Bank & Finance

Dec 24, 2018
Bankers Warehouse in Nigeria said the two persons arrested by EFCC with $2.8m cash in suitcases were not money launderers Bankers Warehouse Limited has asked the Economic and Financial Crimes…
Dec 24, 2018
Bankers Warehouse in Nigeria said the two persons arrested by EFCC with $2.8m cash in suitcases were not money launderers Bankers Warehouse Limited has asked the Economic and Financial Crimes…
Dec 22, 2018
Unsealed suitcase in the hands of Swiss authorities may provide a lot of details on the Malabu oil scandal Above Dan Etete: Minister of oil at the time of the…
Dec 20, 2018
Figures released by the Central Bank of Nigeria (CBN) have shown that Nigeria’s foreign reserves rose by $1.518bn from $41.523bn on November 22 to $43.041bn as of December 17.  …
Dec 20, 2018
Nigeria’s President, Muhammadu Buhari on Wednesday gave an overview of the implementation of the N9.12 trillion 2018 budget, saying 67 per cent performance had so far been recorded by Ministries,…
Dec 18, 2018
The World Bank, in a report, has listed Nigeria as the highest destination of remittances from the United Kingdom.   According to the bank, Nigerians in the UK emerged the…
Dec 19, 2018
The federal government of Nigeria says the 36 state governments and the Federal Capital Territory (FCT) will soon access World Bank’s $750 million grant.   The Minister of Finance, Zainab…
Dec 17, 2018
The board of Diamond Bank Plc on Monday finally announced its merger with Access Bank Plc expected to be completed in first half of 2019.   Both banks recently denied…
Dec 16, 2018
In truth, the currency started from a very low base: the Nenegate crisis in 2015. Its performance this year has not been stellar, but most experts expect it to remain…
Dec 12, 2018
Malaysian prosecutors on Wednesday filed new graft charges against former prime minister Najib Razak and the former chief executive of scandal-linked state fund 1MDB, in the latest cases over alleged…
Dec 10, 2018
The Federal Government of Nigeria says African Natural Resources and Mines Ltd’s 600 million dollars (N183 billion) investment in integrated iron ore mining processing and steel production will boost the…
Dec 10, 2018
Kenya’s Consolidated Bank said on Monday it was seeking an investor, either foreign or local, to inject 3.5 billion Kenyan shillings ($34.21 million) as part of its balance sheet reorganisation.…
Dec 05, 2018
The International Monetary Fund (IMF) has put the global debt at $180 trillion, warning highly indebted emerging-markets and low-income countries against what it termed pro-cyclical fiscal policies.   IMF Managing…
Dec 02, 2018
The Manager of Intra-African Trade Finance at the Africa Export-Import Bank (Afreximbank), Gerald Nsomba, has said the Intra-African Trade Fair (IATF) set to hold in Egypt next month will generate…
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