Haruna Magaji, Author at Financial Watch

Unemployed Youth Docked In Lagos For Allegedly Raping 13-year-old Girl

March 15, 2016 Haruna Magaji

A 25-year-old, Christopher Ogbeide, who allegedly raped a teenage girl, was on Tuesday remanded in Kirikiri Prisons on the order of an Ikeja Chief Magistrates’ […]

Trader Arraigned For Bolting With Co-trader N140,000 Savings

March 15, 2016 Haruna Magaji

A trader, Chukwudi Nzeribe who allegedly absconded with his colleague’s N140,000 savings, on Tuesday appeared before an Ikeja Magistrates’ Court in Lagos. Nzeribe, 33, a […]

CBN mulls new charges on ATM cards, cheques

March 15, 2016 Haruna Magaji

The Central Bank of Nigeria (CBN) is proposing a N50 charge on every cheque leaflet obtained and used at the deposit money bank’s counter. This […]

GTBank reports N120.7bn pre-tax profit for FY’15

March 15, 2016 Haruna Magaji

Guaranty Trust Bank plc on Monday became the earliest bird among the banking counters to release its audited financial results for the year ended December […]

Stakeholders applaud repeal of 37-yr-old Bankruptcy/Insolvency Act

March 15, 2016 Haruna Magaji

Stakeholders have expressed support for a new bill that repeals and re-enacts the 37-year-old Bankruptcy and Insolvency Act. The new bill – Bankruptcy and Insolvency […]

CBN Commences Review Of Guide To Charges For Banks

March 15, 2016 Haruna Magaji

Central Bank of Nigeria (CBN) says it is currently reviewing the extant Guide to Bank Charge, which came into effect on April 1, 2013 The […]

BoI initiates YES Programme To Instil Entrepreneurship In Nigerian Youth

March 15, 2016 Haruna Magaji

The Bank of Industry has initiated the Youth Entrepreneurship Support (YES) Programme, with a view to instilling entrepreneurship spirit in the Nigerian youth. At the […]

CBN’s Anchor Borrowers Programme, Targets States To Grow Agriculture, Small Businesses

March 15, 2016 Haruna Magaji

The Central Bank of Nigeria (CBN)’s Anchor Borrowers scheme under its Development Finance unit, which is meant to provide loans to small holders farmers and […]

UBA, GTBank Beat Analysts’ Expectations With Positive 2015 Results

March 15, 2016 Haruna Magaji

Amid increasing inflow of profit warnings at the Nigerian Stock Exchange (NSE), two tier one banks –United Bank for Africa plc (UBA) and Guaranty Trust […]

Nigerian Banks Show Strength In New Lafferty Global Quality Rating

March 15, 2016 Haruna Magaji

A new global rating, the Lafferty Bank Quality Ratings (LBQR) released yesterday, has shown that Nigerian banks posted extremely strong quantitative indicators in 2014 which […]