BANKING

The Economic and Financial Crimes Commission (EFCC) has invited the Managing Director of Skye Bank Plc, Mr. Timothy Oduntayo, and the bank’s chief compliance officer over the bank’s deliberate refusal...

Banks have recorded near zero foreign currency deposit inflow from high net-worth individuals indicating that their domiciliary account customers are staying cautious on the reversal of foreign currency deposit ban...

Account holders can now transfer Foreign Currency Cash deposits made into their domiciliary accounts via Internet Banking, Mobile App or at any branch nationwide. Amount to be transferred is however...

The Association of Bureau de Change Operators of Nigeria (ABCON) has called for collaboration with the Central Bank of Nigeria (CBN) to address the current depreciation of the Naira. ABCON’s...

The Federal High Court in Lagos Friday struck out a contempt charge filed against Ecobank Nigeria Limited by Honeywell Flour Mills Plc. Justice Ibrahim Idris held that the Form 48...

Diamond Bank Plc has been named and awarded the Best SME Bank in West Africa by the famous Banker Magazine in the 2015 West Africa Awards. The Bank also emerged...

The Africa Development Bank said it had approved the sum of $12.5m equity investment in Alitheia Identity Fund to invest in Small and Medium Enterprises being driven by women. AIF...

Marshalls from the Osun State High Court on Thursday stormed the four branches of Skye Bank Plc in Osogbo, the Osun State capital, sealed them and removed some valuable property...

The naira continued its slide against the dollar at the parallel market on Wednesday trading at N295 to the dollar. It was traded N290 to the dollar at the same...

The nation’s private sector ended 2015 on a positive note with business conditions improving to the highest level since July. According to statistics from Stanbic IBTC Bank Purchasing Managers Index...