Banking Archives — Page 33 of 59

July 4, 2018 No Responses

Diamond Bank Appoints Bickersteth Board Chairman

Diamond Bank has announced the appointment of Oluseyi Bickersteth as the new Chairman of the Board of Directors, effective June 26, 2018. Commenting on the appointment, Uzoma Dozie, GMD/CEO, Diamond Bank, said: “We are honoured to have Mr Oluseyi Bickersteth...

July 1, 2018 No Responses

CBN To Banks: Resolve USSD Disputes In Three Days

The Central Bank of Nigeria (CBN), on Saturday directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. Mr Dipo Fatokun, CBN’s Director, Banking and Payment Systems Depart...

July 1, 2018 No Responses

Heritage Bank Partners NEFF On Prevention Of e-fraud

Heritage Bank Plc has partnered the Nigeria Electronic Fraud Forum (NEFF) on the prevention of fraud in the Nigerian banking system. MD/CEO of the bank, Mr. Ifie Sekibo explained at the unveiling of the 2017 NEFF annual report in Lagos...

June 30, 2018 No Responses

Wema Bank Appoints New Managing Director

Wema Bank Plc has announced the retirement of its Managing Director/Chief Executive Officer, Segun Oloketuyi, following almost a decade at the helm of the Bank. “On behalf of the Board and Management of the Bank, I want to thank Mr...

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...