First Bank dismisses involvement in alleged N11.2b fraud in NPA

First Bank of Nigeria at the weekend absolves itself of any involvement in the alleged N11.2 billion fraud at Nigerian Ports Authority (NPA). This came...

Access Bank: Shareholders approve 40kobo final dividend

The shareholders of Access Bank Plc unanimously approved the 40 kobo final dividend proposed by the Board of the bank for 2016, having paid...

Bank directors owe N740b, says NDIC chief

Bank directors owe commercial banks N740 billion, representing 40 per cent of N18.3 trillion non-performing loans in the banking industry, NDIC Managing Director/Chief Executive...

Development Bank of Nigeria get licenced

Development Bank of Nigeria Plc (DBN) light brightened yesterday as the Central Bank of Nigeria (CBN) approved the grant of a Wholesale Development Finance...

2016 Budget: Nigeria begs for rapid approval of $1bn loan from...

The Federal Government has appealed to the African Development Bank to rapidly approve the $1bn loan facility it promised as support for the implementation of...

Heritage Bank empowers youths on SMEs ownership

Heritage Bank has strengthened its partnership with the Central Bank of Nigeria, CBN in the N3 billion Youth Innovative Entrepreneurship Development Programme, YIEDP aimed at...

‘We will ensure FX speculators lose money’ – Emefiele

Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, attributed the pressures on exchange rate in the parallel market to illegal and criminal...

Heritage Bank denies involvement in NPA’s N11.2bn fraud

Facts have emerged absolving Heritage Bank Plc of any involvement in the alleged N11.2billion fraud perpetrated at the Nigerian Port Authority, as an investor...

‘Pension Managers assets hit N2 trillion’

Stanbic IBTC Pension Managers Ltd,(SIPML) assets in the last 10 years hit close to two trillion naira. This statement was made by Mr Eric Fajemisin, the...

Nigeria central Bank order workers to declare assets

The move analysts saw the above title as expansion of anti-corruption crusade to the private sector especially the Banking industry as the order direct all...

‘Naira devaluation negatively affecting banks, financial institutions’

By: Bisola Adeola,Mr. Demola Banu, a Kwara State Commissioner for Finance, has said the continued depreciation of Naira is negatively affecting banks, other financial institutions...

World Bank, New Development Bank sign MoU

The New Development Bank (NDB) set up by the BRICS nations and the World Bank group have signed a memorandum of understanding to strengthen...

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