Banking Archives — Page 29 of 55

June 29, 2018 No Responses

World Bank Approves $2.1B Loan For Seven Projects In Nigeria

The World Bank says it has approved a 2.1 billion dollar loan for seven projects to support Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency and polio eradication. It said this in a statement issued on Thursday...

June 27, 2018 No Responses

ICPC Recovers 17 Vehicles From Ex-FAAN Officials

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has recovered 17 vehicles from former officials of the Federal Airports Authority of Nigeria (FAAN). The officials left with the vehicles after their retirements or disengageme...

June 27, 2018 No Responses

European Bank To Invest €700m In Nigeria

The Regional Representative for West Africa of European Investment Bank (EIB), Ms Isabelle Grunderbeeck, has disclosed that the bank plans to invest 700 million euros in some identified projects in Nigeria. Grunderbeeck disclosed this at the bank’s inter...

June 25, 2018 No Responses

Heritage Bank Promotes 350 Staff

In line with its commitment geared towards greater efficiency and resource optimization, as part of its growth and industry innovative agenda designed to strengthen the bank’s business across all markets where it operates, Heritage Bank Plc has announced the...

June 22, 2018 No Responses

‘Nigerian Banks Lose N12.30B To Fraud In Four Years’

The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various frauds between 2014 and 2017. Mr Adebisi Shonubi, Managing Director, NIBBS, disclosed this at the third Annual Banking Security S...

June 21, 2018 No Responses

Wema Bank Unveils Agent Banking In Kano

Wema Bank Plc has introduced agent banking in Kano as it seeks to deepen its retail footprint across informal economic sectors of the North-Western states and to drive financial inclusion within the entire northern region of the country. Agent Bank...

June 21, 2018 No Responses

CBN Lifts Forex Market With $210 Million

The Central Bank of Nigeria (CBN) has boosted the foreign exchange market with 210 million dollars to meet customers’ requests in various segments. A statement issued by Mr Isaac Okorafor, Acting Director, Corporate Communications on Wednesday explained ...

June 15, 2018 No Responses

CBN Lifts Retail SMIS With $343.06m Forex

The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange market on Thursday, June 14, 2018. Figures obtained from the Ban...

June 15, 2018 No Responses

Bankers’ Committee: Importers With Chinese Yuan Invoices To Pay Less

The Central Bank of Nigeria (CBN)-led Bankers’ Committee declared on Thursday in Lagos that importers with invoices from Chinese exporters will pay less than their other counterparts. At the end of its meeting in Lagos, the committee, comprising commercial...

May 24, 2018 No Responses

FSD Africa Pledges More Support For Diamond Bank’s Financial Inclusion Project

The Financial Sector Development for Africa, (FSD Africa) an agency funded by the United Kingdom Government through UK Aid has reiterated its commitment to provide more support for Diamond Bank Plc on its financial inclusion drive. This was stated...

May 23, 2018 No Responses

Monetary Policy Committee Meeting Communiqué

The Monetary Policy Committee (MPC) met on the 21st and 22nd of May, 2018 against the backdrop of optimistic global growth outlook and sustained recovery in the domestic economy. The Committee examined the performance, risks, vulnerabilities in the global and....

May 23, 2018 No Responses

UBA To Reward Loyal Customers In ‘Refer-a-Friend’ Campaign

Pan-African Financial Services Institution, United Bank for Africa (UBA) Plc will be rewarding its loyal customers who refer friends and family to the bank in its new diaspora campaign. The campaign is designed to reward customers of the bank who...

May 22, 2018 No Responses

Winners Emerge In First Bank Visa Gold Card Promo

First Bank of Nigeria Limited in partnership with Visa International has announced the emergence of two lucky winners, Mrs. Hadizat Bello and Mr. Ado Ibrahim Idris, in the just concluded FirstBank Visa Gold card issuance and usage promo. The promo...

May 19, 2018 No Responses

Investors Stake N14.2Billion On Zenith Bank, GTBank, UBA In Five Day

Between Monday and Friday this week, investors on the floor of Nigeria Stock Exchange (NSE) staked N14.159Billion on Zenith Bank Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc. Transactions in the Top Three Equities accounted for 491.649...