The Managing Director and Chief Executive Officer (MD/CEO) of Unity Bank, Oluwatomi Somefun, in this interview, talks about the struggles of the bank in the last three years and declares that, “It’s a new dawn for everyone at Unity Bank.” Can you shed light on…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has moved its meeting formerly scheduled for today and tomorrow till Wednesday and Thursday this week. Analysts believe the meeting will lead to no surprises as political campaigns for 2019…
The Central Bank of Nigeria has released N15.79 billion (297.99 million Chinese Yuan) to Nigerian businessmen under the currency swap deal. The money is to enable local businessmen to import goods from China in the three months post…
Michael Larbie is the Chief Executive Officer of Rand Merchant Bank Nigeria, a subsidiary of the South Africa based FirstRand Group. In this interview Labie speaks on the bank’s effort to distinguish itself in the intensely competitive Nigerian banking industry. He also spoke…
Adewale Sanyaolu For their inability to service their huge debts, Deposit Money Banks (DMBs) have taken over the assets of some defaulting oil marketers. And to serve as a deterrent to others, the DMBs have equally suspended further access to loan facilities….
Access Bank Plc recently celebrated 10 years of promoting sustainable banking with a week-long event held across its several branchesE within and outside Nigeria. The event, tagged ‘Journey to a Sustainable Future’, was geared towards reiterating the bank’s…
Diamond Bank plc has been awarded the prestigious Women’s Market Champion honours by the Global Banking Alliance for Women. This year’s Women’s Market Champions reflect the global nature of the Global Banking Alliance for Women’s work from diverse…
The Lagos State University (LASU) has been named as a Centre of Excellence for innovative and transformative Science, Technology, Engineering and Mathematics (STEM) Education by the World Bank, among other 16 universities across Nigeria. The Vice-Chancellor…
STANBIC IBTC Bank Plc has commissioned an Africa-China Banking Centre, ACBC, to offer Nigerian and Chinese clients a business-to-business networking and personal advisory service and also help them to access and unlock the many opportunities in Nigeria-China trade…
The African Export-Import Bank (Afreximbank) and CDC Group Plc have signed a $100-million master risk participation agreement to support Afreximbank’s Trade Facilitation Programme. Under the terms signed in Casablanca, Morocco, CDC will provide unfunded risk…
The Nigeria Deposit Insurance Corporation (NDIC) has released the ownership structure of all banks operating in Nigeria. The report, contained in the corporation’s annual report, showed that foreign investors and government are divesting from Nigerian lenders, as private…
CORONATION Merchant Bank has been named the best investment bank in Nigeria at the 2018 global business outlook awards which held recently in London, UK. Now in its fifth year, the Global Business Outlook awards is internationally recognised as the landmark finance event to reward…
Heritage Bank Plc has restated commitment to improved youth and sport developments in the country, thereby attaining rapid growth in these areas, through sponsorship of sporting activities in tertiary institutions. Ifie Sekibo, the MD/CEO of Heritage Bank,…
The Nigeria Deposit Insurance Corporation (NDIC) said it paid N1.45 billion to 16,324 depositors of 34 closed Deposit Money Banks (DMBs) in 2017. According to the corporation, the figure is higher than the N0.61 million paid to 13 depositors in 2016…
Nigeria’s top tier 1 banks are still in fine shape despite growing pressure on their net interest incomes and a pummeling of local lending. Lending in the 9 months till September 2018 has declined for most of Nigeria’s money centre institutions as they cut…
Two key factors which separate the rich from the poor are the decisions they make about finance and access to credit. Consequently, tools and products focused on savings, credit history, low-cost loans, ease of transaction, and options such as mortgages – all of which are…
Thirteen customers of Fidelity Bank Plc on Friday won the sum of N15 million under the ‘Get Alert in Millions Savings’ (GAIM) promo season three aimed at promoting financial inclusion. Two customers, Mr Ogene Udoka of Trade Fair and Charkyl Energy Limited, Ladipo branch,…
THE Chartered Institute of Bankers of Nigeria, CIBN, has called on the Central Bank of Nigeria to engage operators to develop a coherent cyber risk strategy for the banking industry. CIBN President, Dr. Uche Olowu, made this call while delivering the keynote…
5 lenders issue profit warnings in 3 months. Over $1 3.3 billion syndicated loans accessed by oil and gas firms in Nigeria between 2013 and 2018 are facing fresh threats, New Telegraph has learnt. The loans, mostly accessed from different banks’ consortia during $100 per…
In a bid to boost savings culture and promote the Central Bank of Nigeria (CBN) financial inclusion, 13 customers of Fidelity Bank Plc have won N15 million in the first edition of the get alert in millions promo season three held in various regions of the country…
The Managing Director/Chief Executive Officer of Unity Bank Plc, Mrs. Oluwatomi Somefun, in this interview, speaks on the challenges that over the years hindered the performance of the bank as well as latest efforts to inject fresh capital into the financial institution…
