Access bank in furtherance of its corporate social responsibility and in partnership with Hacey health Initiative ,Stars Foundation Girl Award and EMpower on Wednesday launched a single purpose platform called Salvus. The innovation is developed to tackle the increasing menace of sexual violence in the society.
Alleged libel: Court awards N50b damages against bank.
A Lagos High Court in Ikeja has ordered Stanbic-IBTC Bank Plc and CRC Credit Bureau Ltd to pay a stockbroking firm, Longterm Global Capital Ltd, N50billion as damages for alleged libel. Justice Babajide Candide-Johnson made the order after upholding Longterm Global Capital’s claim that first and second defendants Stanbic-IBTC and CRC Credit Bureau published a false allegation that the firm owed the bank N543, 030.843 which had yielded an interest of N213, 537, 753 as at October 31, 2012.
Senate To Expose Banks Used For MMM Fraud
All commercial banks in the country used by operatives of the now collapsed ponzi scheme popularly known as MMM (Mavrodi Mondial Movement), will soon be exposed and made to face appropriate sanctions. The disclosure was made on Thursday by Senator Foster Ogola, vice chairman, Senate Committee on ICT and Cybercrime.
Afreximbank Offers $300 million to Private Investors in Equity
The African Export-Import Bank (Afreximbank) is offering up to $300 million in depositary receipts to private investors to boost capital for lending to industries on the continent, a top executive of the bank said on Thursday, The depositary receipts offer investors the same rights as normal shareholders, but issuing them does not come with the same regulatory requirements as issuance of normal shares.
Central Bank injects $250m to boost Naira
The Central Bank of Nigeria (CBN) has given the Naira further lift against other major currencies with its injection of another $250m into various segments of the inter-bank Foreign Exchange market in September 2017.
CBN issues exposure draft framework on USSD for banks
The Central Bank of Nigeria (CBN) on Thursday issued exposure draft of regulatory framework for Unstructured Supplementary Service Data (USSD) for the financial system. This is in furtherance of its mandate for the development of the electronic payments system in Nigeria.
Terra Kulture, Victoria Island, Lagos was buzzing with creative energy on Friday 8th of September 2017 as photographers from every echelon of the industry descended on Nigeria’s hub for all things artsy in what was the largest gathering of photographers yet recorded.
Zenith, Fidelity, 5 Other Banks Grant N4trn Loan To South West states
Despite the nation’s macro economy headwinds, loan exposure of seven commercial banks to the South Western states increased by 19.7 per cent in 2016, LEADERSHIP can exclusive report. The banks are Zenith Bank Plc, Unity Bank Plc, Sterling Bank Plc, Fidelity Bank Plc, Diamond bank Plc, Stanbic Holdings Plc and others
Fidelity Bank, is touching lives and impacting positively on communities, pan-Nigeria, with its Fidelity Helping Hands Project (FHHP); an initiative that enables the bank and its staff to carry out Corporate Social Responsibility (CSR) interventions. Last week it was the turn of a community in North Eastern part of the country
Diamond Bank GMD Headlines 2017 ADVAN Marketers Day
The Group Managing Director of Diamond Bank Plc, Mr. Uzoma Dozie, has been confirmed as the keynote speaker at the 2017 Advertisers Association of Nigeria (ADVAN) Marketers Day. He will be speaking on the theme ‘Marketing Next’. The event which usually coincides with the association’s Annual General Meeting is scheduled to hold next week
NSIRS seal up Diamond bank, FCMB in Nasarawa
THE Nasarawa state Internal Revenue Service (NSIRS) has sealed up all branches of Diamond Bank and First City Monument Bank (FCMB) over the banks refusal to grant the service access to its cyberspace for tax
STERLING Bank Plc has completed the training of 70 kids on coding language at its 2017 summer code campin Lagos in furtherance of its commitment to strengthening early childhood education practice in the country. organised in collaboration with Audax Code School.
CBN, Sterling Bank to disburse N5.5bn NIRSAL loan to 22,000 farmers in Kebbi
STERLING Bank Plc in partnership with the Central Bank of Nigeria (CBN) will disburse N5.5 billion to 22,000 farmers in Kebbi State under the Anchor Borrowers programme aimed at increasing the cultivation of rice in Nigeria. The loan is anchored under Nigeria Incentive-base Risk Sharing System for Agriculture Lending (NIRSAL).
Access Bank Lagos marathon inches near global status
The Access Bank Lagos City Marathon began it journey to joining the global elite marathons this week as the world-renowned marathon measurer, Norrie Williamson arrived in Lagos yesterday to begin the certification and calibration of the route.
Banks looking for more ingenious ways to make money – Wigwe, Access Bank MD/CEO
The Group Managing Director and Chief Executive Officer of Access Bank Plc, Mr. Herbert Wigwe, in this interview, speaks on a wide range of issues in the banking industry as well as the economy. Excerpts: To what extent did the 9mobile loan contribute to your impairments? We had to take a collective impairment
We’ll sustain forex interventions – CBN
The Central Bank of Nigeria (CBN) on Friday assured of its continued intervention in the inter-bank foreign exchange market in order to sustain liquidity and stability in the sector. The Acting Director, Corporate Communications Department at the apex bank, Isaac Okorafor, stated this in Abuja.
CBN deploys electronic platform for efficient processing of capital investment inflows
Central Bank of Nigeria has deployed an electronic certificate of capital importation (eCCI) platform, which it said would enhance transparency and efficient processing of foreign investment inflows into the country. In a circular signed by W.D. Gotring, its director of trade and exchange development, which it issued to all authorized dealers,
Currency In Circulation Jumps By 5.6% To N1.86trn In August – CBN
By Kayode Tokede, Lagos The Central Bank of Nigeria (CBN) has disclosed that currency in circulation appreciated to N1.86 trillion in August 2017, a 5.6 per cent increase over N1.76 trillion in July. The N1.86 trillion currency in circulation is the third lowest, after N1.76 trillion in July and N1.87 trillion in June.
CBN targets 26% reduction in financial exclusion by 2020
As part of it continued effort in boosting financial inclusion in the country, the Central Bank of Nigeria (CBN) is targeting a whopping 26 per cent reduction in financially excluded Nigerians by 2020. The financial inclusion vision, which is aiming at enabling the Nigerian population of about 180 million know, understand and develop banking abilities.