Deutsche Bank And Mastercard To Deepen Cooperation On Payments
Deutsche Bank and Mastercard said on Wednesday they would deepen their collaboration as the German lender aims for a greater…
Category: Banking
Savers Hunt For Higher Returns Outside Banks
Currency outside the banking system has in the past 10 years risen by over one hundred percent (100.40%), an indication…
Hike In Rates May Mark End To Cheap Consumer Credit
It was a Saturday morning when Olarika Abioye (not real name) got an unexpected message from her bank, Guaranty Trust…
Former BOJ Executive Calls For ‘Genuine’ Review Of Central Bank Stimulus
The Bank of Japan must abandon the view it can influence public perceptions with monetary policy and conduct a “genuine”…
Lloyds Profits Fall As It Targets Wealth Push
Lloyds Banking Group reported a sharp fall in profits for 2020 but resumed paying a dividend, as outgoing CEO António…
Exclusive: Top Banks Asked To Justify Why They Still Clear Euro Swaps In London
Europe’s top banks must justify why they should not have to shift clearing of euro-denominated derivatives worth billions of euros…
Exclusive: South African Upstart Bank Teams Up With JG Summit To Expand Into Philippines
South African digital bank Tyme has raised $110 million in private capital and linked up with JG Summit, one of…
Jack Ma’s Ant Group Was The Next Big Thing. Now It May Become Just A Boring Bank
ack Ma’s Ant Group quickly became one of China’s most powerful companies, and its plans for bridging the worlds of tech and…
Nigerian Banks Turning Female Marketers To Sexual Slaves – Senator
The Nigerian Senate, on Thursday, considered a bill seeking to stop employers in the private and public sectors from engaging…
Central Bank ‘Punch Bowl’ Still Brimming For Markets
Central bank support for pandemic-hit economies looks to endure well past the recovery in output, leaving investors little option but…
Credit Suisse Targets Lending Volume After Better-Than-Expected Fourth-Quarter Loss
Credit Suisse on Thursday said it plans to up lending volume and capitalise on a boom in share listings, to…
Africa Leads Global Mobile Money Growth With 46 Percent
There are about one billion mobile money accounts globally, according to latest report by cybersecurity giants, Kerspersky. These accounts, the…
Analysis: Europe Braces For Pandemic Reality To Hit Banks
Unpaid debt from pandemic-stricken borrowers has ravaged profits at Europe’s big banks and kick-started a debate among politicians about whether…
Bitcoin’s Record Price Unsustainable Without Lower Volatility: JPMorgan
Bitcoin’s charge to a record north of $50,000 isn’t sustainable unless the cryptocurrency’s price swings cool down quickly, JPMorgan analysts…
Dollar Hits Five-Month High Against Yen As Inflation Talk Boost U.S. Yields
The dollar held the upper hand against low-yielding currencies on Wednesday, hitting a five-month high against the yen as U.S.…
Column: Central Bank Digi Cash Spooking Shadow Economy To Crypto
If central bank digital cash is to rapidly replace banknotes, a shadow economy worth trillions of dollars may creep deeper…
Uncompleted Projects: Senate Chides DPR For Paying N1.8bn
The Senate Committee on Ethics, Privileges and Public Petitions has faulted the alleged payment of N1.8bn by the Department of…
The Nigerian Banking Sector Lost N5bn To Fraud In Nine Months, Says NIBSS
The Nigeria Inter-Bank Settlement System Plc has said that more than N5bn was lost as a result of fraud in…
Olam, BAT, Eight Others Earned $100m From Exports – Central Bank Of Nigeria
Top 10 exporters in the country exported non-oil goods worth $100.88m in November, according to the Central Bank of Nigeria.…
Okonjo-Iweala, Mo Ibrahim, Adesina Headline Ehingbeti As Summit Opens Tuesday
Notable business leaders and political figures across the globe will be joining the private sector in setting agenda for Lagos…
Mastercard Brings Crypto Onto Its Network
Whatever your opinions on cryptocurrencies — from a dyed-in-wool fanatic to utter skeptic — the fact remains that these digital…
Access, GT Banks Close Accounts Of Cryptocurrency Traders
The CBN had on February 5 directed banks to close the accounts of those involved in cryptocurrency transactions in their…
Buhari Approves Take-Off Of Trillion Naira Company Infra-Co
President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial…
Access Bank Nigeria Gets Sustainability Certification
As the sustainability leader in Africa, Access Bank PLC was invited to participate in the Sustainability Certification under the Sustainability…
A Nigerian Bank Stanbic IBTC Announces key Executive Appointments
Stanbic IBTC Holdings PLC said it had made major executive appointments across its units in an attempt to bolster its…
‘Ok To Feel Overwhelmed’: Banks Tackle Burnout Inflamed By Virus
From a burned-out bank boss to call centre workers isolated at home, the financial sector is suffering a surge in…
Russian Rouble Falls Ahead Of Central Bank Rate Decision
The Russian rouble weakened on Friday, pressured by lingering geopolitical concerns about Moscow’s relations with the West, as the market…
Ecobank Of Nigeria Appoints New Director
Pan-African banking conglomerate, Ecobank Transnational Incorporated, has announced the appointment of an independent of non-executive director, Hervé S. Assah. Mr…
Ecobank Of Nigeria Allows Money Transfer Through SMS, WhatsApp
Ecobank Nigeria has said its customers are now able to transfer funds by email, SMS and WhatsApp with the new…
Dollar Steadies After Soft U.S. Inflation, Dovish Fed
The dollar fell during a quiet Asian session on Thursday, after softer-than-expected U.S. inflation data for January and a reiteration…