BANKING & FINANCE

BANKING & FINANCE

BANKING & FINANCE COVER NEWSLETTER

The Central Bank of Nigeria, CBN, conducted its second primary market auction of treasury bills with the exercise recording an oversubscription by 105 percent. Much of the subscriptions ...
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CBN Forex
BANKING & FINANCE COVER NEWSLETTER

The interbank segment of the market of the Nigerian Foreign Exchange Market, on Monday, January 16, received a boost from the Central Bank of Nigeria, CBN, to the tune ...
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Union bank rebrands to new brand identity
BANKING & FINANCE COVER NEWSLETTER

Union Bank of Nigeria has recorded a 20 percent oversubscription by shareholders in the N50billion rights issue recently carried out by the lender. In a statement issued by the ...
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BANKING & FINANCE COVER NEWSLETTER

Board of directors of United Bank for Africa, UBA Plc, has scheduled a meeting for Monday, January 29, 2018 in Lagos. At the meeting, the board is expected to propose ...
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BANKING & FINANCE COVER NEWSLETTER

The British Standard Institute (BSI) Group has awarded the prestigious ISO/IEC 20000-1:2011 certification to Diamond Bank Plc. The certification was awarded to the bank after a rigorous process ...
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BANKING & FINANCE COVER NEWSLETTER

Nigeria’s treasury bills market closed positive on Wednesday, January 10, despite the fact that the Central Bank of Nigeria, CBN, failed to carry out its usual liquidity mop ...
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BANKING & FINANCE NEWSLETTER

Guaranty Trust Bank, GTBank Plc’s Board of Directors, has fixed Wednesday, January 24, 2017, for a meeting to consider the lender’s full year financial statements of 2017. The ...
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BANKING & FINANCE COVER NEWSLETTER

One of Nigeria’s Tier 1 lenders, Zenith Bank Plc has announced a closed period for trading in the bank’s shares on the floor of the Nigerian Stock Exchange, NSE. ...
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Union bank rebrands to new brand identity
BANKING & FINANCE COVER NEWSLETTER

The Central Bank of Nigeria, CBN, and Securities and Exchange Commission, SEC, have concluded the share allotment and capital clearance review of the N50 billion rights issue of ...
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BANKING & FINANCE COVER NEWSLETTER

The Central Bank of Nigeria, CBN, first auction in 2018 at the primary market, pulled down the rates of treasury bills on Wednesday, January 4. This came as ...
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BANKING & FINANCE COVER NEWSLETTER

The Central Bank of Nigeria, CBN, commenced the first trading day of 2018, on Tuesday, December 3, with the sale of N58.4 billion worth of treasury bills via ...
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BANKING & FINANCE NEWSLETTER

The House of Representatives has approved the controversial deduction of the sum of 50 naira from deposits into bank accounts using electronic platforms. The legislature recently passed a ...
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Fidelity Bank, Gazelle Train 500 Youths in Kebbi
BANKING & FINANCE COVER NEWSLETTER

Global Credit Ratings, GCR, has affirmed the national scale long term rating of BBB(NG) to Fidelity Bank Plc’s N30 billion Bond with the outlook accorded as Stable. In ...
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BANKING & FINANCE COVER NEWSLETTER

Stanbic IBTC Holdings has distributed a total of 49,465,731 ordinary shares of 50k each to shareholders. The addition ordinary shares were listed on the trading platform of the Nigerian ...
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BANKING & FINANCE COVER NEWSLETTER

The Central Bank of Nigeria, CBN, has revealed that it has been able to further reduce electronic fraud practices by 40 percent, from N652.8 million in Quarter 3, ...
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BANKING & FINANCE COVER

ProvidusBank launches the World Elite Mastercard offering in Nigeria, providing affluent consumers and frequent travelers with a range of priceless travel benefits and lifestyle privileges both at home ...
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BANKING & FINANCE NEWSLETTER

Leading digital money transfer service, WorldRemit, has raised an additional $40 million, as  part of its effort to provide its services to about 5 million customers in Africa, This ...
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financial services
BANKING & FINANCE COVER NEWSLETTER

The Nigerian banking sector in the third quarter of 2017 recorded a total volume of 213,693,964 transactions valued at N19.33 trillion, the National Bureau of Statistics, NBS, has ...
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BANKING & FINANCE NEWSLETTER

Stanbic IBTC Holdings Plc and Stanbic IBTC Bank Plc have retained their AAA national ratings by Fitch Ratings, the global leader in credit ratings, reaffirming their strong fundamentals and stability. ...
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BANKING & FINANCE NEWSLETTER

The African Export Import Bank, Afreximbank,has secured a credit facility worth €100 million from the European Investment Bank (EIB). This is the first loan given to the African lender ...
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