UBA Plc, one of Nigeria’s leading banks denied it was sitting tight on $530million belonging to the Federal Government, part of its $2.1billion dividend from the Nigerian Liquefied Natural Gas Company (NLNG). The bank said it has remitted all dollar deposits belonging to the Nigerian national Petroleum Corporation (NNPC) into the Single Treasury Account (TSA) […]
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The board of First Bank Holding Company has approved the appointment of Mr. Patrick Iyamabo as the new Chief Financial Officer (CFO) for its subsidiary, First Bank of Nigeria Limited subject to the approval of the Central Bank of Nigeria. Mr. Patrick Iyamabo will be assuming the CFO role which was hitherto held by Dr. […]
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Finance minister Kemi Adeosun has called on the Islamic Development Bank (IDB) to support Nigeria in rebuilding the North Eastern part of the country ravaged by Boko Haram. She made the appeal on Monday in Abuja at the inauguration of the IDB Country Gateway office. Adeosun said that Nigeria was striving towards attaining the Sustainable […]
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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 empowering young graduates. The bank had recently kicked off a phase of the initiative with the invitation of over 1500 applicants for a training workshop. This according to the bank’s Divisional […]
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Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has been appointed as the president of the Association of African Central Bank governors (AACB) for the 2016- 2017 year, according to a communiqué issued on Friday in Abuja at the end of the 39th Ordinary meeting of the Assembly of Governors of the […]
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Foremost banking institution, Guaranty Trust Bank plc on Wednesday announced that it released its audited financial results for the half year period ended June 30, 2016 to the Nigerian and London Stock Exchanges. The results published at the Nigerian Stock Exchange (NSE) for investors and shareholders showed gross earnings for the period grew by 37% […]
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Four banks were on Thursday named in the alleged cash withdrawal of over five billion naira belonging to the Katsina State Subsidy Reinvestment and Empowerment Programme during the tenure of former Governor Shehu Shema. They are Sterling Bank, FCMB, First Bank Plc and Fidelity bank. The allegation was made during the continuation of the sitting […]
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The board of Pan African Bank, Ecobank Transnational Incorporated plc (ETI) has finally recognised the role its former chairman, Kolapo Lawson played in projecting the bank’s good corporate governance principles through whistle blowing. In 2013, the Ecobank Group was plunged into what was generally perceived as governance crisis. In order to ensure that the Ecobank […]
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A newly-licensed regional bank, SunTrust Bank (STB) Limited, commenced operations on Wednesday with a pledge to give customers an edge through technology-driven services. The bank’s Chief Executive Officer (CEO), Mr. Muhammad Jibrin, said the bank was the first to be issued fresh licence by the Central Bank of Nigeria (CBN) since 2001, stating that STB […]
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The Central Bank of Nigeria (CBN) has advised customers and other stakeholders of Skye Bank to disregard any message suggesting a liquidation of the bank. According to the Acting Director, Communications, Mr Isaac Okorafor, malicious messages are making the rounds suggesting that the bank is distressed or has been liquidated by the CBN. “The CBN […]
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Transactions at the Nigerian Stock Exchange yesterday showed that investors interest in Access Bank Plc and United Bank for Africa Plc shares raised the All-Share Index of the Exchange by 48.23 points to 27,437.25 from the 27,389.02 of the previous day. Consequently, Access Bank emerged the top traded stock by volume with 65.98million shares worth […]
Read More The Central Bank Governor Mr. Godwin Emefiele , has said that the apex bank took the best monetary policy option in addressing the current economic challenges facing the country. He also said that unless Nigerians embrace fully the concept of diversification, the country would not be able to generate enough foreign exchange to cushion the […]
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