Month: July 2016

The Central Bank of Nigeria (CBN) has provided loan to Skye Bank Plc to boost its liquidity after the lender breached requirements on capital and lending. The short-term lending facility ...

Wema banl Plc has reported half year  net interest income of 8.52 billion naira, the bank reported9.06 billion naira year ago. A half year profit before tax of 1.30 billion naira versus ...

The Bank of Industry (BoI), says it has disbursed N426.7 million to 253 members National Youth Service Corps under its Graduate Entrepreneurship Fund (GEF) programme. This is contained in the ...

Zenith Bank Plc has been rated Nigeria’s most customer-focused bank by the leading Advisory and Consultancy firm, KPMG. In the 2016 edition of the annual banking industry Customer Satisfaction Survey ...

The management of Sterling bank has jettisoned the plans of aquiring Keystone Bank, according to the bank official, “We felt we wouldn’t get it at the price we are willing ...

The insurance industry presently has between N70 to N80 billion life annuity fund, Commissioner for Insurance, National Insurance Commission (NAICOM) Mohammed Kari has said. He made this known following calls ...

Nigeria's Sterling Bank has ended talks to buy rival Keystone Bank after finding it an unsuitable fit and is now focused on raising funds as it considers other acquisitions, its ...

The board of directors of Guaranty Trust Bank Plc has requested an extension of time to submit half year audited financial statements. In a letter addressed to the Nigerian Stock ...

The federal government has focused its attention on the insurance industry to reposition the sector for improved growth. The Minister of Finance, Mrs. Kemi Adeosun announced the government’s determination to ...

United Bank for Africa (UBA) and MasterCard have announced a partnership which will see UBA act as the issuer for MasterCard in 18 new markets in Africa. The partnership which ...