Banks’ CEOs Summon Emergency Meeting Over BDCs’ Forex Ban
Bank Chief Executive Officers on Thursday, held an emergency meeting on how to ensure compliance with the new forex directive…
Category: Banking
Bears Resurface On NGX, Indices Down By 0.12%
Sentiments on the domestic bourse turned negative on Tuesday to halt the five consecutive days of gains, as the Central…
Banks’ Credit To Economy Hit N24.23tn, Says CBN
The total credit from the banking sector to the economy rose to N24.23tn as of the end of May, the…
U.S Federal Reserve Facing Twin Inflation, Growth Risks As Virus Jumps And Supply Chains Falter
U.S. Federal Reserve divided over how to respond to fast-rising prices meets this week with the fresh complication of increased…
Africa-Focused Credit Fund, BluePeak, Hits The First Close Of Its Maiden $200 million Credit Fund
Africa-focussed alternative asset management firm BluePeak Private Capital has hit the first close of its maiden $200 million credit fund,…
FCMB Limited Appoints Mrs. Oluwatoyin Olaiya As Executive DIrector, RIsk & Compliance
The Board of Directors of First City Monument Bank Limited (the Bank) have announced the appointment of Mrs. OluwatoyinOlaiya as…
Banks To Remain Resilient Despite Inflation, Currency Headwinds’
Vetiva Research has predicted that the banking sector will remain resilient despite high inflation and currency headwinds, projecting that banks’…
Bank Of England’s Andy Haldane Warns Of Inflation Rises
The Bank of England’s outgoing chief economist has warned that inflation could rise by more than expected and force the…
CBN May Nationalise Ailing Unity Bank As Talks With Investors Fail
The Central Bank of Nigeria (CBN) may nationalise ailing Unity Bank Plc over its troubled and unhealthy state, in its…
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 largely…
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…
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 a puzzling…
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 their assets…
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 development finance institutions but lend…
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 afternoon, four…
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 on Wednesday, after data…
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 investors wary of…
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 Bitcoin. Last week,…
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 Enterprises (SMEs) in…
Banks Electronic Transfers Hit N356.47tr
The National Bureau of Statistics (NBS) yesterday said in the Fourth Quarter (Q4) 2020, total transactions recorded through Electronic Payment…
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 digital currency, joining…
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 homeowners, secure a…
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 their…
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 and spot people sleeping near…
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 billion yuan…
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) in the UK lender.…
Make Us Pay Agents For Diaspora Remittances – BDC Operators Tell Central Bank Of Nigeria
The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to make…
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 Economy, Pat…