Browsing Category
Banking
The Nigerian banking system. Banking in Nigeria. Operation, practices, regulations of the Banking system in Nigeria.
Diamond- Access Bank: a new dawn for investors, shareholders.
Stanbic IBTC’s CFO joins Board as Executive Director.
Banks staff rising by 1.8% in economy with 23.1% unemployment rate.
Lending may improve as banks NPLs moderate to 11.68%.
Bank credit to private sector records N15.1trn in Q4’18.
Sterling Bank extends access to online lending
Coronation Merchant Bank, JP Morgan, Barclays, others ranked among world’s best investment banks
Ecobank to issue debut $500m 5-yr Eurobond
Ecobank Transnational Incorporated (ETI) is issuing a debut $500 million five-year Eurobond, priced to yield 8.5 percent-9 percent, the lender told BusinessDay on Thursday.
The bond for…
Ecobank to issue debut $500 million 5-yr Eurobond
Ecobank Transnational Incorporated (ETI) plans to issue a debut $500 million five-year Eurobond, priced to yield 8.5 - 9 percent, the lender told BusinessDay on Thursday.
According the…
CBN, banks intensify lending to economy
It was a giant step taken by the Central Bank of Nigeria (CBN) and the bankers’ committee last week to intensify lending to the economy.
The latest report of the National Bureau of…
World Bank sees prolonged economic recovery in SSA
The World Bank has revised growth forecast for sub-Saharan African (SSA) region by 50 basis points to 2.8 percent on Monday, saying recovery in the region may prolong on the back of dwindled…
CBN names Itex as most efficient payment terminal service provider
Central Bank of Nigeria (CBN) has recognised Itex Integrated Services Limited, a pan-African financial technology firm that provides innovative solutions for commerce and payment acceptance,…
Zenith Bank appoints Deputy Managing Director, Ebenezer Onyeagwu, new CEO
Zenith Bank, a Nigerian tier-1 lender, has announced the appointment of Ebenezer Onyeagwu as new Group Managing Director/Chief Executive Officer (CEO) with effect from June 1, 2019, subject…
Afreximbank records $285m income in 2018
African Export-Import Bank (Afreximbank) has shown strong financial and operational performance in 2018 with a total comprehensive income of $285.4 million.
Afreximbank’s president,…
CBN submits 2019 budget proposal to parliament
The Central Bank of Nigeria (CBN) has submitted its 2019 budget proposal to the House of Representatives Committee on Banking and Currency.
Presenting the budget proposals for 2019, the…
CBN insists on $1,000 limit for outbound money transfers in 2019
The Central Bank of Nigeria (CBN) on Wednesday insisted on USD1,000.00 or its equivalent per quarter as allowable limit of International Money Transfer Operators (IMTO) outbound money…
Experts urge national cohesion to boost economy, enhance security
Nigeria loses billions of naira yearly due to lack of national cohesion and security, so concluded experts at a forum organized in Port Harcourt by FMCB. National cohesion is said to be a…