Banking Archives — City Business News

July 27, 2021 No Responses

CBN Stops Sale Of FOREX To BDCs

The Central Bank of Nigeria (CBN) on Monday announced immediate discontinuation of the sale of Foreign Exchange (forex) to Bureau de Change (BDC) operators in the country. Mr. Godwin Emefiele, the CBN Governor, made this announcement on Tuesday while presenting...

July 22, 2021 No Responses

Sekibo: Market Formation Framework, Driver To Optimally Develop Solid Mineral Sector

MD/CEO of Heritage Bank Plc, Ifie Sekibo has said that market formation framework is the key to optimally exploit Nigeria’s precious metal and solid minerals endowments. He disclosed this during a webinar organised by the Securities and Exchange Commis...

July 18, 2021 No Responses

Ecobank Celebrates Nigerians In Diaspora, Explains Zero Fees For Transactions On Rapidtransfer

In commemoration of this year’s National Diaspora Day event, Ecobank Nigeria is joining the rest of the country to celebrate Nigerians in the diaspora by making transactions on its proprietary money transfer app, Rapidtransfer, free of charge. Th...

July 17, 2021 No Responses

Fidelity Bank Boss Advocates Financial Education, Inclusion For Children

The Chief Executive Officer, Fidelity Bank Plc, Mrs Nneka Onyeali-Ikpe, has urged parents to ensure financial education and inclusion for their children to prepare them for opportunities in the future. A statement issued on Friday by Mr Ejike ...

July 13, 2021 No Responses

Innoson Urges Court To Set Aside Order On GTB’s Plan To Transform To Holding Company

AN Enugu-based manufacturing and trading company, Innoson Nigeria Limited, is seeking the order of a Federal High Court, Lagos Judicial Division, to, among others, set aside its ex parte order approving GTB’s intention&nbsp...

July 11, 2021 No Responses

Fidelity Bank Unveils 7-Point Growth Agenda

By Moses Ebosele, ebosele@hotmail.com — The management of Fidelity Bank Plc has unveiled seven-point agenda aimed at strategic growth and expansion. In a statement on Saturday, the bank’s Chief Executive Officer/ Managing Direct...

June 25, 2021 No Responses

At TAJBank’s AGM, Shareholders Laud Performance

Shareholders of TAJBank Limited, Nigeria’s leading non-interest banking products and services provider, yesterday commended the board and management of the bank for its impressive performance in its first year of operations, promising continued commitment to...

June 22, 2021 No Responses

Ecobank Nigeria Promotes 600 Staff, Recruits New Employees

Ecobank Nigeria has announced the promotion of 682 staff effective May 1st, 2021 representing 26% of its core staff despite the impact of the COVID-19 pandemic and all the attendant impact on business performance globally. This accord...

June 18, 2021 No Responses

FBN Holdings Harps On Critical Role Of Financial Statement To Investment Drives

FBN Holdings (FBNH) Plc on Thursday harped on the importance of financial statements reporting to drive investments in the country. The Chief Finanicial Officer of FBNH, Oyewale Ariyibi, said this at the Capital Market Correspondents Association of Niger...

June 10, 2021 No Responses

Afreximbank Seeks Harmonisation Of African Automotive Standards

African Export-Import Bank (Afreximbank) is supporting the African Organisation for Standardisation (ARSO) to harmonise standards in the automotive sector in Africa in order to facilitate an accelerated development of the sector across the continent. The harmo...

June 7, 2021 No Responses

CBN Increases Forex Allocation To Banks

The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers. This particularly relates to requests of travelers seeking foreign exchange for travel allowances, payment of...