Banking Archives — Page 34 of 59

May 11, 2018 No Responses

CBN: Banks Are Sabotaging Our Efforts On New Notes

The Central Bank of Nigeria (CBN) has blamed commercial banks for sabotaging its efforts in replacing mutilated notes with new ones in the country. Mr Isaac Okorafor, Acting Director, Communications Department of the CBN, made the allegation in Lagos on...

May 10, 2018 No Responses

Wema Bank Assures Shareholders On Dividend Payment, Declares N65.27B Gross Earnings

Moses Ebosele, ebosele@hotmail.com – “The day we begin to give you what you want (dividend),there will be no going back. Very soon we will be in a position to give you what you want. No management or board want to come...

May 9, 2018 No Responses

‘Banks Must Repay Excess Charges With Interest’

The Central Bank of Nigeria (CBN), said any bank that deducts monies illegally from a customer’s account for products and services would be forced to refund the money to the customer with interest. Mr Fada David, Consumer Complaints Management, Consumer...

May 5, 2018 No Responses

CBN Injects $349.34m Into Retail SMIS

As part of its intervention for the week, the Central Bank of Nigeria (CBN), has injected the total sum of $349.34 million in the Retail Secondary Market Intervention Sales (SMIS) segment of the Forex market. Figures obtained from the CBN...

May 4, 2018 No Responses

Power Of Social Media In Sustained Marketing

By 2025, Millennials will make up 75% of the global workforce. As their population grows, so is their influence. Award-winning author Jeremy K. Balkin calls this the “Millennialization of Everything.” Millennials – the generation born between 1980 and 20...

May 3, 2018 No Responses

China Signs Currency Swap Agreement With Nigeria

China’s central bank said on Thursday it has signed a three-year bilateral currency swap agreement with Nigeria worth 15 billion yuan ($2.36 billion). The People’s Bank of China (PBOC) said on its website the swap deal will facilitate trade and...

May 3, 2018 No Responses

Ecobank Unveils Unified Digital Payment Solution

A multi-featured digital payment solution, Ecobank Pay, is now available from Ecobank Nigeria. Ecobank Pay is built as a core part of Ecobank’s digital financial services ecosystem approach and will deliver unified and instant self-service across a range of ...

April 30, 2018 No Responses

First Bank Implores Youth On Wealth Initiatives

The Chairman, Board of Directors, First Bank of Nigeria, Mrs. Ibukun Awosika has implored youth in Edo State to embrace job and wealth creation initiatives. Addressing participants at a two-day workshop organised by the Edo State Government in partnershi...

April 29, 2018 No Responses

Wema Bank Explains N16.07b Earnings In Q1

Wema Bank PLC has announced a 5.02% growth in earnings for Q1’2018 to N16.07 billion, from N15.28 billion in Q1’2017. According to the Bank, the increase was supported by a 21.07% growth in non-interest income to N3.43 billion (Q1’2017;...

April 26, 2018 No Responses

Diamond Bank Pulls Out Of UK

The Managing Director/ Chief Executive Officer of Diamond Bank Plc, Uzoma Dozie, has assured customers that the sale of the international subsidiaries is not expected to cause service disruptions for the bank’s customers across the world. The Bank exp...

April 26, 2018 No Responses

Access Bank Shareholders Laud 2017 Performance, Dividend Policy

For the financial year 2017, Shareholders of Access Bank Plc on Wednesday commended the Management and Board for the payment of 65 kobo dividend on their investment. The Bank on Wednesday paid a final dividend of 40 kobo per share....

April 25, 2018 No Responses

Tony Elumelu To African Leaders: Prioritize Africa’s Youth

During the annual spring meetings of the International Monetary Fund and the World Bank in Washington, DC, African philanthropist and entrepreneur Tony O. Elumelu insisted that prioritizing Africa’s youth by fixing the policy and regulatory issues impeding t...

April 21, 2018 No Responses

Nigerian Appoints Committee On e-IPO

Nigeria is to adopt Electronic IPOs (e-IPO). Already, a committee comprising of the Securities and Exchange Commission (SEC), Nigeria Stock Exchange (NSE), Association of Issuing Houses of Nigeria (AIHN), Association of Stock Brokers (ASHON), Central Securitie...