BANKING & FINANCE

BANKING & FINANCE

Dollar
BANKING & FINANCE NEWSLETTER

The dollar consolidated losses on Monday after posting its biggest weekly drop in more than three months last week as weak U.S. data undercut expectations of more interest ...
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Sterling
BANKING & FINANCE NEWSLETTER

Sterling skidded to its weakest since June, 2017 on Monday after media reported that Prime Minister Theresa May would delay a parliamentary vote on Britain’s Brexit deal with ...
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Bitcoin
BANKING & FINANCE

Since December 8, the Bitcoin price has increased from $3,210 to $3,588, by just about 12 percent against the U.S. dollar. In the same time frame, the cryptocurrency ...
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Forex
BANKING & FINANCE COVER

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the proposed National Micro Finance Bank (MFB) will address the concerns around the several intervention ...
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BANKING & FINANCE

The Chartered Institute of Bankers of Nigeria (CIBN) has given Certificate of Accreditation to the United Bank for Africa (UBA) and Unity Bank’s training schools respectively. Speaking at ...
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Zenith Bank
BANKING & FINANCE Technology & Business

Zenith Bank Plc has launched the Unstructured Supplementary Service Data, USSD, payments on Point of Sales (USSD on POS), enabling customers to pay for goods and services via ...
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CBN
BANKING & FINANCE COVER NEWSLETTER

The Central Bank of Nigeria (CBN), in collaboration with the Bankers Committee and the Nigerian Postal Service (NIPOST), will set up a Micro Finance Bank (MFB) to enhance ...
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Sterling
BANKING & FINANCE NEWSLETTER

Sterling held above a 1-1/2 year low on Thursday as concerns on how a British Parliament vote on Prime Minister Theresa May’s Brexit deal next week would unfold ...
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Dollar
BANKING & FINANCE NEWSLETTER

The U.S. dollar and the yen gained on Thursday after the arrest in Canada of a top executive of Chinese tech giant Huawei prompted fears of a flare-up ...
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Firstbank
BANKING & FINANCE NEWSLETTER

FBNBank Ghana Limited has received an inflow of US$72.5 million from its parent bank, First Bank of Nigeria to shore up its capital to meet the Bank of ...
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BANKING & FINANCE NEWSLETTER

Tier two financial institution in Nigeria, First City Monument Bank (FCMB) Plc, has disclosed receiving the sum of $3 million from the sale of debt-ridden 9mobile. Recently, the ...
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Bitcoin
BANKING & FINANCE NEWSLETTER

Since November 6, in exactly one month, the Bitcoin Cash price has dropped by 81.6 percent, from $638 to $117. Initially, in the first week of November, the ...
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BANKING & FINANCE

The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Mr. Umaru Ibrahim, has said the corporation has commenced the verification of insured depositors of failed banks claims, so ...
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NDIC
BANKING & FINANCE

The Nigeria Deposit Insurance Corporation (NDIC), on Wednesday, offered insights why the Central Bank of Nigeria (CBN) revoked the licenses of 154 Microfinance Banks (MfBs) and six Primary ...
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Stanbic IBTC
BANKING & FINANCE

Fitch Ratings has affirmed the National Ratings of Stanbic IBTC Bank PLC and its non-operating holding company, Stanbic IBTC Holding Company PLC, both at Long-Term ‘AAA(nga)’ and Short-Term ...
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FSDH Merchant Bank
BANKING & FINANCE BUSINESS & ECONOMY

FSDH Merchant Bank has projected inflation rate of 13 percent for 2019 fiscal year citing implementation of the new minimum wage, upward review of electricity tariff and likely ...
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CBN
BANKING & FINANCE COVER

The $15,000 weekly Yuletide special intervention foreign exchange (forex) sales to Bureau de Change (BDC) operators commences today, the Central Bank of Nigeria (CBN) has announced. Umar Abdullahi, ...
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BANKING & FINANCE IT/TELECOM

Airtel Nigeria has announced plans to set up a payment service bank (PSB) in Nigeria Segun Ogunsanya, managing director, Airtel Nigeria, made the disclosure on Tuesday, saying  it ...
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Bitcoin
BANKING & FINANCE

Within a 48-hour span, since December 5, the Bitcoin price has dropped from $3,913 to $3,678, by just about six percent. Other major cryptocurrencies like Ethereum (ETH) and ...
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Zenith Bank
BANKING & FINANCE

Zenith Bank Plc has emerged the ‘Best Institution in Sustainability Reporting in Africa’ for the second consecutive year. The bank won the award at this year’s Sustainability, Enterprise ...
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