Nigeria to gets $296,143 dividend from IDB for 2016

The Nigerian Government is to receive $296,143 as dividend from the profit earned by the Islamic Development Bank for the 2016 financial period.The development was...

MPC meeting begins today, CBN may maintain status quo

Amid the Central Bank of Nigeria’s two-day bi-monthly Monetary Policy meeting held today in Abuja, economic experts and analysts have said the committee is expected...

Bank charges on alerts, withdrawal others hits ₦138 billion

Bank customers paid ₦138 billion as electronic payment charges in 2016 to the top ten banks in the country. This represented 26 per cent...

FG seeks help from Islamic bank to fund Economic Recovery Plan

The Federal Government has appealed to the Islamic Development Bank (IsDB) to help fund the current administration’s Economic Recovery and Growth Plan (ERGP). Of...

CBN lists 36 items valid for foreign exchange

The Central Bank of Nigeria yesterday released list of 36 items valid for access to foreign exchange in the foreign exchange market.In a circular...

Heritage bank promotes cashless policy literacy for children’s financial freedom.

Part of efforts to further deepen the Central Bank of Nigeria’s cashless policy was the Heritage Bank Plc, calls for early lessons for teens on how...

CBN’s $4 billion intervention fund bridges gap between official & black...

Gap between the official and black market rates is shrinking - courtesy of the Central Bank of Nigeria (CBN), which has pumped over $4...

Access Bank, Ecobank, Sterling, Zenith win Deutsche Bank excellence award

Global banking and financial services company with headquarters in Frankfurt, Deutsche Bank AG, has bestowed on Ecobank Nigeria Limited, Access Bank, Sterling Bank Plc,...

Senate probes banks over $62.909bn capital flight by IOCs

The Senate joint committee on Finance, Trade and Investment, Gas, Petroleum Upstream, Banking, insurance and other Financial Institutions, Judiciary, Human Rights and Legal Matters,...

FMDQ approves Stanbic IBTC’s N20bn commercial paper

The FMDQ OTC Securities Exchange Board’s Listings, Markets and Technology Committee has approved the registration of the Stanbic IBTC Holdings Plc N20bn Commercial Paper...

Experts urges CBN to penalise Banks violating FX rules

The Central Bank of Nigeria (CBN) has been called upon by stakeholders to penalise banks violating its rules on foreign exchange (forex) transactions.More than...

Wema Bank announces 14.10 per cent increase at AGM

Wema Bank Wednesday held its Annual General Meeting (AGM) where its financial report for the year ending December 31, 2016 was presented to shareholders.The...

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