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Banking
Brazil Central Bank Aims To Prevent 2021 Inflation From Infecting 2022
Brazil’s central bank stands ready to raise interest rates by another 75 basis points in May in order to bring…
Union Bank’s Annual Profit Rises To N25.4bn
Union Bank of Nigeria Plc has posted an increase of 2.8 per cent in its profit before tax for the 2020 financial…
Central Bank Of Nigeria Reopens N50bn Covid Loan Portal For Households, Businesses
The Central Bank of Nigeria (CBN) is receiving applications for its N50 billion targeted credit facility (TCF)…
Turkish Lira Plunges To Near Record Low After Erdogan Sacks Central Bank Chief
Turkey’s lira briefly fell 15% to near its all-time low on Monday after President Tayyip Erdogan’s shock weekend…
Citi, J.P. Morgan Hired To Coordinate Islandsbanki IPO
Iceland’s state holding company has hired Citigroup and J.P. Morgan to help coordinate Islandsbanki’s upcoming…
Greensill Creditors Made Over $1.4 Billion In Claims In Australia Meeting:…
Administrators of collapsed British supply chain financier Greensill said on Friday 34 creditors submitted claims…
Credit Suisse Execs Earn Less Following 2020 Headaches
Credit Suisse executives earned 12% less in total aggregate compensation in 2020, the bank’s annual report showed…
EXPLAINER: What The Newly-Revised USSD Service Charge Means For Bank Customers In…
The Central Bank of Nigeria (CBN) and Nigerian Communications Commission (NCC) announced on Tuesday, March 16, 2021…
Morgan Stanley Becomes First Major U.S. Bank To Offer Its Wealthy Clients Access…
Morgan Stanley has become the first big U.S. bank to offer its wealth management clients access to Bitcoin funds,…
Sterling Bank Appoints Two Directors
Sterling Bank Plc has announced the appointment of Ankala Prasad and Paritosh Tripathi as non-executive directors…
Excitement, Commendations As Zenith Bank Pays N94.2bn Dividend
Shareholders of Zenith Bank Plc yesterday approved the payment of proposed N94.19 billion dividend for the year…
Central Bank Of Nigeria Appoints KPMG Transaction Adviser For InfraCorp
The Central Bank of Nigeria (CBN) has engaged KPMG LLP as transaction adviser for the newly-created Infrastructure…
Central Bank Of Nigeria Introduces New Charges For USSD Services
The apex bank said from Tuesday customers will pay a flat fee of N6.98 per transaction every time they use USSD…
Germany’s Bafin Submits Insolvency Filing To Wind Up Greensill Bank, Court…
Germany’s financial regulator Bafin has submitted a filing to a court in Bremen to start insolvency proceedings for…
Brexit Won’t Mean Lower Capital For Insurers, Says Bank Of England
A review of rules for the insurance sector after Brexit will take time to complete, but it will not lead to any…
WTO Concerned About Nigeria’s Foreign Exchange Management –…
The World Trade Organization director-general said on Monday that the WTO was concerned about Nigeria's foreign…
USSD Disconnection: Emefiele, Pantami, Danbatta Meet Banks, Telcos Today
Governor of Central Bank of Nigeria, Godwin Emefiele, Minister of Communications, Dr Isa Pantami, and the Executive…
Nigeria’s NNPC, Accounting For Unremitted N4 Trillion Funds
A storm of controversy is raging again over the unremitted funds by the revenue-generating public…
Indian Tycoon Gautam Adani Makes Record $16.2 Billion In Pandemic Year
Indian tycoon Gautam Adani has added more billions to his wealth than any one else in the world this year.
The…
Manufacturers Unable To Access Central Bank Of Nigeria’s N1tn Stimulus…
The Manufacturers Association of Nigeria has lamented the difficulty in accessing the Central Bank’s N1tn COVID-19…
Deutsche Bank 2020 Bonuses Jump 29% As Bank Turns Profit
Deutsche Bank paid 29% more in bonuses for the past year, the lender said on Friday, rewarding staff for a pandemic…
Nigerian Banks To Stop “Instant Completion” For Forex Transfers Online
Commercial Banks in Nigeria are informing customers that they can no longer make instant online transfers out…
Central Bank Of Nigeria’s NIRSAL Reopens Portal For MSMEs, Individuals To Access…
The Central Bank of Nigeria (CBN), through NIRSAL Microfinance Bank, has reopened its portal for Micro Small and…
Two Out Of Five Bank Workers Are Contract Staff – NBS
Two out of every five people working in Nigerian banks are contract staff, analysis of data provided by the…
FCMB Introduces Paperless And Cardless Transactions At Branches, ATMs And POS…
Customers of First City Monument Bank (FCMB) can now seamlessly carry out an array of transactions with just their…
Japan Picks Nomura Asset CEO To Join Central Bank Board
Nakagawa would join a Bank of Japan (BOJ) board split between members who see more room to ramp up stimulus, and…
Banks Woo Customers With New Central Bank Of Nigeria ‘Naira-4-Dollar’ Policy
Deposit Money Banks on Sunday started wooing customers ahead of the commencement of the latest ‘Naira-for-Dollar’…
Breakdown Of Modalities To The New Central Bank Diaspora Forex Remittances
In what appears to be an attempt to incentivize dollar remittances by all means possible, the Central Bank of…
Central Bank Of Nigeria Introduces ‘Naira 4 Dollar Scheme’ For Diaspora…
The Central Bank of Nigeria (CBN) has announced the introduction of “CBN Naira 4 Dollar Scheme”, an incentive for…
Manufacturing Firms Borrowed N570bn From Banks In 2020 – CBN
Manufacturing firms borrowed a total of N570bn from Nigerian banks last year amid the economic fallout of the…