BANKING

Nigerian Export Import Bank (NEXIM Bank) has advised exporters to take advantage of the N500billion non-oil Export Stimulation Facility (ESF) as well as the expansion of the export credit Rediscounting...

Fidelity Bank Plc has distanced itself from the news making the rounds that it was promoting anti-labour practices in the bank. The bank in a letter addressed to the President,...

Stanbic IBTC has been named the “Best Sub-custodian” in Nigeria for 2016 by Global Finance magazine. The London-based Global Finance magazine, organisers of the awards, announced that for the 2016...

The Central Bank of Nigeria (CBN) is expected to debit commercial banks around N1.2 trillion to cover hard currency purchases, thereby triggering inter-bank overnight rate to 60 per cent from...

Sterling Bank Plc has announced the conclusion of upgrade of its information technology infrastructure. The move was in line with its mandate to enrich the lives of its customers through...

The volume of loan from the Central Bank of Nigeria, CBN, to commercial banks in the country, jumped sharply last week by 173 per cent to N281 billion. Lending to...

eTranzact says it is on track to explore the network of the Nigerian Postal Services to reduce the unbanked population in the country to 10 per cent before the end...

Following the recent commencement of trading on the Nigeria Interbank Foreign Exchange (NIFEX), and the announcement of the movement from the official exchange rate to a market-determined system, Wema Bank...

Ecobank is reviewing its expansion strategy following a decline in profits and may pull out of some African countries to focus on its most promising markets, chairman Emmanuel Ikazoboh told...

Africa’s leading integrated payment and transaction processing company, Interswitch Transnational, has named First Bank Nigeria Plc the first financial institution in the country to achieve a transaction volume of 100...