Mastercard, Rivals ‘Ran Cartel’ On Cards For The Vulnerable, UK Watchdog Says
-Mastercard is among five companies which broke the law for cartel behaviour when offering pre-paid cards to vulnerable members of…
Category: Banking
NEXIM, Afreximbank Mobilise $50m Funding For SMEs
The Nigerian Export-Import Bank has announced its partnership with African Export-Import Bank to mobilise the sum of $50m to support…
PayPal To Let US Users Pay With Bitcoin, Ethereum, Litecoin From Today
Online payment app PayPal has announced US customers can make payments with its “Checkout with Crypto” feature, rolling out today.…
Fact Check: Did Buhari Promise To Make N1 Equal $1?
Presidential media adviser Femi Adesina on Sunday reopened an old debate as to whether President Muhammadu Buhari ever made a…
Senate Gives CBN Governor 72 Hours Ultimatum To Appear Over ‘Missing $9.5 Million
The Senate has given the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, an ultimatum of seventy-two hours to…
Microfinance Bank Expands Accessibility
Advans La Fayette Microfinance Bank, an international microfinance institution, has expanded its presence in Nigeria by launching a new Lagos…
After Firing Turkey’s Cenbank Chief, Erdogan Also Removes Deputy
President Tayyip Erdogan removed a central bank deputy governor, Murat Cetinkaya, from his post on Tuesday, 10 days after he…
Lagos Accounts For 12.15% As States Debts Hit N4.2tn
The total states and Federal Capital Territory domestic debt profile hit N4.2tn with Lagos State accounting for 12.15 per cent…
China Bonds Set For Billions Of Inflows After Final FTSE WGBI Nod
Index provider FTSE Russell gave final approval on Monday for inclusion of Chinese sovereign bonds in its flagship bond index,…
Visa Moves To Allow Payment Settlements Using Cryptocurrency
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its…
Banks Warn On Losses After Archegos Capital Stock Unwind
Nomura and Credit Suisse warned on Monday they were facing significant losses after a U.S. hedge fund, named by sources…
Bank Of England Urges Banks To Keep The Lending Taps Open
The Bank of England called on lenders on Friday to provide enough credit to companies to see them through the…
Dollar Holds Advantage On Economic Optimism, Euro Looks Vulnerable
The dollar traded near multi-month highs against most major currencies on Friday, supported by a wave of optimism due to…
BOJ Forms Panel To Help Guide Central Bank Digital Currency Experiment
Set to begin experimenting in how to operate a central bank digital currency, the Bank of Japan said on Friday…
Deutsche Bank CEO Willing To Give Up Investment Bank Oversight Role
Christian Sewing, chief executive officer of Deutsche Bank, is willing to give up his role overseeing the investment bank in…
ECB Seeks To Allay German Misgivings About Digital Euro
The European Central Bank sought on Thursday to allay misgivings in Germany about the launch of a digital euro, saying…
Bank Of England Unveils New Banknote Celebrating WW2 Code-Breaker Turing
The Bank of England unveiled the design of a new banknote celebrating mathematician Alan Turing, who helped Britain win World…
Westpac Could Lead Australian Exit From New Zealand Banking
Westpac Banking Corp’s potential spin-off of its New Zealand unit due to tighter regulation could see some of the other…
Sterling Dips As UK Vaccination Drive Faces Bump In The Road
Sterling fell on Wednesday after the European Union raised the prospect of blocking COVID-19 vaccine shipments to countries, such as…
Bank Of Canada Sees More Investor Activity, Flipping In Housing -Deputy Governor
The Bank of Canada is seeing evidence of investor activity and “a lot more flipping” in some Canadian housing markets…
We Disburse $80m Weekly For School Fees, BTAs – Emefiele
In view of the lingering foreign exchange scarcity in the country, the Central Bank of Nigeria has urged Nigerians not…
Report Banks Hoarding Forex – Central Bank Of Nigeria Tells Nigerians
In view of the lingering foreign exchange scarcity in the country, the Central Bank of Nigeria has urged Nigerians not…
Bank Lending To Fossil Fuel Industry Down 9% In COVID-Hit Year
– The world’s biggest banks cut lending to fossil fuel firms by 9% in 2020 as a result of the…
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…
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) aimed at supporting…
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 ousting of…
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 initial public offering (IPO), it…
Greensill Creditors Made Over $1.4 Billion In Claims In Australia Meeting: Administrator
Administrators of collapsed British supply chain financier Greensill said on Friday 34 creditors submitted claims of more than A$1.75 billion…
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 on Thursday, as…