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Banking
CBN to set up International Financial hub for capital, investments inflows
The Central Bank of Nigeria (CBN) has said it will establish The Nigerian International Financial Centre (NIFC) within the next 12 months to act as an international gateway for capital and…
GTCO threatens to halve pay, block workplace access for unvaccinated staff
Guaranty Trust Bank Holding Plc. (GTCO), one of Nigeria’s tier one banks has given staff members September end ultimatum to get vaccinated against the COVID-19 virus or face salary slash and…
Access Bank grows half year pre-tax profit by 31% to N97.5bn
Access Bank, Nigeria’s biggest lender by assets, grew its half-year pre-tax profit by 31 percent to N97.5 billion in the first six months of 2021 from N74.3 billion in the comparable period…
Financial sector contracted by 4.5% in Q2 despite banks resilience
Financial Institutions under financial and insurance sector contracted by -4.54 percent in the second quarter (Q2) 2021 from 0.15 percent in the first quarter (Q1) 2020 and 28.41 percent in…
CIBN tasks banks on leveraging technology for products delivery
The Chartered Institute of Bankers of Nigeria urged banks and employees to leverage technology to deliver products and services to their numerous customers at their convenience.
Bayo…
CBN, banks support Sanusi to raise $2mn fund for girl child
The Central Bank of Nigeria (CBN) in collaboration with the Bankers committee pledged to support Lamido Sanusi, former Emir of Kano to raise $2 million fund in the next five years to address…
Fidelity Bank says audited H1 financial statement undergoing review by CBN
Fidelity Bank Plc has notified the Nigerian Exchange Limited and the investing public of delay in publishing its 2021 half-year (H1) audited financial statements (AFS), noting that the AFS…
Sanusi raises concerns over Nigeria’s borrowing
Lamido Sanusi, former Emir of Kano, on Tuesday raised concerns over Nigeria's increased borrowings, saying more effort has to be taken to put the country to the part of fiscal…
CBN, bankers committee have more money for creative industry
The Central Bank of Nigeria (CBN) led by Godwin Emefiele, its governor, and the bankers committee still have more money for the creative industry having disbursed a total of N3.22 billion to…
Access Bank launches campaign against e-banking fraud
As part of its continued commitment to educate and protect customers from e-banking fraud, Africa’s largest retail bank, Access Bank Plc, has launched an awareness campaign aimed at…