria-China currency swap deal – CBN
The Central Bank of Nigeria (CBN) said the Nigeria-China currency swap deal would not cover the importation of the 41 items banned in its 2015 circular on items not valid for foreign exchange. CBN’s acting Director, Corporate Communications, Mr Isaac Okorafor,
EFInA Appoints Ex CBN Deputy Governor, Others As Directors
Enhancing Financial Innovation and Access (EFInA), a financial sector development organisation that focuses on promoting financial inclusion in Nigeria has announced its new board members and Chief Operations Officer. According to EFInA, a former Deputy.
Hacker arrested for defrauding Lagos dealer with fake bank alert
A 28-year-old suspected hacker has been arrested for defrauding a Lagos car dealer of N28 million Porsche car, using false bank alert. Parading the suspect on Monday, Lagos State Commissioner of Police, Edgal Imohimi, said that the suspect was also capable of.
African Development Bank ,UNIDO join forces to accelerate Africa’s industrialization
African Development Bank President Akinwumi Adesina has said that the Memorandum of Understanding (MoU) signed by the bank with the United Nations Industrial Development Organization (UNIDO), yesterday in Busan, Korea, will boost Africa’s industrialization….
Keystone Bank Pleased With Empowerment Programme At Okpekpe
Keystone Bank, one of the fastest growing full service commercial banks in Nigeria, has expressed satisfaction with the women empowerment programme it undertook at the first ever IAAF silver label road race in West Africa,the Okpekpe international 10km road…
Offa banks’ robberies: IGP special squad nabs 2 most wanted suspects
TWO of the most wanted gang leaders in connection with the recent multiple bank robberies in the ancient town of Offa, Kwara State have been arrested. This was contained in a statement made available to newsmen in Abuja on Monday by the Force Public…
Art X Lagos Partners Access Bank for Emerging Artists Prize
In a bid to recognise and support the best of emerging Nigerian visual art talent. Art X Lagos, West Africa’s foremost art fair, in conjunction with Access Bank, has established the ‘Art X Prize with Access’. The winner of the ART X Prize with…
Unity Bank, Milost controversy under investigation – SEC
The Securities and Exchange Commission (SEC) on Monday said it was still investigating the one billion dollars investment in Unity Bank Plc by Milost Global Incor. Efe Ebelo, SEC’s acting Head, Corporate Communications, confirmed this to the News Agency of Nigeria…
Investment banks line up rebound in revenues
Global investment banking revenue will recover from a fall of about 15 per cent in the first five months of the year, according to the head of capital markets origination at Citigroup. Tyler Dickson, who oversees debt and equity capital markets for one of the world’s top…
Customers transactions safe as CBN, CIBN move to fight banking fraud
Customers can now carry out their banking transactions without fear of losing money as the Central Bank of Nigeria (CBN) collaborates with the Chartered Institute of Bankers of Nigeria (CIBN) to fight against internet fraud and other crimes in the banking sector…
Big banks boost Brexit budgets
Big banks are increasing their budgets for dealing with Brexit, as they stick to a March 2019 deadline to transfer parts of their businesses from London despite the 21-month transition deal struck between the UK and EU earlier this year. Senior executives at three.
House C’ttee Queries NEXIM Bank over Arbitrary Lending Rates to MSMEs
We have to remain profitable, says MD By James Emejo in Abuja The Chairman, House of Representatives Committee on Banking and Currency, Hon. Chukwudi Jones Onyereri, has expressed displeasure over what he described as an abysmal high interest rates…
MPC to retain policy rates as N266bn inflow boosts interbank liquidity
FINANCIAL market analysts were, weekend, united in their projections about the outcome of the Central Bank of Nigeria’s 118th Monetary Policy Committee, MPC, meeting holding today and tomorrow. They argued that recent developments in the foreign exchange…