Debate over AMCON sale of Keystone Bank to Sigma

What manner of sale?When the Asset Management Corporation of Nigeria (AMCON) announced the sale of Keystone Bank to Sigma Golf Nigeria Limited and Riverbank...

Stanbic IBTC win two at the Global Private Bank award

Stanbic IBTC Bank, a member of the Standard Bank Group, has won two awards at the Global Private Banking Awards for 2016 by Professional...

Pension Managers mulls support for micro pension scheme

Management of the Stanbic IBTC Pension Managers Limited, a member of Stanbic IBTC Holdings PLC, has drum up support for the proposed micro pension...

FBN plans to broaden insurance business in Nigeria

FBN Insurance Limited, an FBN Holdings company associated with the Sanlam Group SA, says it is committed to taking insurance to the nooks and...

CBN orders freezing of company accounts masking as individuals

The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) in the country, to freeze accounts of companies “masqurading” as individuals for...

UBA affirms subsidiaries’ contributions to profits

Foremost African banking institution, United Bank for Africa has said the bank’s African subsidiaries contributed 25 per cent of the group’s profit and account...

UBA grows profit 7%, N62bn in Nine Months

Leveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (“UBA” or “the Bank”), announced its unaudited Third Quarter Financial Results, showing...

Rate convergence likely over CBN’s dollar supplies

The ongoing weekly dollar supplies by the Central Bank of Nigeria (CBN) at the interbank market are expected to facilitate exchange rate convergence in...

CBN lists sanctions against banks over power intervention fund

The Central Bank of Nigeria (CBN) listed out sanctions to Deposit Money Banks participating in the disbursement of the N213bn Nigeria Electricity Market Stabilisation...

Fitch affirms UBA’s viability rating as Agusto upgrades rating to “Aa”

-as UBA stock now best performing on the exchange Fitch International, one of the foremost global rating agencies has affirmed United Bank for Africa (UBA)...

CBN order banks to check illicit remittances

The Central Bank of Nigeria (CBN) has directed commercial banks to conduct Know Your Customers’ Businesses (KYCB) to ensure customers do not transact illegal...

FCMB funds eye surgeries in three states

The annual First City Monument Bank (FCMB)’s sponsored free eye screening and cataract surgery programme known as, Priceless Gift of Sight, has commenced in...

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