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Banking
Service Fees Fetch Ten Nigeria Banks 266 Billion Naira
Ten Nigerian banks made N265.96bn from account maintenance and electronic banking fees in 2020.
This is as shown…
China’s Central Bank Applies Brakes On Planned Economic Stimulus
China’s central bank policymakers pushed back Tuesday on expectations they would take aggressive measures to boost…
FCMB Gets Recognition As Best SME Bank In Africa And Nigeria – Asian Banker,…
First City Monument Bank (FCMB), has been recognised as Best SME Bank in Africa and Nigeria at the Asian Banker…
Stanbic IBTC Bank Revenue Shrinks, Profit Drops By 53%
Stanbic IBTC Holdings Plc reported a 52.85 per cent drop in its profit before tax for the first half this year amid…
Nigeria: Lotus Bank Expands With New Locations
LOTUS Bank has announced the opening of three new locations in Lagos State in a bid to expand its footprint in the…
$75m Investment Injected Into Ecobank
Ecobank Transnational Incorporated has announced the receipt of a $75m perpetual non-cumulative additional tier-1…
European Central Bank To Announce Tapering In December, Analysts Say
The European Central Bank will announce the reduction of its Covid-related stimulus in December, four analysts…
Central Bank of Nigeria Engages British fintech To Develop Digital Currency
The Central Bank of Nigeria, on Monday, announced the formal engagement of a global fintech company, Bitt Inc., as…
Nigeria: CBN States Transfer Limits As E-Naira Begins Oct 1
The Central Bank of Nigeria has announced the formal engagement of the global Fintech Company, Bitt Inc., as the…
Banks To Promote Adoption Of ENaira As CBN Mulls October 1 Pilot
Nigerian deposit money banks (DMBs) are set to market and promote the adoption of eNaira as a digital version of…
Lagos Building Investment Coy. PLC (LBIC) Records Profit, Defies Tough Operating…
—Fixes date for 16th Annual General Meeting (AGM)
The Lagos Building Investment Company Plc. (LBIC), defied the…
Nigeria: Shareholders Disagree With Securities and Exchange Commission (SEC) Over…
Shareholders of quoted companies in the country have disagreed with Securities and Exchange Commission (SEC) on the…
Naira Abusers Risk Jail Terms, Central Bank Of Nigeria Warns
The Central Bank of Nigeria (CBN) has disclosed that it is working with the Nigeria Police Force (NPF), Federal…
Central Bank Of Nigeria Moves To Strengthen Cybersecurity In Other Financial…
The Central Bank of Nigeria (CBN) yesterday moved to strengthen cyber resilience of Other Financial Institutions…
Stock Market Rebounds As Investors Gain N23bn
The equities market on the Nigerian Exchange Limited rebounded from the loss recorded on Monday with investors…
Dollar Settles Near 4-1/2 Month Highs As Risk Appetite Cools
The dollar held near a 4-1/2 month high versus a basket of major currencies on Wednesday as simmering concerns…
Markets No Longer Fear Inflation And Stocks Will Continue To Rally, HSBC says
Markets no longer fear inflation and are now focused on the spread of the delta Covid-19 variant, according to HSBC…
The Securities and Exchange Commission (SEC), African Development Bank (AfDB)…
The Securities and Exchange Commission (SEC) and African Development Bank (AfDB) have commenced the implementation…
SoftBank Unit Behind Risky Multibillion-Dollar Tech Bets Dumps Microsoft,…
SoftBank has offloaded shares of U.S. tech giants like Facebook, Microsoft, Alphabet and Netflix, according to its…
Central Bank Of Nigeria: Digital Currency Would Be Critical National…
The Central Bank of Nigeria (CBN) has said its proposed digital currency, known as e-Naira, will be treated as a…
CBN Charges Bank Customers On Their Rights, Privileges
The Central Bank of Nigeria (CBN) has charged customers of commercial banks to know their rights and…
Kuda Valued At $500 Million After Quick Series B
The Nigerian fintech company, Kuda, announced Monday it has closed a $55 million Series B funding co-led by Valar…
Bank Rate Maintained At 0.1% – August 2021
Monetary Policy Summary, August 2021
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to…
Nigeria’s Foreign Reserve Rises By $79.1 Million In July 2021
Nigeria’s foreign reserve closed the month of July 2021 at $33.4 billion, appreciating marginally by $79.1 million…
‘Investors To Exploit Opportunities In N100b Infrastructure Fund’
Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc has stated that its N100 billion…
JAIZ Bank’s Profit Grows By 70%
Jaiz Bank Plc has said its profit after tax rose by 70.1 per cent growth to N1.9bn in the first half of 2021 from…
SEC, Issuers Parley To Attract More Listings As Index Rises By 0.03%
The Director General of the Securities and Exchange Commission (SEC), Lamido Yuguda has stated that the Securities…
Banking, Industrial Stocks Drive N5bn Market Gain
The banking and industrial indices drove a N5.13bn gain for stock investors amidst negative market sentiment.…
CENTRAL BANKS Inflation Pressure To Test Bank Of England’s Patience At Key…
Economists broadly expect the Bank of England’s Monetary Policy Committee to raise its inflation forecasts on…
Treasury Yields Climb, 10-Year Rate Rises To 1.19%
U.S. Treasury yields climbed on Tuesday morning, with the 10-year rate rising to top 1.19%, despite concerns about…