The Central Bank of Nigeria (CBN) has assured bank customers in the country that it would monitor commercial banks to ensure legitimate Foreign Exchange (FX) demands of customers are met. Mr Osita Nwanisobi, Acting Director, Corporate Communications, CBN, gave the assurance in a statement on Monday in Abuja. The apex bank’s assurances followed Monday’s commencement […]
Read More The Central Bank of Nigeria (CBN) has said it will start immediate refund of capital deposit to Bureaux de Change (BDC) promoters with pending applications. According to a circular signed by Ibrahim Tukur for the Director, Financial Policy and Regulation Department of the apex bank, this is in furtherance of the decision to discontinue allocation […]
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The Central Bank of Nigeria (CBN) on Monday 27, July announced immediate suspension of sale of Foreign Exchange (forex) to Bureau de Change (BDC) operators in the country. Mr Godwin Emefiele, the CBN Governor , made this announcement on Tuesday, while presenting a communique from the apex bank’s Monetary Policy Committee (MPC) meeting in Abuja. […]
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Heritage Bank Plc has been commended for its continued supports to Nigeria’s sports’ sector, especially backing the Ibadan Golf Club’s 30th anniversary event. The event that attracted dignitaries and stakeholders from various parastatals also had the presence of the Governor of Oyo State, Engr. Oluseyi Makinde and over 150 golfers who participated in the tournament […]
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Shareholders of NOVA Merchant Bank have urged the bank to continue the growth trajectory notwithstanding the current challenging macro-economic environment. They also approved the payment of N800 million as dividend for the 2020 financial year. These were among resolutions taken at the bank’s 4th Annual General Meeting in Lagos where shareholders commended the board and […]
Read More Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed that the Infrastructure Corporation of Nigeria (Infraco) Plc would commence full operation by the third quarter of the year. Emefiele said this at the investors webinar organised the Bureau of Public Enterprises, in collaboration with the Nigerian Exchange Group (NXG) and the Nigerian […]
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Shareholders of NOVA Merchant Bank have urged the bank to continue the growth trajectory notwithstanding the current challenging macro-economic environment. They also approved the payment of N800 million as dividend for the 2020 financial year. These were among resolutions taken at the bank’s 4th Annual General Meeting in Lagos where shareholders commended the board and […]
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The Managing Director and Chief Executive Officer of Heritage Bank Plc, Ifie Sekibo has said that market formation framework is the key to optimally exploit Nigeria’s precious metal and solid minerals endowments. He disclosed this during a webinar organised by the Securities and Exchange Commission (SEC) in collaboration with the Federal Ministry of Mines and […]
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All is set for the launch of “Ellevate”, a bespoke women empowerment proposition of the Ecobank Group. Ellevate is targeted at empowering women-owned, and women-focused businesses in Nigeria. Executive Director, Commercial Banking, Carol Oyedeji said the initiative which is scheduled for launch on July 7, 2021 in Lagos (Registration link https://bit.ly/3hDPHkT ), is specially designed […]
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Pan African financial Institution, United Bank for Africa (UBA) Plc has emphasized its unwavering commitment to the support of businesses and financial inclusion in Africa through its array of consumer lending products. There has been clear evidence that credit remains a major economic stimulant and growth driver; but this has been largely inaccessible to the […]
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Nigeria’s apex banking regulator, the Central Bank of Nigeria (CBN) is seeking collaboration with universities for the design of a framework for entrepreneurship development in order to arrest rising youth unemployment. The CBN Governor, Mr. Godwin Emefiele, while delivering the 51st Convocation Lecture of the University of Lagos, yesterday in Lagos, urged universities to begin […]
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Pan African financial institution, United Bank for Africa (UBA) Plc, has released its unaudited results for the first quarter ended March 31st, 2021, showing impressive double-digit growth across most of its major income lines. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver an impressive […]
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