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Banks

Banks, stockbroking firms are our partners in progress – DMO

June 21, 2022 Chimezie Godfrey 0

By Kadiri Abdulrahman The Debt Management Office (DMO) says Deposit Money Banks (DMBs) and Stockbroking firms are integral to delivering its national mandate of debt […]

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CBN to end sale of FOREX to banks

February 11, 2022 Favour Lashem 0

By Kadiri Abdulrahman  The CBN will stop the sale of foreign exchange to commercial banks before the end of the year, its governor, Mr Godwin […]

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Empower micro finance banks to reach more customers, Arvofinance boss urges CBN

January 20, 2022 Favour Lashem 0

Mr Ayotunde Bally, Chief Executive Officer of Arvofinance, a digital lending company, has urged the Central Bank of Nigerians (CBN) to allow Microfinance Banks (MFBs) […]

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E-Naira will have far-reaching implications for banking sector – Economists

October 26, 2021 Favour Lashem 0

 Economists have said that the e-Naira, when rolled out, will have far-reaching implications for the future of the banking sector in Nigeria. The experts, in […]

CBN releases guidelines for eNaira

October 25, 2021 Chimezie Godfrey 0

Following the launch of the enaira by President Muhamadu Buhari, the application for the digital currency introduced by the CBN has become available for download, […]

Sit-at-home: ESN scare paralyses economic activities in Umuahia

October 11, 2021 Chimezie Godfrey 0

Economic activities came to a halt on Monday in Umuahia, following the rumour that some hoodlums launched an attack in the capital city to enforce […]

Independence: Address overregulation, forex constraints  to ease manufacturing – stakeholders

October 1, 2021 Chimezie Godfrey 0

As Nigeria celebrates 61 years of nationhood,  some manufacturing stakeholders have urged the Federal Government to tackle overregulation, irregularities in ports and foreign exchange constraints, […]

FG disburses N300bn to farmers

September 15, 2021 Favour Lashem 0

President Muhammadu Buhari says N300 billion has been disbursed to farmers while 1.6 million poor and vulnerable households are currently benefiting from the Conditional Cash […]

FirstBank wins Private Bank of the Year award by Global Finance

September 13, 2021 Chimezie Godfrey 0

First Bank of Nigeria Ltd.,  has won the Global Finance ‘Private Bank of the Year 2021’ award. The Deputy Managing Director of the bank, Mr […]

World Leukaemia day: Volunteers call for more blood donors to shore up banks

September 12, 2021 Chimezie Godfrey 0

Some volunteer blood donors at the 2021 World Leukaemia Day organised by a Non-Governmental Organisation, Timilehin Leukaemia Foundation (TLF), on Saturday, called on more Nigerians […]

E-naira: CBN Dep. Gov. urges banks to strengthen operational capacity

September 9, 2021 Chimezie Godfrey 0

Mr Folashodun Shonubi, Deputy Governor, Operations Directorate, Central Bank of Nigeria (CBN), has urged Deposit Money Banks (DMBs) to strengthen their operational capacity to effectively […]

Reps c’ttee resumes probe of alleged unremitted N10.6 bn Customs duty by banks

September 1, 2021 Chimezie Godfrey 0

The House of Representatives Committee on Customs, on Wednesday, in Abuja, resumed its investigative hearing on the alleged non-remittance of N10.6 billion Customs and Excise […]

Electricity workers sign MoU following FG’s intervention in crisis

August 29, 2021 Chimezie Godfrey 0

Aggrieved members of the Senior Staff Association of Electricity and Allied Companies (SSAEAC) have signed a Memorandum of Understanding (MoU) to remain together. The MoU, […]

EFCC chairman Bawa

2023: EFCC boss warns banks against election financing, forex malpractices

August 20, 2021 Danlami Nmodu 0

The Chairman of the Economic and Financial Crimes Commission [EFCC], Mr Abdulrasheed Bawa, has warned financial institutions against fraudulent election financing, foreign exchange malpractice and […]

FCMB wins 10th Edition of Kaduna Corporate League

August 8, 2021 Chimezie Godfrey 0

First City Monument Bank (FCMB)  on Saturday rode over the back of Guarantee Trust Bank with two unreplied goals to lift the 10th edition of […]

Access Bank drives financial inclusion with 74,000 Closa agents – Official

August 6, 2021 Favour Lashem 0

Access Bank Plc has equipped 74,000 Access Closa agents to provide financial services to customers across the country, to drive financial inclusion. Mr Robert Giles, […]

Banks refunded over N89bn to customers in June- CBN

August 5, 2021 Chimezie Godfrey 0

The Gov. of Central Bank of Nigeria (CBN) Dr Godwin Emefiele on Thursday disclosed that at the end of June 2021, commercial banks in Nigeria […]

DMO offers new FG bonds for subscription at N1000/ unit

August 2, 2021 Chimezie Godfrey 0

The Debt Management Office (DMO) on Monday offered additional Federal Government  bonds for subscription at N1,000 per unit, according to information published on its website. […]

FOI: CSO seeks details of 2020, 2021 Hajj deposit refund

August 1, 2021 Chimezie Godfrey 0

Independent Hajj Reporters (IHR), a Civil Society Organisation (CSO) that reports and monitors Hajj and Umrah activities, has requested state Muslim Pilgrims’ Welfare Boards (SMPWBs) […]

Don lauds CBN’s decision to stop forex supply to BDCs

July 29, 2021 Favour Lashem 0

 Prof. Uchechi Ogbuagu, Department of Economics, University of Calabar, has commended the Central Bank of Nigeria (CBN) for stopping the supply of forex to Bureau […]

Experts hail CBN’s decision to stop forex sale to BDC operators

July 28, 2021 Favour Lashem 0

An economist, Prof. Akpan Ekpo, has commended the Central Bank of Nigeria (CBN) for discontinuing sale of forex to Bureau de Change (BDC) operators in […]

World Finance magazine names Zenith Bank Best Commercial Bank in Nigeria

July 14, 2021 Chimezie Godfrey 0

Zenith Bank Plc has been named ”Best Commercial Bank in Nigeria” at the World Finance Banking Awards 2021, as published in the July edition of […]

Zenith Bank retains position as number 1 Tier-1 bank in Nigeria

June 30, 2021 Chimezie Godfrey 0

Zenith Bank Plc has retained its position at the number one bank in Nigeria by Tier-1 capital in the 2021 Top 1,000 World Banks ranking […]

Cabotage Fund: NIMASA shortlists 11 coys, 4 banks to benefit –DG

June 26, 2021 Chimezie Godfrey 0

The Nigerian Maritime Administration and Safety Agency, (NIMASA), has disclosed that it had so far shortlisted 11 companies to benefit from the Cabotage Vessel Financing […]

NEXIM MD urges auditors to adopt “agile” auditing

June 26, 2021 Chimezie Godfrey 0

Mr Abubakar Bello, the Managing Director, Nigeria Export-Import (NEXIM) bank has urged Internal Auditors to adopt agile auditing and be more proactive in providing assurance […]

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