CBN retains MPR At 14%, CRR at 30%

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...
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First Bank Photo News

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 ...
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First Bank canvasses support for sustainable interest in Agriculture

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...
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CBN offers additional $367 Million to ease FOREX crisis

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

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 ...
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FirstBank partners Oyo on Women Empowerment

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...
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2016: Zenith Bank declares N129.65b profit, reward shareholders with N1.77 dividend

2016: Zenith Bank declares N129.65b profit, reward shareholders with N1.77 dividend

For the year ended December 31, 2016, Zenith International Bank Plc has declared a profit after tax of N129.65 billion and a final dividend of N1.77 per share  This is contained in the company’s audited report released by the Nigerian...
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CBN re-introduces charges on cash deposits, withdrawals

CBN re-introduces charges on cash deposits, withdrawals

About three years after the policy was suspended, the  Central Bank of Nigeria (CBN) on Thursday announced the re-introduction of bank charges on certain categories of cash deposits and withdrawals.      In a circular to all Deposit Money Banks posted on...
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UBA Photo News

UBA Photo News

L-R: Minister of African Integration & Ivoirians of the diaspora, Ally Coulibaly; MD, UBA Cote d’Ivoire, Sarata Kone; Director, Marketing & Corporate Communications, Bola Atta and Minister of Culture & Francophony of Cote d’Ivoire Maurice Banda...
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NSE Photo News

NSE Photo News

( L – R) , shows Alhaji (Dr) Musbahu Basir, Director, Jaiz Bank Plc; Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Alhaji (Dr) Umaru Abdul Mutallab, CON, Chairman, Jaiz Bank Plc and Alhaji (Dr) Umaru...
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FG, UBA restate commitment to development of creative industry

FG, UBA restate commitment to development of creative industry

REDTV, an online lifestyle channel that puts the spotlight on Africa with a distinct global appeal, in conjunction with The Naked Convos has premiered a new web-series titled, ‘Our Best Friend’s wedding’.  REDTV is supported by the United Bank for...
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FirstBank gets global brands awards

FirstBank gets global brands awards

First Bank of Nigeria limited has won the “Best Banking Brand, Nigeria 2016”& “Best Banking Performer, Nigeria 2016” in the Global Brands Awards. The awards are instituted to identify and recognise the significance of exceptional service delivery a...
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UBA unveils 15 campus Ambassadors

UBA unveils 15 campus Ambassadors

The United Bank for Africa (UBA) Plc has launched the maiden edition of its Campus Ambassador Programme with the induction of the first 15 brand ambassadors. The UBA Campus Ambassador Programme is an initiative to identify young emerging leaders among...
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Investor gets N1.5m for ‘Illegal sale’ of GTBank shares

Investor gets N1.5m for ‘Illegal sale’ of GTBank shares

An investor, Rev. Fr. Samuel Ukeje Ikechukwu has commended the Securities and Exchange Commission (SEC) for facilitating payment of N1.5million for his Guranty Trust Bank shares sold without his consent. According to Ukeje who is resident in Italy, he bought.....
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