Banking Archives — Page 31 of 59

November 2, 2018 No Responses

CBN Unveils Guidelines For Payment Service Banks

As part of measures to promote a sound financial system and enhance access to financial services for low income earners and unbanked segments, the Central Bank of Nigeria (CBN) on Thursday unveiled operational guidelines for Payment Service Banks (PSBs). The...

October 23, 2018 No Responses

Access Bank Declares N375b Earnings, N62.9b Profit In Q3

Access Bank Plc has announced top line earnings of ₦375.2 billion for the nine months ended 30 September 2018, up 3% from N365.1 billion recorded during the corresponding period in 2017. The Bank’s Profit after Tax (PAT) increased 12% to...

October 19, 2018 No Responses

Atiku Will Return PDP To Power

A chieftain of the People’s Democratic Party, Chief Ebenezer Babatope, on Thursday said the party’s presidential candidate, Alhaji Atiku Abubakar would win the 2019 election. Babatope, a former Minister of Transport, told the News Agency of Nigeria (NAN) o...

October 18, 2018 No Responses

Senate To CBN: Suspend ATM Charges

The Nigerian Senate has urged the Central Bank of Nigeria(CBN) to suspend the Automated Teller Machine(ATM) card maintenance charges pending the outcome of investigation into alleged sharp practices by banks. The senate also resolved to invite the Governor of ...

October 8, 2018 No Responses

Sterling Bank Intensifies Debt Recovery Drive

Sterling Bank Plc has said it would always adopt amicable resolution or when necessary, drastic legal actions to achieve debt recovery outcomes. According to the Bank, such strategies include restructuring for accelerated payoffs and possible foreclosure or...

October 4, 2018 No Responses

World Bank Downgrades Sub Sahara Africa Growth Forecast To 2.7 per cent

The World Bank has cut its forecast for growth of sub-Saharan Africa in 2018 to 2.7 per cent, down from an earlier 3.1 per cent, partly due to less favourable external environment for the region. The lender said in its...

October 4, 2018 No Responses

CBN Boosts FOREX Market With $210

The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Wednesday, October 3, 2018, indicate that authorized dealers in the wholesale segment...

October 2, 2018 No Responses

UBA Photo News

Ugo Nwagodoh (right), Group Chief Finance Officer, UBA Plc, receiving an award to recognize the group’s diversification efforts across the African continent, from Mr. Akin Akeredolu-Ale, Chief Executive of the Lagos Commodities & Futures Exchange Limited...

September 24, 2018 No Responses

Heritage Bank Wins Three Agric, SME Awards

Heritage Bank Plc has been adjudged “Best SME Bank Nigeria 2018” by Capital Finance International (CFI.co) and “Agriculture Bank of the Year 2018” by the Nigeria Agriculture Awards (MAA). Also, the bank was awarded the Best CIBN Chapter of the...

September 22, 2018 No Responses

CBN Revokes Skye Bank’s licence

The Central Bank of Nigeria (CBN) has revoked the operating licence of Skye Bank Plc. However, depositors’ funds, according to the apex Bank remain safe. Governor of the CBN, Godwin Emefile, broke the news on Friday at a press...

September 20, 2018 No Responses

Heritage Bank At IAPH Conference, Pledges Support For Maritime Sector

The maritime sector through Nigerian Port Authority (NPA) is set to get improved infrastructural boost as Heritage Bank Plc revealed plans to provide financing for building critical maritime infrastructures and other aspects of transport sector projects once p...

September 17, 2018 No Responses

BoI, Exim Bank Seal $500m MoU

A $500 million financing support agreement has been signed by the Bank of Industry (BoI), the Development Finance Institution (DFI) and the Export-Import Bank of China (CEXIM). According to BoI’s Managing Director/Chief Executive Officer Olukayode Pitan, t...

September 12, 2018 No Responses

Heritage Bank MD Implores Commercial Banks On SMEs Growth, Vibrant Economy

The MD/CEO of Heritage Bank Plc, Mr. Ifie Sekibo on Tuesday tasked commercial banks to intervene in building a formidable economy driven on the wheel of Small and Medium Scale Enterprises (SMEs) because there is lots of value and opportunities...

September 8, 2018 No Responses

Panel To Recover $7b Bailout Funds From Commercial Banks

The Special Presidential Panel for the Recovery of Public Property is to recover the seven billion dollars bailout fund granted commercial banks between 2006 and 2008. The panel Chairman, Mr Okoi Obono-Obla, said in Abuja on Friday that the banks...