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Banking
Bank Of Canada Brushes Off Temporary Spike In Inflation
Bank of Canada policy makers aren’t worried about the recent run up of inflation they believe is being driven…
Ahead Of Next Treasury Bills Auction Scheduled For 9th Of June 2021
The Central Bank of Nigeria (CBN) will hold a Treasury Bills (T-Bills) Primary Market Auction (PMA) on the 9 th of…
Money Market Funds See More Inflows As Banking Reserves Surge
Money market funds and equities saw almost similar inflows, BofA’s latest fund flow statistics showed on Friday, in…
Bankers Dare EFCC, Say We’re Not Afraid To Declare Assets
The National Union of Banks, Insurance and Financial institutions has said its members are not afraid to declare…
Nigerian Banks Lend To Customers At Higher Rate Despite Cheap Funds
Nigerian banks access low cost funds from individual/corporate deposits, interventions from the Central Bank and…
China State Banks Buy Dollars To Curb Rapid Yuan Rally -Sources
China’s major state-owned banks were seen buying U.S. dollars at around 6.4 yuan per dollar level on Tuesday…
12 Nigerian Banks Lend Customers N690bn In Three Months
The combined loan portfolio of 12 commercial banks in Nigeria rose by N690bn in the first three months of this…
Pound Steadies Below $1.42, BoE Speakers In Focus
Britain's pound held within recent ranges on Monday, trading just shy of $1.42 as analysts set their eyes on an…
Sterling Shrugs At Rising Inflation, Hovers Below $1.42
Sterling turned slightly lower against a recovering dollar and hit its lowest in more than a week against the euro …
EM’s Worst Bond Rout Far From Over As Nigeria Fights Inflation
The emerging world’s worst bond rout isn’t over yet as elevated inflation and dwindling liquidity concerns keep…
Banks Consume More Energy Than Bitcoin – Report
A report by Galaxy ‘On Bitcoin’s energy consumption’ has revealed that traditional banks use more energy than…
NCC Urges Banks, Others On Bankability Of IP Assets
Accepting Intellectual Property (IP) as collateral assets will go a long way to support Small and Medium-Sized…
Banks Electronic Transfers Hit N356.47tr
The National Bureau of Statistics (NBS) yesterday said in the Fourth Quarter (Q4) 2020, total transactions recorded…
Bank Of England Joins Global Peers Exploring A Digital Currency
Britain’s Treasury and the Bank of England are weighing the potential creation of a central bank…
UK Banks Launch 95% Mortgages: Everything You Need To Know
A new government-backed mortgage scheme has launched in the UK which will help first-time buyers, or current…
Sterling Bank Launches Mobile POS Solution
Sterling Bank Plc has launched a product called ‘OnePay for Business’, a mobile app that empowers merchants to use…
U.S. Banks Deploy AI To Monitor Customers, Workers Amid Tech Backlash
Several U.S. banks have started deploying camera software that can analyze customer preferences, monitor workers…
China NDRC Approves 16 Fixed-Asset Investment Projects Worth $6.96 bln In Q1
China's state planner said on Monday that it approved 16 fixed-asset investment projects worth a total of 45.4…
Goldman Sachs Invests $69 Million In Britain’s Starling Bank
British digital bank Starling said on Monday that Goldman Sachs (GS.N) had invested 50 million pounds ($69 million)…
Make Us Pay Agents For Diaspora Remittances – BDC Operators Tell Central Bank Of…
The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to…
Experts Fault CBN Gov, NESG Says N60bn Printing Not Sustainable
A former Deputy Governor of the Central Bank of Nigeria, Dr Obadiah Mailafia, and a professor of Political…
Senate Queries FMBN Over N14bn Payment On Legacy Estate
The Senate Public Accounts Committee has sustained the query issued to the Federal Mortgage Bank of Nigeria by the…
Investor Group Calls For Banks To Set Tougher Climate Targets
A group of investors managing $11 trillion in assets has called on banks to set tougher emissions targets ahead of…
Govt Begins Commercialisation Of Federal Mortgage Bank
The Federal Government on Thursday announced that it had commenced the process for the full commercialisation of…
Printed N60bn: Central Bank Nigeria Faults Obaseki, Governor Maintains Stand
The Edo State Governor, Mr Godwin Obaseki, has urged the Federal Government to take urgent steps to end the current…
Russian Rouble Tumbles As Imminent Threat Of U.S. Sanctions Resurfaces
The Russian rouble was down about 1.3% against the dollar after earlier losing 2% on Thursday, giving up gains made…
JPMorgan Profit Leaps After Reserve Release Boost
-JPMorgan Chase & Co’s earnings jumped almost 400% in the first quarter, blowing past estimates as the largest…
Central Bank Of Nigeria To Expand Borrowers’ Database, Orders Banks To Register On…
The Central Bank of Nigeria (CBN) has asked all development finance institutions (DFIs), microfinance banks (MFBs),…
First Bank To Create Awareness On Digital Safety
First Bank of Nigeria Limited said it will sensitise individuals and businesses with useful information on how to…
UBA Business Series To Equip SMEs With Performance Management Strategies For…
As part of its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises…