Skye Bank recruits entry level staff nationwide
Skye Bank has announced plans to recruit fresh graduates into its employment at entry level. The recruitment exercise aims to create employment opportunities for young employees into the organization whilst positioning the bank for improved competition…
WMD 2018: CAMA, Access Bank propose accelerated investment to bring malaria to zero
Corporate Alliance on Malaria in Africa, CAMA in partnership with Access Bank Plc and other Corporate Society Organisations will tomorrow, April 26th, hold a Malaria Forum in Lagos tagged; “Accelerating Investment to Bring Malaria to Zero”…
Banks refund N654.49m excess charges to federation account
Nigeria Bureau of Statistics (NBS) said that banks have refunded N654.49 million excess charges deducted from government bank accounts related to the federation account. The Bureau disclosed this in its Federation Account Allocation Committee (FAAC) disbursement
Tier 2 banks brace for tougher business climate
With analysts predicting a tougher business environment for the industry in the coming years, especially in the wake of declining Treasury Bill yields, Tier 2 banks in the country are devising strategies to ensure they remain profitable,…
How Nigerian banks can expand financial inclusion using Mavrodi model
In late 2015, a financial tsunami disguised to the undiscerning as ‘God’s blessing’ hit Nigeria. Nigerians embraced in their millions the Mavrodi Melnikova Mavrodi (MMM) Global Scheme so called the Mavrodi Mundial Moneybox but more popularly known as MMM,
Dynamism of digital technology, major challenge to banks – Accenture
Strategy, consulting, digital, technology and operations services and solutions provider, Accenture, has challenged the banks in Nigeria to improve their knowledge of digital technology to keep up with the pace of global banking…
Former NEMA DG maintained 20 bank accounts, probe panel reveals
Former Director-General (DG) of National Emergency Management Agency (NEMA), Alhaji Mohammed Sani Sidi, allegedly maintained about 20 different accounts in various banks, as a public. This was part of the revelations at the ongoing public hearing by the House of…
Ikhazoboh: Ecobank to Resume Dividend Payment Soon
The Chairman of Ecobank Transnational Incorporated (ETI) Plc, , Mr. Emmanuel Ikazoboh yesterday assured shareholders that the company would begin dividend payment soon. The Chairman of company gave the assurance at the 30th annual general meeting (AGM).
Zenith Bank “Nextgen” Junior Tennis Masters starts with upsets
The inaugural Zenith Bank “Nextgen” Junior Tennis Masters witnessed a flurry of upsets as the round robin matches starting on a very high tempo. With the best eight players divided into two round robin groups for both boys and girls,…
World Bank’s N8.6b cash coming to 5,916 youths
The World Bank, through the FADAMA III Additional Financing (AFII) Programme, will soon disburse N8.6 billion to 5,916 youths across the country in the Graduate Unemployment Youths Support Scheme (FADAMA GUYS)…
FirstBank promotes card payment
In partnership with Visa International, First Bank of Nigeria Limited has announced that two lucky winners will emerge from its ongoing Visa Gold card issuance and usage promo. Each winner will be entitled to take a partner along…
FBNQuest Merchant Bank records N6.167bn profit
FBNQuest Merchant Bank, the investment banking and asset management group of FBN Holdings Plc, has declared a profit before tax (PBT) of ₦6.17 billion for the year ended 31st December 2017, representing a 25.7% increase from the previous year’s position.
World Bank Meetings: Tony Elumelu urges African Leaders to Prioritize Africa’s Youth
African philanthropist and entrepreneur Tony O. Elumelu has insisted that prioritizing Africa’s youth by fixing the policy and regulatory issues impeding their innovations would help attract foreign investors. Elumelu reiterated this during the annual spring meetings of …
Digital transformation of Service Economy can drive growth across Middle East and Africa says World Bank
Investment into digital transformation in the major Cities of the Middle East and North Africa region can unlock huge potential for the service economy to drive growth and job creation across the region, according to the World Bank. “The service industry including
Access Bank shareholders approve additional USD$500m debt issuance
SHAREHOLDERS of Access Bank Plc has given nods to the Directors of the Bank to increase the size of the existing one billion US dollars Debt Issuance Programme to $1.5 billion. At the Bank’s Annual General Meeting (AGM), on Wednesday, shareholders of the bank approved
Diamond Bank Partners MCF to Provide Quality and Affordable Medical Services in Nigeria.
Diamond bank, in collaboration with Medical Credit Fund (MCF), has again reiterated her drive to reduce medical tourism by educating and supporting Small and Medium Enterprises in the health sector to provide quality and affordable medical services in…
Banker launches report on millennial employees, tasks leaders on innovation
The Chartered Institute of Bankers of Nigeria (CIBN) auditorium in Lagos last week played host to Nigerians from all works of life as a banker, Nduneche Ezurike, an executive of a leading commercial bank, delivered the report of his research report titled:…
Morocco to host 2021 World Bank, IMF Annual Meeting
The 2021 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) will take place in Marrakech, Morocco, in October, following a vote by the Boards of Governors of the two institutions.
CBN sells $210m as naira closes at 363/dollar
The Central Bank of Nigeria has stepped into the inter-bank sector of the foreign exchange market, yet again, intervening in the wholesale segment and other sectors of the market to the tune of $210m.
CBN Seeks End to Naira Mutilation
The Central Bank of Nigeria (CBN) has said that it is working with market associations and other stakeholders to enhance the circulation of new naira notes. The move, according to the central bank, was part of efforts to ensure that the high incidence of dirty Naira notes.
CIBN, FITC partner for corporate governance workshop
As part of efforts toward ensuring the furtherance of ethical standards and practice of good corporate governance among practitioners of the banking and finance profession, the Chartered Institute of Bankers of Nigeria (CIBN)
Nigeria draws $70 million investment from AfDB and EIB
The private sector is poised to get a boost from the planned $70 million (N21.4 billion) investment from African Development Bank (AfDB) and European Investment Bank (EIB). Over the years, access to cheap capital has been a major pain for most business…
Nigeria, others losing $50bn annually to illicit financial flows – AfDB
Nigeria and other African countries are losing more than $50bn per annum to illicit financial flows, the African Development Bank has said. The Senior Director, Nigeria, AfDB, Ebrima Faal, said this at the opening of a workshop on…
Nigerian Govt, AfDB will collaborate to provide irrigation facilities in rural areas
The Agricultural Transformation Agenda Support Programme Phase 1 (ATASP-1) of the African Development Bank and the Federal Government will collaborate to provide irrigation facilities, farm inputs and feeder roads in rural areas.
Diamond Bank divests from UK subsidiary
Diamond bank Plc has divested its 100 percent holdings in its international subsidiary -Diamond Bank UK- to enable it focus on Nigeria. As a result, the bank has signed a Share Sale and Purchase Agreement with a member of GFG Alliance, for the disposal of its entire
Sterling Bank Increases Intermediation Role
Sterling Bank Plc did not only improve on its profits for the year ended December 31, 2017, it increased its loans and advances by 27per cent, writes Goddy Egene Most of the banks that released their results for the 2017 financial year, recorded a decline in loans…
Stanbic IBTC, CSL, eight others trade N555bn shares
Ten leading stockbroking firms in the Nigerian capital market ended the first quarter of year 2018 with an exchange of 43.233 billion shares worth N555.16 billion. Available statistics showed that the 10 stockbrokers were responsible for 63.12 per cent of…
UBA Group starts strong in 2018, grows profits to N26.6bn in Q1
United Bank for Africa Group (UBA) has released its unaudited first quarter results, showing significant growth across major income lines. Following a sterling performance in the 2017 financial year.