Apex bank woos importers to trade Chinese yuan
The Central Bank of Nigeria (CBN) is wooing local businesses importing goods from China to use the yuan instead of the U.S. dollar in its effort to support its naira currency and boost reserves. CBN officials yesterday held a town hall meeting with businesses in…
FBNQuest Expands Financial Resource Centre in Lagos Business School
In line with its commitment to support reputable educational establishments with strong business and finance faculties, FBNQuest Merchant Bank, the merchant banking and asset management subsidiary of FBN Holdings Plc has delivered a ‘Bloomberg Room…
AfDB Commences Strategic Framework On Prevention Of Illicit Financial Flows
The African Development Bank (AfDB) has commenced the implementation of its ‘Strategic Framework and Action Plan for the Prevention of Illicit Financial Flows’ in Africa, which was approved in April 2017. The first pillar of the strategy is anchored on…
Epayment: CBN imposes cyber security levy on charges
THE Central Bank of Nigeria (CBN) has imposed a cyber security levy of 0.005 percent on service charge collected by payment service providers, PSPs, on electronic payment transactions. Director Banking and Payment System Department, CBN….
Offa bank robbery: Court refuses bail for Kwara Gov’s Chief of Staff
The Federal High Court in Abuja on Thursday rejected the application for bail filed by Yusuf Abdulwahab, the Chief of Staff to Governor Abdulfatah Ahmed of Kwara State. Abdulawahab is, among other suspects, held in Police custody in Abuja in connection with
Zenith Bank Joins Commonwealth Council as Strategic Partner
Zenith Bank Plc, Nigeria’s largest bank by shareholders’ fund and customer deposits, was announced on Tuesday June 26, 2018 as a strategic partner of the Commonwealth Enterprise and Investment Council (CWEIC). Speaking on the…
Shippers’ Council Seeks Collaborations With NEXIM Bank
The executive secretary/CEO of the Nigerian Shippers’ Council, Barrister, Hassan Bello, paid a courtesy visit to NEXIM Bank on Tuesday June 25, 2018 to discuss and explore areas of collaboration and synergy between the two organisations. Bello and his team…
GBF, Citibank partner to enlighten entrepreneurs, youth on value creation
Growing Businesses Foundation, GBF ,Citibank and Ingressive & Rising have concluded arrangement to expose entrepreneurs and youths to build a supportive ecosystem for innovation.
CBN renews Skye Bank’s board mandate till 2020
Skye Bank Plc on Wednesday informed the Nigerian Stock Exchange, its shareholders and other stakeholders that the Central Bank of Nigeria had renewed the mandate of the bank’s Board of Directors for an additional two-year term till June 30, 2020. A statement..
Foundation hails World Bank over plans to empower 324, 000 women
A non-governmental organisation, Nation First Foundation, NFF, has hailed the World Bank for including 324, 000 women as part of beneficiaries in its approved seven intervention projects to support the Nigerian Government in tackling poverty….
Ecobank supports French Season of African Cultures launch
Ecobank is supporting the launch of the French Season of African Cultures 2020 in Lagos. The event was attended by President of France, Emmanuel Macron, who praised African culture and its creative industries. The event, entitled ‘A Celebration of African Culture’…
Voters’ Card: Sterling Bank declares day-off for staff
As part of its “Active Citizens Programme (ACP)”, Sterling Bank has announced a work-free day for all its employees across the country to enable them register and collect their Permanent Voters’ Cards (PVCs). In a statement, the lender said that beyond promoting