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 Auditor…
Category: Banking
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 the Federal Mortgage…
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 U.S. bank…
Central Bank Of Nigeria To Expand Borrowers’ Database, Orders Banks To Register On Credit Management System
The Central Bank of Nigeria (CBN) has asked all development finance institutions (DFIs), microfinance banks (MFBs), primary mortgage banks (PMBs)…
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 be protected…
UBA Business Series To Equip SMEs With Performance Management Strategies For Organisational Growth
As part of its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSME) in the…
Manufacturing Sector Intervention Fund Now N803bn –CBN
Manufacturing sector’s intervention funds disbursed by the Central Bank rose to N803bn as of February. Figures obtained from the CBN…
Ecobank Appoints New Head Of Corporate Banking
Ecobank Transnational Incorporated, parent company of the Ecobank Group, has announced the appointment of Akin Dada as the new Executive…
New Zealand Bill Would Require Banks To Disclose Climate Risks, In A World First
New Zealand is set to consider legislation that would require banks, insurers and asset managers to disclose the impacts of climate…
A $9 Million Boss? UniCredit Investors To Decide How Much Orcel Is Worth
Investors are due to approve Andrea Orcel’s appointment as chief executive of UniCredit on Thursday, but the issue that scuppered…
Coinbase Listing Marks Latest Step In Crypto’s March To The Mainstream
Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the…
JPMorgan Downgrades Emerging Market Currencies To ‘Underweight’
Investment bank JPMorgan recommended selling emerging market currencies on Tuesday, completing a 180-degree pivot from the start of the year…
We’re Not Aware Of Currency Printing – Finance Ministry, Central Bank Of Nigeria
The Central Bank of Nigeria had denied knowledge of claim that Nigeria printed billions of naira last month to cushion…
Revealed! Real Reason Segun Agbaje Will Not Handover GTB to A Woman
The tussle for who succeeds Segun Agbaje as the Group Managing Director/Chief Executive Officer of Guaranty Trust Bank has reached…
HSBC And Huawei CFO Reach Agreement On Document Publication Linked To Extradition Case
HSBC and Huawei Technologies’ Chief Financial Officer Meng Wanzhou have reached an agreement in a dispute about the publication of…
Court Grants Permission To Serve Processes On ETI Abroad
The stage may have been set for a showdown between Ecobank Transnational Inc (ETI) and one of its former senior…
Rising Debt: DMO Blames COVID-19, Experts Say Borrowing From Central Bank Nigeria Dangerous
Nigeria’s debt profile has been on the increase because of the impact of revenue crash and the crises trailing the…
GTBank Shareholders Endorse N3.00 Total Dividend For 2020, Applaud Agbaje’s Leadership
Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend of N3.00…
Central Bank Nigeria Freezes Another 194 Accounts Of Firms, BDCs, Others
The Central Bank of Nigeria on Thursday said it got orders from the Federal High Court, Abuja division, to freeze…
Jaiz Bank’s Profit Rises By 45%
Jaiz Bank Plc, a non-interest bank in Nigeria, said its profit before tax rose by 45.31 per cent to N3.07bn…
World Bank To Address Nigeria, Poor Countries’ Debt Overhang
The President, World Bank Group, Mr David Malpass, said the group is working actively in collaboration with the International Monetary…
Central Bank Nigeria Freezes 11 Bank Accounts
The Central Bank of Nigeria on Wednesday said it got an order from the Federal High Court, Abuja division, to…
Sweden To Bring In Banks In Next Stage Of E-Krona Project
Sweden’s central bank will bring in banks in the coming year to test how its proposed digital currency – the…
NIRSAL Recovers 51 Per Cent Of Legacy Loans
The Managing Director, Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) Aliyu Abdulhameed has recovered 51 per cent…
Dollar Drops With U.S. Yields Despite Strengthening U.S. Recovery
The dollar sank to an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with…
Dollar Hits One-Year High On Recovery Bets, Yields Lend Support
The dollar hit a one-year high versus the yen and multi-month peaks with other currencies on Wednesday as investors bet…
H&M Slips To Loss, Pledges To Rebuild Trust In China After Backlash
H&M reported a quarterly loss on Wednesday and said that it was dedicated to regaining the trust of shoppers in…