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First Bank To Grow Bank Agents To 20,000, GTBank Wins Bank Of The Year Again And Other Banking News

First Bank To Grow Bank Agents To 20,000, GTBank Wins Bank Of The Year Again And Other Banking News
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First Bank To Grow Agents To 20,000

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…

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GTBank maintains leading position as Best Bank in Nigeria

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…

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FBNH projects strong year end result

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,…

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CBN Commences Special Intervention As Falling Oil Price Impact Naira

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…

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CBN to refund banks cash reserves to boost real sector credit growth

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…

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Fitch revises outlook on FBN Holdings to positive, affirms at B-
Fitch Ratings has revised the Outlook on the Long-Term Issuer Default Ratings (IDR) of FBN Holdings Plc (FBNH) and its primary operating company, First Bank of Nigeria (FBN) to Positive from Negative and affirmed the IDRs at ‘B-‘. Fitch has also upgraded the…
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Banks’ credit to private sector drops to N46.53trn in nine months —NBS

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

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Afreximbank partners Russian Railways for rail devt in Africa

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…

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Deploy digital competencies to solve socioeconomic problems-Sterling Bank boss charges CeBIH

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..

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Education, Power, Mining sectors least attractive for bank lending

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….

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Basel C’ttee discusses global bank supervision, regulation challenges

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

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Coronation Merchant Bank, Irish firms to deepen tech investments

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…

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Polaris Bank Chairman Now Corporate Governance Fellow

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…

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Fidelity Bank To Reward More Customers

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…

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Ecobank Assures Customers Of Improved Services, Banking Application Upgrade

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…

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FCMB Group Grows Q3 Net Profit By 119.9% To N12bn
FCMB Group Plc recorded considerable growths in the top-line and profitability in the third quarter as the financial services group grew net profit by 119.9 per cent to N12.026 billion in nine months. Key extracts of the nine-month report for the period ended…
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Bad Loans Hits N2.3trn, Rises Further; FG’s SIP Gets $500m World Bank Boost And Other Banking News

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Banking News

CBN gives reasons for adopting unconventional monetary policy and other banking news

by Nigerianbanker
December 9, 2019
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CBN gives reason for adopting unconventional monetary policy THE Central Bank of Nigeria (CBN), has revealed that the adoption of...

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FirstBank sponsored 2019 National Company of The Year Competition winner, to contest in Africa competition

December 7, 2019
Nigerian Stock Market loast N71bn WoW

Nigerian Stock Market lost N71bn, Banking Index declined by 1.16% WoW.

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AfCFTA we wont allow our economy to be undermined

We won’t allow smuggling, predatory economic practices to …- Adebayo

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BVN should be adequate for micro credits

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Nigerian Banks on Social Media

Nigerian Banks on Social Media – How popular is yours as at Dec. 2019

December 5, 2019

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Nigerian Banker | Expanding your knowledge about Banking and the Economy

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