Banking Archives — Page 33 of 58

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 Summit...

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...

May 18, 2018 No Responses

UBA Kenya to Leverage on Group’s Capacity to Finance Large Ticket Transactions

United Bank for Africa (UBA) has assured the players in the private and public sectors in East Africa’s largest economy that its Kenyan franchise is ready and committed to finance key projects and business transactions capable of galvanising the economic...

May 14, 2018 No Responses

Panel On Banking Supervision Issue Criteria For Identifying simple, transparent Securitisations

The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) on Monday issued the Criteria for identifying simple, transparent and comparable short-term securitisations. According to IOSCO, the s...

May 14, 2018 No Responses

CBN, Heritage Bank, ICC Brainstorm On Global Trade Operation Systems

Heritage Bank Plc has hosted the May 2018 edition of the bankinng technique and practice meeting of the International Chamber of Commerce Nigeria. The meeting held at the Victoria Island Office of the financial institution attracted representatives of the ICC....

May 12, 2018 No Responses

Diamond Bank Explains N1.8B Revenue In Q1

Diamond Bank Plc has declared growth in its mobile banking revenue from N1.2 billion in Q1 2017 to N1.8 billion in Q1 2018. In its Q1 result released on the floor of Nigerian Stock Exchange (NSE), said Increases were...