Bank & Finance

Sep 21, 2018
The Naira, yesterday, depreciated to N363.27 per dollar in the Investors and Exporters (I&E) window even as the volume of dollars traded rose marginally by 257 percent.   Data from…
Sep 18, 2018
Former mineral resources minister Mosebenzi Zwane threatened Standard Bank's operating licence and threatened to change the banking laws, all in an effort to allow the politically connected Gupta family to…
Sep 18, 2018
The Central Bank of Nigeria (CBN) said it will impose N10,000 ($28) fine per item for every failed NIP transaction caused by any financial institution operating in the country. It…
Sep 17, 2018
FCMB Bank (UK) Limited, an independently incorporated subsidiary of First City Monument Bank Limited (which is a member of FCMB Group Plc), has introduced its Personal and Business banking proposition…
Sep 15, 2018
The SABC’s Group Chief Executive Officer Madoda Mxakwe outlined the 'dire financial situation' to staff on Friday as the broadcaster weighs up possible retrenchments. This after an internal memo was…
Sep 15, 2018
Officers from Nigeria's financial crime agency visited the Lagos office of Standard Chartered Nigerian operations on Friday, but bank said in a statement that there was no reason for the…
Sep 15, 2018
Cross-network mobile money transactions continue to rise month in month out after they were was introduced in May this year, reaching almost 800,000 (798,999) at the end of August. In…
Sep 14, 2018
Bain & Company, which has been in the firing line for its work done at the South African Revenue Service (SARS) has set aside R164 million ($10.8 million) of fees…
Sep 12, 2018
The Debt Management Office (DMO) on Tuesday said Nigerians have no reason to panic over Federal Government’s borrowing from China. It said there is no risk of default on the…
Sep 12, 2018
The Federal Government said states owing workers’ salaries would not have access to the remaining $2.69 billion Paris Club refund. It said such states must clear backlogs of salaries and…
Sep 11, 2018
Zimbabwe’s new Finance Minister Mthuli Ncube may scrap the quasi currency bond note and liberalize exchange controls as part of reforms he plans to implement by end of this year,…
Sep 06, 2018
Over 130,000 interviews in a brand name survey and a 12 billion rand (Sh90bn) ‘divorce’ settlement from the Barclays PLC, the Amalgamated Banks of South Africa (Absa) went live on…
Sep 02, 2018
The UN has said that it would provide assistance to no fewer than 6.1 million people affected by the Boko Haram crisis in Northeast Nigeria by the end of 2018.…
Aug 30, 2018
The nation’s foreign exchange reserves have dropped below $46 billion, available data from the Central Bank of Nigeria (CBN) showed on Wednesday.   The reserves, which stood at $47.79 billion…

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