Browsing Category
Banking
Demand For FX Derivatives Jumps As Central Banks Prep Rate Rises- CME Group.
Demand for currency derivatives has shot up this year, data from CME Group showed; in a sign investors are…
Australia’s Central Bank Launches Digital Currency Project.
Australia's central bank said it was launching a one-year research programme into the case for a central bank…
SoftBank Plans Vision Fund Job Cuts After Record Net Loss.
SoftBank Group Corp (9984. T) is planning to cut headcount at its flagship Vision Fund investing arm; CEO…
Former Centerview Banker Sues Firm For Records Over Pay Clash.
David Handler, a veteran banker who had built Centerview Partners' technology advisory business; has filed a…
UBA Appoints New GMD.
United Bank for Africa Plc announced the appointment of Oliver Alawuba as its group managing director; overseeing…
JPMorgan, Bank Of America Invest In L’ATTITUDE Ventures’ First Fund
L'ATTITUDE Ventures on Wednesday closed its first institutional fund raising over $100 million with an anchor…
CBN Vows To Stop Naira Fall- Nigeria.
The Central Bank of Nigeria has advised Nigerians to resist the urge of succumbing to speculative activities…
CBN Commends Remita For Pioneering Usage Of eNaira
The Central Bank of Nigeria (CBN) has commended Remita, Nigeria’s leading Fintech platform; for pioneering the…
Rising Rates To Cushion Impact On Asia Banks From Slowing Economies.
Asia-focused lenders HSBC (HSBA.L), Standard Chartered (STAN.L) and their Southeast Asian peers such as DBS …
Zenith Bank Retains Position In Banking Award.
Zenith Bank Plc has been rank as the number one bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World…
Bank Of Japan Board Reshuffle Brings In Less Dovish Member.
The Bank of Japan has reshuffled its board and brought in a new member seen as more keen to end ultra-low interest…
Alpha Bank To Sell Bad Loan Portfolio To Hoist Finance.
Alpha Bank (ACBr.AT), one of Greece's four largest lenders, said it signed a binding agreement to sell; a 400…
Danish Central Bank Raises key Interest Rate In Wake Of ECB Hike.
Denmark's central bank raised its key interest rate by 0.5% points to minus 0.1%; following a rate hike earlier in…
TrustBanc Raises N5.85bn From Commercial Paper.
TrustBanc Holdings Limited, the parent company of three regulated financial services companies; said it has…
EXCLUSIVE Citi, Raiffeisen, Other Foreign Banks Seek Staff In Russia As They…
Russian divisions of foreign banks, such as Citi and Raiffeisen Bank International (RBIV.VI); have started looking…
Russia Central Bank Proposes Banning Small Investors From Buying Foreign Shares.
Russia's central bank has proposed banning Russians with holdings worth less than $550,000 from buying foreign…
IFC Bets Big On Kenyan Banks.
The International Finance Corporation (IFC) is channelling billions of shillings into Kenyan small businesses and…
Outcry As CBN Raises Interest Rate Again- Nigeria.
The Monetary Policy Committee of the Central Bank of Nigeria raised the Monetary Policy Rate from 13 % to 14%.
…
Bank Of America Puts Aside $200 Million For Probe Into Bankers’ Use Of…
Bank of America (BAC.N) has set aside around $200 million for a regulatory matter connected to the unauthorized…
Investment Bank United Capital Reports 41% Profit Surge As Half-Year Revenue Hits…
Revenue for United Capital rose to N9.1 billion after a jump in earnings from fees & commission and other…
Nigeria’s Central Bank Says Both Merchant And Consumer Can Now Present QR Codes…
The Central Bank of Nigeria has announced a significant adjustment to the Quick Response (QR) Code Framework.…
Fidelity Bank Takes Over Three Discos, FG Intervenes- Nigeria.
The Federal Government announced the takeover of Kano, Benin and Kaduna electricity distribution companies by…
Zenith Bank Again Maintains Position As Nigeria’s Best Commercial Bank, And Best…
Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2022;…
Bank Assets Rise By 21% To N64.32Tn – CBN
Nigerian banks’ total assets rose by N11.15tn in one year to N64.32tn as of the end of April. Figures obtained…
Nigerian adults with bank accounts hit 45% — World Bank
The number of Nigerians with accounts at regulated institutions such as a bank; credit union, microfinance…
Swiss National Bank Spent $6 Bln On Q1 FX Interventions
The Swiss National Bank spent 5.74 billion Swiss francs ($6.01 billion) on foreign currencies during the first…
UTM Offshore, Afreximbank Sign $11.4Bn Financing Deal
African Export-Import Bank has signed a financing deal with UTM Offshore Limited. This deal was signed at its 29th…
Sterling Bank Launches Ethical Investment Platform
Sterling Alternative Finance has launched an ethical investment platform called Altinvest. During the launch in…
Unity Bank Plans N10m Business Grant In Entrepreneur Initiative- Nigeria.
Unity Bank has said it will commence the eight edition of its flagship Entrepreneurial Development Initiative;…
CBN Raises Interest Rate To 13%
The Central Bank of Nigeria on Tuesday raised the interest rate to 13% for the first time in two years. The…