Banking Archives — Page 47 of 55

September 20, 2016 No Responses

Elumelu seeks more U.S engagement, investment in Africa

The chairman of United Bank for Africa Plc, (UBA) Tony Elumelu, has called for more United States of America (USA) engagement in Africa through mutually beneficial trade and investment. Elumelu, who is on a business tour of the US...

September 15, 2016 No Responses

First Bank gets ‘most customer friendly award’

FBN Holdings Plc recently garnered awards at the BusinessDay 2016 Annual Banking Awards. First Bank of Nigeria Limited and FBN Capital Limited, both subsidiaries of the FBNHoldings Group were recipients of double laurels at the event. First Bank of...

September 15, 2016 No Responses

Unity Bank sacks 213 workers

The Management of Unity Bank Plc sacked 213 of its workforce. A source explained that the exercise form part of the financial institution’s plan to reposition its operations. Contacted on Wednesday, a highly placed source within the Bank...

September 13, 2016 No Responses

UBA wins best Bank in Sub-Sahara Africa award, sponsors Ebola Movie “93 Days”

Pan-African banking group, United Bank for Africa (UBA) Plc at the weekend carted home two very important laurels at the annual Businessday Banking Awards, winning the Best Bank in Sub-Saharan Africa and the Best Bank in support of Agriculture. ...

September 7, 2016 No Responses

FG task banks on fight against corruption, terrorism

The Federal Governmet has challenged financial services sector in Nigeria to support ongoing efforts to tackle corruption, terrorism and money laundering in Nigeria. Speaking at the 10th Annual Banking and Finance Conference in Abuja, President Muhammadu Bu...

September 6, 2016 No Responses

First Bank appoints Alebiosu as Chief Risk Officer

First Bank of Nigeria Limited has announced the appointment of Mr. Olusegun Alebiosu as its new Chief Risk Officer (CRO). Prior to this appointment, Olusegun was the Chief Risk Officer of Coronation Merchant Bank. Mr. Alebiosu’s appointment, which is...

September 6, 2016 No Responses

Wema Bank reopens Minna Branch

Wema Bank Plc has continued its expansion plan with the reopening of its branch in Minna, Niger State. Located at 35 Bosso Road, Minna, this comes barely a year after the bank obtained a national banking licence from the...

September 4, 2016 No Responses

‘Foreigners can now invest in T-Bills, others’

The Central Bank of Nigeria (CBN) has unveiled new guidelines which empowers foreigners to invest in short-term debts and securities. Under the arrangement, foreigners can now invest in Treasury Bills (T-Bills), Federal Government Bonds, certificates ...

August 31, 2016 No Responses

CBN approves 11 international money transfer operators

The Central bank of Nigeria (CBN) has licensed 11 new international money transfer operators (IMTOs) to do business in the country’s foreign exchange market. A statement issued by CBN spokesperson Isaac Okorafor, explained that the licensing was in further...

August 31, 2016 No Responses

WestBlue adopts GTBank’s multiple channels for fees collection

The IT Consulting and Technology firm contracted by the Government of Ghana to implement the National Single Window Platform, WestBlue Consulting, has adopted Guaranty Trust Bank’s safe, strong and robust payments and collections channels. A statement iss...

August 29, 2016 No Responses

LCCI faults suspension of Banks from forex transactions

The Lagos Chamber of Commerce and Industry (LCCI) on Sunday described the suspension of nine Banks from foreign exchange (forex) transactions as counter productive. LCCI Director General, Muda Yusuf said: “These are shocks that the economy can ill afford....

August 29, 2016 No Responses

Moody’s, Augusto rate Heritage Bank high on strong capitalisation, asset quality

Two foremost rating agencies, Moody’s and Augusto & Co. recently affirmed that Heritage Bank’s capitalization remains sound in relation to its low asset risk model and has capacity to generate income from its core business and settle its obligation...

August 28, 2016 No Responses

FirstBank partners NBCC on MSME development

First Bank of Nigeria Limited is to partner the Nigerian-British Chamber of Commerce (NBCC) to jointly host a Micro, Small & Medium Size Enterprises (MSME) workshop with the theme: “Fundamentals of Building a Sustainable Business”. According to First...

August 26, 2016 No Responses

Skye Bank, Fidelity, FBN, others sustain sliding profile

For the second day, investors on the floor of the Nigerian Stock Exchange (NSE) have continued to dump the shares of Banks suspended from participating in Foreign Exchange (Forex) transactions by the Central Bank of Nigeria (CBN). The restriction...