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    World Bank, AfDB blacklist 15 Nigerian companies and 9 individuals and other banking news

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    CBN LDR directive as it affects Banks Q3 and Q2 2019

    How banks Balance Sheet reacts to CBN LDR directive in Q3 2019

    FCMB group Q3 2019 results

    FCMB Q3 2019 result shows drop in PAT by 5% on declines in FX gains

    11 Nigerian banks made top 100 social media using banks

    11 Nigerian Banks make world’s top 100 social media savvy Banks

    Sterling Bank Plc

    Sterling Bank Q3 2019 profit dip by 8% on trading, other operating income

    Jaiz Bank H1 2019 financial performance and result

    Jaiz Bank releases Q3 2019 results, post N1.25bn Profit on Sukuk

    Union Bank Q3 2019

    Union Bank Q3 2019 profit up by 4% to N15bn on Fees, Loan Recoveries.

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Unity Bank’s Worst Days Are Over – MD; Currency Swap – CBN Released N15.8b In 3months And Other Banking News

Unity Bank’s Worst Days Are Over – MD; Currency Swap – CBN Released N15.8b In 3months And Other Banking News
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The worst days are over – Unity Bank CEO

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…

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CBN Monetary Policy Committee To Retain Rates

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…

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Currency swap: CBN released N15.8bn in 3 months to Nigerian importers

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…

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Political standoffs will not affect policy continuity in Nigeria — CEO Rand Merchant Bank

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…

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N800bn subsidy debt: Banks take over assets of oil marketers

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….

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Access Bank Celebrates Decade Of Sustainable Banking

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…

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Diamond Bank wins Women’s Market Champion awards

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…

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W/Bank Names LASU Africa Centre Of Excellence

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…

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Stanbic IBTC commissions Africa-China Banking Centre

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…

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Afreximbank, CDC Group sign $100m Master Risk Participation pact

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…

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Foreign investors, govt divest from banks

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…

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Coronation Merchant Bank wins best investment bank award

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…

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WAUG: Heritage Bank Restates Commitment To Youth, Sport Devt

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,…

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NDIC pays N1.45bn to bank depositors, recovers N28bn from debtors

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…

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Tier 1 banks battle headwinds

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…

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Diamond Bank’s Financial Inclusion As Poverty Alleviation Tool

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…

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Financial Inclusion: Fidelity Bank Splashes N15m On 13 Customers

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,…

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CIBN calls for cyber risk strategy for banking industry

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…

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$13.3bn oil & gas banks’ loans face fresh threat

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…

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Fidelity Bank customers win N15m in promo draw

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…

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Somefun: Unity Bank Was Weighed Down by Legacy Debts

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…

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Court to hear contempt proceedings against CBN governor on June 13. And other banking news
Banking News

Banker remanded over N50m fraud allegations and other banking news

by Nigerianbanker
December 10, 2019
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Banker remanded over alleged N50m fraud in Ibadan Mr Kehinde Agbabiaka, an Ibadan-based banker, was on Monday remanded in Agodi...

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Commercial Banks to approach for loans

Moody’s report downgrades Nigerian Banks to negative

December 10, 2019
World Bank, AfDB blacklist 15 Nigerian companies and 9 individuals and other banking news

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Fowler replaced as Buhari appoints Nami as new FIRS Chairman

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

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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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Nigerian Banker | Expanding your knowledge about Banking and the Economy

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