BANKING
FCMB plans capital raising of up to 15 bln naira – MD
Nigerian mid-tier lender FCMB plans to raise 10 to 15 billion naira ($47 million) in Tier II debt to boost its capital ratio and will […]
Articles by Haruna Magaji
BANKING
CBN Endorses Western Union, MoneyGram, Ria for Int’l Fund Transfer
The Central Bank of Nigeria (CBN) yesterday stopped hundreds of global remittance companies from operating in the country. The affected firms will no longer receive […]
HEADLINES
Cheque deposit into savings account: Good-news for Retail Investors
A look at gains of CBN new policy on cheque deposit into Savings account Among the many new policies released by the Central Bank of Nigeria […]
HEADLINES
Naicom blocks International Energy Insurance’s asset sale
The National Insurance Commission (Naicom) has directed the interim management of the International Energy Insurance (IEI) Plc to suspend the proposed sale of the company’s […]
BANKING
CBN says Cheques now acceptable in savings accounts
The Central Bank of Nigeria (CBN) yesterday directed banks and other financial institution to allow customers operating savings accounts to lodge in cheques. CBN Director, […]
BANKING
Kennedy Uzoka Takes Over as Group Managing Director/CEO UBA
Kennedy Uzoka monday resumed as the Group Managing Director and Chief Executive Officer of the United Bank for Africa (UBA) Plc. He took the mantle […]
BANKING
FCMB Group posts N16.3b half-year profit
FCMB Group Plc has reported a profit before tax (PBT) of N16.3 billion for the six-months ended 30 June 2016. This represents an increase of […]
BANKING
Fidelity Bank, NEPC inaugurate Zero2Export project
As part of its unwavering commitment towards the advancement of the economy, Fidelity Bank Plc, in partnership with the Nigerian Export Promotion Council (NEPC) has […]
BANKING
Wema Bank plans 20 bln naira bond issue this month
Wema Bank Plc, which aims to expand its branch network this year, plans to issue 20 billion naira ($63 million) in bonds this month, its […]
BANKING
CBN Says banks to make extra provisions on FX loans after naira weakens
The Central Bank of Nigeria (CBN) has told commercial lenders to take extra provisions on all dollar loans, in the aftermath of its decision to […]