Banking Archives — Page 45 of 59

April 3, 2017 No Responses

Deposits in SunTrust Bank hits N4.2b in 2016

For the year 2016, deposit in Sun Trust Bank increased by 432 per cent, making it possible for the bank to declare profit before tax of N343 million, an increase of 160.3 per cent over the N131.9million reported in 2015. Meanwhile its Income tax...

March 31, 2017 No Responses

Toyota Nigeria honours First Bank with Evergreen Award

Citing sustained dedication and loyalty over the years, Toyota Nigeria Limited (TNL) has honoured First Bank of Nigeria with an Evergreen Award and N2.5m reward. At a colourful award ceremony held in Lagos on Thursday, TNL Chairman, Chief Michael...

March 31, 2017 No Responses

Heritage Bank enhances capacity of ex-BB Naija housemates, entrepreneurs

Heritage Bank Limited, has enhanced capacity of Ex-Housemates of Big Brother Naija reality TV show and other emerging 21st century entrepreneurs at an SME enhancement capacity training programme. Speaking at the breakfast meeting in Lagos, Mr. Ejikeme Obiano, ...

March 30, 2017 No Responses

Development Bank of Nigeria gets CBN licence

The Central bank of Nigeria has approved the grant of a wholesale development finance institution licence with national authorization to the Development Bank of Nigeria (DBN) Plc, the Minister of Finance, Mrs. Kemi Adeosun has confirmed. The approval was conve...

March 30, 2017 No Responses

FG puts $500m notes at 7.5 per cent yield

The Federal Government on Thursday announced that it has priced its offering of US$500 million aggregate principal amount of notes at a yield of 7.5% under its US$1.5 billion (increased from US$1 billion) Global Medium Term Note Programme, which will...

March 29, 2017 No Responses

Wema Bank appoints new Non-Executive Director

Wema Bank Plc has announced the appointment of Mr Babatunde Oladele Kasali as a Non-Executive Director, following the approval of the Central Bank of Nigeria. According to the Bank, Mr. Kasali is a “consummate professional with expertise in Audit, Risk...

March 28, 2017 No Responses

CBN to Banks: Make dollar available at N360

Commercial banks in the country will no longer sell the naira at N375 per dollar for invisibles, such as school fees, medical bills and travel allowances, the Central Bank of Nigeria (CBN) declared on Monday. According to CBN, Nigerians can...

March 27, 2017 No Responses

Tony, evicted Big Brother Naija housemate, lauds Heritage Bank for promoting Nigeria culture

Evicted housemates at the ongoing Big Brother Naija reality TV show, Offiong Edet Anthony (Thin Tall Tony), visited Heritage Bank Corporate Communication office in Lagos over the weekend. Thin Tall Tony as he is famously addressed and Omobolaji Mogaji, Media.....

March 22, 2017 No Responses

CBN retains MPR At 14%, CRR at 30%

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 14 percent and the Cash Reserve Ratio (CRR) at 30 percent. MPR is the rate at which the Central Bank lends...

March 21, 2017 No Responses

First Bank Photo News

Ibukun Awosika (middle), Chairman, First Bank of Nigeria Limited, flanked by Folake Ani-Mumuney (left), Group Head, Marketing and Corporate Communications, FirstBank, and Bashirat Odunewu (right), Group Executive, International Banking Group, FirstBank at the ...

March 14, 2017 No Responses

First Bank canvasses support for sustainable interest in Agriculture

As part of its commitment to support agriculture businesses across the value chain and to play its enabling role in the nation’s drive for economic diversification through agriculture, First Bank of Nigeria Limited, will hold an inaugural agric expo on...

March 7, 2017 No Responses

CBN offers additional $367 Million to ease FOREX crisis

As part of measures to tackle Nigeria’s Foreign Exchange (FOREX) crisis, the Central Bank of Nigeria (CBN) on Monday carried out another round of retail interventions in the interbank FOREX market by providing $367,134,329.93 to meet the forward requests of....

March 6, 2017 No Responses

Process BTA, PTA in 24 hours, CBN tells Banks, Dealers

To curtail speculations and facilitate prompt assistance to genuine foreign exchange (FOREX) customers, the Central Bank of Nigeria (CBN) has directed banks to henceforth ensure that all applications for Basic/Personal Travel Allowance (BTA/PTA) are processed ...

March 3, 2017 No Responses

FirstBank partners Oyo on Women Empowerment

As part of measures to empower women financially, FirstBank in collaboration with the Oyo State Ministry of Women Affairs recently held Oyo State Summit on Women Empowerment. According to First Bank, the event was hosted by the Wife of the...