As Nigeria moves close to the 2020 deadline for its 80 per cent financial inclusion target, First Bank Nigeria Limited, has said it plans to boost the efforts of the government by increasing the number of its agents from above 10,000 which it currently is to 20,000…
Foremost African financial institution, Guaranty Trust Bank Plc has won the award for “Bank of the Year Nigeria” for the second year in a row at The Banker’s Bank of the Year Awards, regarded as the industry standard for excellence within the global…
With the business environment growing leaner, financial institutions such as FBN Holdings (FBNH) have started to re-strategize to turn tight economic corners. The Holdco has embarked on new initiatives to push down costs and beef up earnings. Indeed,…
With the value of the naira down to N368 to the dollar at the Bureau de Change end of the foreign exchange market and N373 on the streets, the Central Bank of Nigeria (CBN) has said it will be pumping more dollars into the market to stabilize the naira. Naira which…
The Central Bank of Nigeria (CBN) has disclosed that banks which bring proposals for funding of new projects or expansion of existing ones in agriculture and manufacturing sectors will be refunded the percentage of totaldeposits kept as reserve cash with the…
Banking sector report released by the National Bureau of Statistics (NBS) revealed that the banking sector credit to the private sector between January and September this year stood at N46.53 trillion. A breakdown of the bank loans of N45.58 trillion, indicated that credit to
The African Export-Import Bank (Afreximbank) has signed a memorandum of understanding (MoU) with Russian Railways and the Russian Export Center (REC), agreeing to cooperate in implementing export and investment projects in the railway…
Managing Director/Chief Executive, Sterling Bank Plc, Abubakar Suleiman has called on members of the Committee on E-Business Industry Heads (CeBIH) to deploy digital competencies used in developing Nigeria’s payment system to solve other socio-economic..
Nigeria’s power and energy, mining and quarrying and education sectors seem to be the least attractive to the country’s commercial banks as they got the smallest portion of loans in the 3rd quarter of 2018, a report by the National Bureau of Statistics (NBS) has shown….
The Basel Committee on Banking Supervision recently met with the International Conference of Banking Supervisors (ICBS) to discuss challenges ahead for global bank supervision and regulation. In a statement, the committee said it reached a number of key
Irish Ambassador to Nigeria, Sean Hoy, has said that Irish companies are planning to partner with Coronation Merchant Bank, and other Nigerian companies in the areas of cyber security and Information and Communications Technology (ICT) development…
The Society for Corporate Governance Nigeria (SCGN) has inducted the Chairman of Board of Directors, Polaris Bank Limited, Mr. Muhammad Ahmad, as a honorary Fellow of the Society. Ahmad was conferred with the fellowship award at the 2018 President’s…
Fidelity Bank Plc has presented the first set of winners of its Get Alert in Millions (GAIM) season three promo. At the first presentation of the promo, 13 customers went home with cash prizes of N1 million and N2 million respectively, while 18 others went home with…
Managing Director of Ecobank Nigeria, Mr. Patrick Akinwuntan has announced that the bank has upgraded its core banking application being part of the bank’s commitment to ensuring customers receive the best service possible. He said: “Our upgraded system has…
