Bank & Finance

Aug 20, 2019
The Naira on Monday traded at N358.6 to the Dollar at the parallel market in Lagos.   The Pound sterling and the Euro closed at N445 and N396, respectively.  …
Aug 06, 2019
US Treasury Department accuses China of being a currency manipulator. Above, the Chinese Yuan and US dollar   The US Treasury Department on Monday labelled China a currency manipulator, escalating…
Aug 06, 2019
The Board of Directors of Keystone Bank Limited has announced the appointment of three new Executive Directors. This is in line with strategic business intent and corporate realignment of the…
Aug 04, 2019
The Nakpodias jailed for laundering money to Black Axe leader in Nigeria. L-R, Unuakpotovo, Okemiorukaye and Esther Three Nigerian siblings who were working directly for the leader of the Nigerian…
Aug 03, 2019
The Federal Airports Authority of Nigeria (FAAN) on Friday said it has suspended indefinitely the Aviation Security Officer, Jennifer Luka, who was involved in an alleged $600 theft at the…
Aug 02, 2019
Managing Director, Ecobank Nigeria, Patrick Akinwuntan, launched EcobankPay zone at Alaba International Market, Lagos EcobankPay, the lifestyle digital payments and collections service of Ecobank Nigeria has recorded a cumulative transaction…
Jul 31, 2019
Nedbank Group is in talks with about 1 500 employees over potential job cuts at the South African lender’s retail and business-banking division to cope with a struggling economy and…
Jul 31, 2019
Data obtained on Monday from the Nigeria Inter-Bank Settlement System (NIBSS) has revealed declined transactions on Point of Sales terminals all over the country.   This decline also listed failed…
Jul 31, 2019
Vice President Yemi Osinbajo has disclosed that the Nigerian government has set up a task force to ensure effective recovery of over N5 trillion being outstanding debts owed the Asset…
Jul 29, 2019
The Central Bank of Nigeria (CBN) has said its plan was to put restrictions on sale of forex for the importation of milk from the Nigerian foreign exchange market, rather…
Jul 26, 2019
The Nigeria Deposit Insurance Corporation (NDIC) has advised Nigerians to exercise maximum caution in the adoption of cryptocurrencies as their preferred mode of financial transactions.   A statement issued on…
Jul 25, 2019
According to the World Economic Outlook of the International Monetary Fund (IMF) for the 2019 financial year, Nigeria’s economy is expected to experience a growth rate of 2.3 per cent.…
Jul 22, 2019
Stanbic IBTC Bank Plc has failed in its attempt to have the Supreme Court of Nigeria,  Abuja set aside the N2.5 billion judgment delivered against the bank.   The five-man…
Jul 22, 2019
The controversy over the CFA Franc gets revived on a regular basis by African politicians and intellectuals. The currency gives rise to both passionate debate and simplistic, sweeping political declarations.…
  1. Opinions and Analysis

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