Nigerian Bank Prohibits Use Of Dollar Debit Cards For Naira Transactions.
Due to the growing shortage of foreign currency in Nigeria, First Bank of Nigeria has banned international transactions; using the…
Category: Banking
CBN: RT200 Strategy Will Increase Exports Of Goods.
The CBN’s RT200 FX program intends to generate $200 billion in forex profits from non-oil proceeds over the course of…
Investors Earn N68.63 Billion In Three Top Nigerian Banks In August Despite Sell Pressure.
Despite sell pressure witnessed on the shares of some quoted companies listed on the floor of the Nigerian Exchange in…
Fidelity Bank To Acquire Union Bank UK.
Fidelity Bank Plc has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc.…
Bank Loan Defaults Cross Half A Trillion For The First Time.
Bank loan defaults have crossed the half a trillion shilling mark for the first time; setting up thousands of borrowers…
Stanbic IBTC Posts N31 Billion PAT In H1 2022.
Stanbic IBTC Holdings Plc has posted a profit of N31 billion for the first half of the year 2022; a…
Zenith Bank Announces Interim Dividend Of N0.30k For Every 50k Share Held By Shareholders.
Zenith Bank plc has announced an interim dividend of N0.30k for every share of 50k held by shareholders of the…
Anxiety In Banks As Loans To Power Sector Hit Over N800bn.
There appears to be no end sight to the woes of the power sector with economic experts expressing concerns over…
HSBC Ups Price Targets On Greek Banks, With Eurobank, Piraeus Top Picks.
HSBC raised its price targets on shares of Greece’s four largest lenders after they posted strong performances in the first…
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 positioning…
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 digital currency…
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 Masayoshi Son said, after…
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 lawsuit against his former…
UBA Appoints New GMD.
United Bank for Africa Plc announced the appointment of Oliver Alawuba as its group managing director; overseeing all the Group’s…
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 investment; from Wall Street…
CBN Vows To Stop Naira Fall- Nigeria.
The Central Bank of Nigeria has advised Nigerians to resist the urge of succumbing to speculative activities of some players in…
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 usage of eNaira for…
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 (DBSM.SI); are set to report an improvement in second-quarter net…
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…
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…
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 million…
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 successfully closed its series 7…
EXCLUSIVE Citi, Raiffeisen, Other Foreign Banks Seek Staff In Russia As They Struggle To Exit.
Russian divisions of foreign banks, such as Citi and Raiffeisen Bank International (RBIV.VI); have started looking for staff this month…
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 shares. As a step…
IFC Bets Big On Kenyan Banks.
The International Finance Corporation (IFC) is channelling billions of shillings into Kenyan small businesses and women-owned enterprises through strategic loan…
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 Personal Devices.
Bank of America (BAC.N) has set aside around $200 million for a regulatory matter connected to the unauthorized use of…
Investment Bank United Capital Reports 41% Profit Surge As Half-Year Revenue Hits N9.1 billion
Revenue for United Capital rose to N9.1 billion after a jump in earnings from fees & commission and other income…
Nigeria’s Central Bank Says Both Merchant And Consumer Can Now Present QR Codes For Payment
The Central Bank of Nigeria has announced a significant adjustment to the Quick Response (QR) Code Framework. Allowing the usage…