The Managing Director and Chief Executive Officer of Guaranty Trust Bank Plc, Mr. Segun Agbaje, has said that many banks are bound to fail in the present digital age. He however, noted that banks that would survive would be the ones that reinvent themselves and…
The World Bank has stated that fiscal deficits in Nigeria will likely widen further in 2018 due to increased pre-election spending and sustained revenue shortfalls. It also noted that Nigeria’s 2018 budget implementation was expected to be assertive as the federal…
MANAGING Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON) Ahmed Lawan Kuru has reiterated the need for the government and institutions at all levels to pay more attention to human capital development, which he described as…
Guaranty Trust Bank plc has announced the launch of Habari, Nigeria’s largest platform for music, shopping, lifestyle content and more. The platform which was unveiled on Friday, November 23, 2018 at a special event attended by renowned personalities in the…
As trading activities in the Fixed Income and Currency (FIC) market wind down in 2018, not less than a whopping N145.68 trillion has been traded in Foreign exchange (FX), Treasury bills (T. bills), FGN Bonds, among other translations, findings by The Daily Times
The Association of Bureaux De Change Operators of Nigeria (ABCON) has said its ongoing strategic partnership between the Central Bank of Nigeria (CBN) has kept the naira stable at both the official and parallel markets despite huge campaign spendings by political…
Following the retention of the Central Bank of Nigeria’s (CBN’s) base interest rate by the Monetary Policy Committee (MPC) since July 2016, Treasury Bills have become the toast of investors, with the attendant buying pressures, Sunday INDEPENDENT investigations have
THERE are expectations of a reduction in interbank rates as Treasury Bills (T-bills) worth N594.36 billion mature this week. Available data show that these maturities via the primary and secondary markets will more than offset…
The Chartered Institute of Bankers of Nigeria about five months ago inaugurated Dr. Uche Messiah Olowu, as its President and Chairman. In this interview, he warns that any bank director involved in any form of wrongdoing will face a tribunal that had been set up by…
Oil marketers have started re-negotiating with banks over the terms of the facilities they took from the lenders. This followed moves by lenders to take over the assets they used as collaterals for obtaining the facilities to import fuel, it was learnt at the weekend….
African Export-Import Bank’s (Afreximbank) has recorded a gross income of $546.6 million for the nine months unaudited financial statement for the year ended 30 September, 2018. The figure according to a statement, indicates 14.3 per cent increase…
Jaiz Bank Plc, the first non-interest bank in Nigeria, plans to deepen financial inclusion at 39th Kano International Trade Fair with its bespoke products and services. The bank promised to delight visitors as well as existing customers with value adding products such
As rumours swirl of Access bank making another strategic move, financial analysts are betting on heavy odds that the enterprising lender is set to soar to the top cadre of the industry. This appears to be a justified expectation going by the bank’s strong third…
Conveying the ‘dead’ (read assault rifles) in a casket, the ambulance made its way into the serene and empty streets of Ijero-Ekiti on a Monday evening. Destination was the Divisional Police Headquarters in the heart of the agrarian community...
The European Investment Bank has signed a new fifteen year EUR 200 million loan agreement with the African Export-Import Bank (Afreximbank), aimed at supporting trade-related productive investments, including in renewable energy projects, in Africa…
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First Bank Basketball Club defeated Vita Club of Congo 93-69 to win the bronze at the FIBA Africa Champions Cup for Women which ended yesterday in Maputo, Mozambique. The Nigerian Champions played better than in their semi final loss to host, Ferroviario and…
Union Bank has received the ‘Marketing Campaign of the Year’ and ‘Innovative Financial Brand of the Year’ awards at the 2018MarketingWorld awards. The awards were officially presented at a ceremony that held recently at the Movenpick Ambassador Hotel in Accra,…
The MD/CEO of Heritage Bank Plc, Ifie Sekibo has emphasised the importance for human capacity development amongst staff of financial institutions for improved operations. Sekibo, who stated this at a 3-day yearly Internal Control and Audit Conference organised
An update of selected interest rates from January through to August indicates that declining loan books of banks are pointers that there is no competition among banks. The report by FBN Quest disclosed that of the four rates monitored by the Central Bank of…
