Bank & Finance

Nov 10, 2018
TymeBank, owned by South African billionaire Patrice Motsepe, has started signing up customers for its new online bank, one of a number of entrants planning to steal clients away from…
Nov 09, 2018
Bitcoin recently turned ten years old. In that time, it has proved revolutionary because it ignores the need for modern money’s institutions to verify payments. Instead, Bitcoin relies on cryptographic…
Nov 08, 2018
The Nigerians National Petroleum Corporation (NNPC) said it transferred the sum of N128.40billion into the federation account in August.   The Corporation disclosed this in its monthly Financial and Operational…
Nov 05, 2018
HSBC and UBS have closed their offices in Nigeria, the country’s central bank said in a report on Friday as it revealed foreign investment had fallen sharply from a year…
Nov 01, 2018
Nigeria’s Minister of Labour and Productivity, Dr. Chris Ngige, on Wednesday said the Federal Government cannot accept the N22,500 minimum wage proposal by the Nigeria Governors Forum (NGF).   “The…
Nov 01, 2018
Bitcoin, the world's first and most famous cryptocurrency, celebrated its tenth birthday on Wednesday. Its emergence has spawned a multitude of other digital currencies, brought blockchain technology to global attention,…
Oct 31, 2018
The board of directors of Nigerian Breweries Plc. has recommended an interim dividend of N4.8 billion to its shareholders.   The total dividend translates to 60 kobo per ordinary share…
Oct 29, 2018
Nigeria Tier-2 financial institution, Diamond Bank Plc. has denied media reports that it was in talks with new investors to raise fresh capital for the company.   It was reported…
Oct 26, 2018
The Nigerian Federal Account Allocation Committee (FAAC) has disbursed a total of N689.71 billion to the federal, state and local governments as revenue allocation for the month of September.  …
Oct 26, 2018
The shares of Diamond Bank trading on the floor of the Nigerian Stock Exchange (NSE) rose to their highest level in four (4) months on Thursday after the bank’s key…
Oct 24, 2018
The Central Bank of Nigeria (CBN) has again revoked the operating licenses of nine (9) microfinance banks in Niger State, the National Association of Microfinance Banks (MFBs).   The North…
Oct 22, 2018
Pension Fund Administrators (PFAs) have invested a total sum of about N4.22 trillion in Federal Government of Nigeria Bonds in August.   Data obtained from the National Pension Commission (PenCom)…
Oct 18, 2018
The rand has seen strong gains in recent days – rallying from R15.04/$ to R14.22 in a week.   Here are some of the main reasons for its current run:…
Oct 18, 2018
So far this year, tax collections seem to be much stronger than expected, which may mean that South Africans will be spared big tax hikes in February’s Budget, says PricewaterhouseCoopers…
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