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Banking
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…
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 the…
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…
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…
Mastercard Brings Crypto Onto Its Network
Whatever your opinions on cryptocurrencies — from a dyed-in-wool fanatic to utter skeptic — the fact remains…
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…
Buhari Approves Take-Off Of Trillion Naira Company Infra-Co
President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure…
Access Bank Nigeria Gets Sustainability Certification
As the sustainability leader in Africa, Access Bank PLC was invited to participate in 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…
‘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…
Ecobank Of Nigeria Appoints New Director
Pan-African banking conglomerate, Ecobank Transnational Incorporated, has announced the appointment of an…
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…
Commerzbank Posts $3.3 Billion Fourth-Quarter Loss Amid Major Restructuring
Germany’s Commerzbank said on Thursday its net loss deepened to $3.3 billion in the fourth quarter, as the lender…
Analysis: Merkel’s Vote Of Confidence In Deutsche Bank Belies Lender’s…
Angela Merkel will give a welcome speech at Deutsche Bank’s annual New Year reception on Thursday, marking a rare…
Philippine Cbank keeps key Rate At Record Low, As Expected
The Philippine central bank left key interest rates steady on Thursday, as expected, saying current monetary policy…
Mastercard To Open Up Network To Select Cryptocurrencies
Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this…
Manufacturers Lament Hardship, Demand Policy Review On Forex Allocation
Manufactures in Nigeria have asked the Central Bank of Nigeria (CBN) to review policies around the allocation of…
European Markets Mixed As Traders Digest Earnings News; Maersk Down 7%
European stocks were mixed Wednesday as traders digested a slew of new corporate earnings.
The pan-European …
Europol: 10 Held For Alleged $100m Cryptocurrency Theft From Celebs, Others
Europol, the European police agency, said on Wednesday it had assisted in the arrest of 10 hackers suspected of…
Musk’s Bitcoin Bet Fuels Gains In Companies Already Invested
The Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are…
Goldman Sachs Boosts U.S. GDP Estimate, Sees COVID Relief At $1.5 Trillion
Economists at Goldman Sachs Group Inc on Monday bumped their U.S. GDP forecast for the second quarter up to 11%…
Banks Begin Closure Of Cryptocurrency Accounts
The cryptocurrency traders have commenced offline operations outside approved exchange platforms following the…
Why Main Street banks Are Doing Better Than Wall Street Firms
If you are looking for another sign that the economy is rebounding and that average Americans are finally…
Stocks, Oil Rise In Asia After U.S. Records, Dollar Weakens
Asian stock markets rose on Tuesday after a record-setting day on Wall Street, while bitcoin paused for breath…
Nigeria’s Security and Exchange Commission Recognises Cryptocurrencies,…
A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has faulted the recent action of the…
Why We Banned Cryptocurrency Trading In Nigeria – CBN
Transactions in cryptocurrencies are largely speculative, volatile and should be discouraged, the Central Bank of…
Dollar Nurses Losses As U.S. Economic Doubts Undercut Rally
The dollar nursed losses against most currencies on Monday as disappointing U.S. jobs data caused some investors to…
Asian Shares, Oil Buoyant On Economic Revival Hopes
Asian shares hovered near record highs on Monday while oil surpassed $60 a barrel on hopes a $1.9 trillion COVID-19…