Some banks on Wednesday clarified their positions on their suspension from the foreign exchange market by the Central Bank of Nigeria over alleged non-remittance of the Nigerian National Petroleum Corporation/Nigeria ...
African Development Bank (AfDB) has approved $350million loans to First Bank of Nigeria and FSDH Merchant Bank Nigeria to support import-export activity of local enterprises. The continental lender said the ...
BANKS are carrying a heavy load of Non-Performing Loans (NPLs), which rose 78 per cent year-on-year to N649.63 billion last May. The “worrisome” trend should be tackled, Central Bank of ...
The Central Bank of Nigeria (CBN) has deleted the United Bank for Africa (UBA) from the list of nine deposit money banks (DMBs) banned from the foreign exchange market, for ...
UBA Plc, one of Nigeria’s leading banks denied it was sitting tight on $530million belonging to the Federal Government, part of its $2.1billion dividend from the Nigerian Liquefied Natural Gas ...
First Bank of Nigeria Ltd. has announced the appointment of Mr Patrick Iyamabo as its new Chief Financial Officer (CFO). Iyamabo was performing a similar job at the FCMB, before ...
On the 27th of August 2016, exactly four days from today, Delta State will be marking 25years of Statehood. Delta State was created on the 27th Day of August, 1991 by ...
Once upon a time, Nigeria was graced with the iconic appellation of might and eminence in Africa, but now, she crawls from that splendour of historic glory and then ...
To assess the strength of the nation’s banks, the Central Bank of Nigeria (CBN) is currently conducting stress tests on them. But depositors need not worry. The tests are routine, ...
Union Bank of Nigeria Plc has partnered CBC Netcomms to launch Stallion Hotspot, a street WiFi network in Lekki axis of Lagos State. The bank said the initiative was designed ...
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