First Bank creates new support framework for Nigeria private schools
First Bank of Nigeria has announced its FirstEdu educational solution designed to support schools to meet their medium and long-term goals for growth and improvement. Folake Ani-Mumuney, its Group Head, Marketing & Corporate Communications, said this in…
Travelex, CBN, EFCC partner on best practices for BDCs
As part of efforts towards ensuring transparency in the foreign exchange market, Travelex Nigeria Limited, a subsidiary of Travelex UK, in collaboration with the Central Bank of Nigeria (CBN) and the Economic & Financial Crimes Commission (EFCC) has concluded…
NPF Microfinance Bank takes stock at 25
Founded on the vision to be the clear leader in the provision of services, via the mission of creating value and wealth for its stakeholders through sustainable provision of micro finance products and service, the NPF Microfinance bank Plc, in celebrating its 25 years..
Ecobank MD Akinwuntan to deepen customer service
The new Managing Director and Regional Executive of Ecobank Nigeria, Patrick Akinwuntan, yesterday started his new role in the bank. The vastly experienced banking professional is passionate about bringing customer-friendly banking services to every…
Tier 1 banks’ H1 2018 assets hit N22.75trn
The total assets of Nigeria’s top tier banks increased to N22.75 trillion in the first half of 2018 from N22.35 trillion in the corresponding period of 2017, New Telegraph has learnt. Currently, Nigeria’s Tier 1 banks are Zenith Bank Plc, Access Bank Plc, United Bank for…
Nigerian banks not ready to fund mining sector- Minister
Minister of State, Federal Ministry of Mines and Steel Development, Alhaji Abubakar Bawa-Bwari, has stated that Nigerian Banks are not set to finance mineral exploration and exploitation projects in the Mining Sector. Bwari revealed this in Abuja yesterday, at the…
Unity Bank sells $1.1 bn bad loans to Frontier Capital
Unity Bank Plc says it has sold its $1.1 billion (N400 billion) of bad loans to Frontier Capital Alternative Asset, the advisory and investment arm of Frontier Capital Group. The lender’s non-performing loans ratio is now nearer to zero from almost 50 percent since…
Whatsapp Banking: All You Need To Know And Current Operating Banks
It’s not been up to a year the USSD banking system was introduced and now comes WhatsApp Banking. While the USSD banking system uses short dial codes; this system simply requires you add a specific number to your WhatsApp contact list and start…
Access Bank Lagos Marathon: No professional athletes for 10 km race
Organizer of the Access Bank Lagos City Marathon, Bukola Olopade, on Tuesday, advised professional athletes not to dream of winning any of the lucrative prizes for the 2019 Access Bank Lagos City Marathon race slated for February 2, 2019…
How 2019 uncertainty, others affected banks investment in August
Following slow growth in Gross Domestic Product (GDP) to 1.50 per cent in second quarter of 2018 as against 1.95 per cent recorded in the first quarter of 2018, and uncertainty surrounding the 2019 general elections , not less than 16 listed Banks’ shares on the Nigerian Stock Exchange
Nigeria Customs ranks low in World Bank efficiency report
THE World Bank has ranked Nigeria Customs Service, NCS, low in efficiency and other indices of operational standards. Nigeria ranked 110 out of the 167 countries surveyed making it among the lowest performing countries in the world as regards the efficiency…
Diamond Bank, Facebook to Train 28,000 on Online Marketing
As part of its contribution towards the growth of small and medium scale enterprises in Nigeria, Diamond Bank Plc in collaboration with Facebook has disclosed that is targeting to train about 28,000 entrepreneurs on the application of Facebook and its affiliates for…
Boko Haram: World Bank swells Berlin Conference with $600m
The World Bank has announced an additional $600 million (about N216 billion) for projects in the Lake Chad Basin region devastated by the Boko Haram terrorists. The Bank made the announcement at the Berlin Conference on Boko Haram crisis, which held on Monday..
Market Rebounds on Increased Buying Interest in Banking Stocks
The stock market rebounded yesterday as the Nigerian Stock Exchange All-Share Index (NSE ASI) rose 0.28 per cent to close at 34,933.68 after opening the month on a negative note the previous day. Similarly, market capitalisation added N36.1 billion to close at…
Police operatives nab four suspected bank robbers
Police operatives have arrested four suspected armed robbers while robbing Guaranty Trust Bank (GT Bank) at the Cattle Ranch in Obudu Local Government Area of Cross River State. The suspects, led by one James Udofia, a graduate of the Cross River University of
Relief for importers as CBN tames shipping lines
Following an annual revenue loss from the ports to foreign shipping lines, the Central Bank of Nigeria (CBN) has blocked all shipping agencies operating in the country from sourcing foreign exchange in the local market. BAYO AKOMOLAFE reports. In line with the
