45 Years After, Africa To Host World Bank/IMF Annual Meetings
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. This is coming exactly 45 years after
Access Bank Shareholders Approve Dividend, Applaud Premium Board Listing
Shareholders of Access Bank yesterday unanimously gave their support to the management of the bank in its quest to ensure that the bank attain the desired height and also approved a final dividend of 40 kobo per ordinary share of 50 kobo each.
Ekpeyong Upsets Aderemi in Zenith Bank Junior Tennis Masters
The Zenith Bank ‘Next Generation’ Junior Tennis Masters suffered four hours delay Wednesday due to rain that disrupted the first set of matches. However, Port Harcourt-based Rebecca Ekpeyong took full advantage of the interruption to reboot and staged…
Ecobank could pay dividend this year as first quarter earnings surge
Ecobank Transnational Inc., Africa’s most geographically diverse lender, could reward shareholders this year as the lender started the year with a double-digit growth in earnings while curtailing costs. Investors use the first quarter results of companies to..
Unity Bank Rewards Winners in the UniFiers Project
As part of its new focus on the youth segment and further to the launch of UNiFi product, its new youth focused digital banking initiative, Unity Bank Plc recently rewarded the creativity of three young persons. These recipients – referred to as Unifiers –
CBN To Raise Standards With Open Banking System
As the banking system moves to deliver quality services to consumers in the 21st century driven by new technological advancements, the Central Bank of Nigeria (CBN) has declared its interest in Open Banking System (OBS) which grants bank customers…
Diamond Bank, MCF to provide quality services in Nigeria
DIAMOND bank, in collaboration with Medical Credit Fund MCF, has again reiterated it 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…
Deutsche Bank cuts deeper to fight profit plunge
Germany’s biggest lender Deutsche Bank on Thursday reported a slump in profits in the first quarter, with new CEO Christian Sewing announcing deep cuts at its flagship corporate and investment banking division to tackle its woes…
FirstBank organises wealth management series for female Nollywood stakeholders
First Bank of Nigeria Limited in its drive to provide women across the country with an amazing opportunity for financial empowerment and sustainable economic growth is organising a Wealth Management Series for Women in Nigeria’s Entertainment Industry
500,000 agent banks to be established in rural areas
TThe Central Bank of Nigeria (CBN) is working with the Bankers’ Committee to establish 500,000 agent banks in parts of the country, especially in places with high rate of financial exclusion like the north east and northwest.
Why some Nigerians prefer to keep money at home instead of banks
Some Nigerians, especially those of the older generation still prefer keeping money at home rather than taking it to the bank. This archaic behavior sometimes is as a result of lack of confidence in the banking sector, lack of financial education, illiteracy etc…
Man, 55, impersonates late father, forges title documents to secure N40m bank loan
A 55-year-old man, Mukaila Kosebinu, who allegedly forged title documents of his late father and also impersonated him, on Thursday appeared before an Ikeja Chief Magistrates’ Court. He was also charged with using the documents to secure N40 million.
Ecobank Mobile App Becomes Official Bank Service Platform For Okpekpe Marathon
Pamodzi Sports Marketing, organiser of the acclaimed Okpekpe International Road Race, has named Ecobank Mobile App as the official Banking Service platform for the 2018 edition of the race slated for Saturday May 12 in Okpekpe, Edo State.
Central Bank issues tougher sanctions against money laundering
Money deposit banks, including their directors and other top functionaries, will henceforth face tougher sanctions by the Central Bank of Nigeria (CBN) under a new anti-money laundering and combating financing of terrorism initiatives…
Reps task CBN, NDIC on regulation of cryptocurrency
Members of the House of Representatives on Wednesday called on Central Bank of Nigeria (CBN( and Nigerian Deposit Insurance Commission (NDIC) to put in place a legal framework for the regulation of the blockchain technology. The resolution was passed…
Implementation of USSD framework begins June 1, says CBN
The Central Bank of Nigeria (CBN) on Thursday released the regulatory framework for Unstructured Supplementary Service Data (USSD) for the financial system. In a circular signed by Dipo Fatokun, director, banking and payments system department,…
CBN auctions N230bn Treasury bills via OMO
The Central Bank of Nigeria (CBN) on Thursday moped-up a total of N230 billion in treasury bills from the banking system via Open Market Operations (OMO). The breakdown of the OMO auction revealed that N190.00 billion was offered for 245 days…
Young Nigerian entrepreneur who made his fortune trading online Forex and Crude oil
There is no doubt that online Forex, stock and commodities trading which has a daily trading volume of over 5 Trillion Dollars and the highest most liquid tradable market in the world has become the major source of stable income for many globally. Nigeria is not left..
Music, Tourism Can Generate Forex and Contribute to GDP says AMBON
Association of Music Band Owners of Nigeria (AMBON) has predicted that a combination of Nigeria’s tourism and music potential if well harnessed have the capacity to earn multimillion-dollar foreign exchange and also contribute multi-billion…
Stanbic IBTC’s PAT spikes 44% in q1 2018
Stanbic IBTC Holdings Plc is on the path of starting the year with a boom as it recorded a spike of 44 percent in its profit after tax to N23.1 million in the first quarter of 2018 from N16.1 million in the same period of last year, according to its first quarter financial…