By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion. The apex bank also increased capital requirement for banks with regional licences from N15 billion to N50 billion and those withContinue Reading
By Grace Alegba The Chartered Institute of Bankers of Nigeria (CIBN) on Saturday said it has begun process toward building a banking school to further enhance professionalism and financial ethics in the banking and financial sectors. The institute said the project was in addition to its ongoing capacityContinue Reading
By Grace Alegba Mr Bolaji Lawal, Managing Director/Regional Executive of Ecobank Nigeria, has highlighted the pivotal role of the creative sector in Nigeria’s economic revival. Lawal said this at the introduction of the +234art fair organised by Ecobank, AFC & Soto Gallery at the bank’s headquarters to newsmen on ThursdayContinue Reading
By Rukayat Adeyemi Ecobank Group, a pan-African financial services organisation, has appointed key executives to strengthen its leadership and effectively drive its Growth, Transformation and Returns (GTR) strategy. Ms Christiane Bossom, Group Communications Manager of Ecobank Transnational Incorporated (ETI), made this known in a notification sent to the NigerianContinue Reading
By Grace Alegba The First Bank of Nigeria Ltd. has assured its customers of opportunities to experience world-class innovative banking services through the bank’s Digital Xperience centres. First Bank Managing Director, Adeshola Adeduntan, announced this at the inauguration of the bank’s Digital Xperience centre in Banana Island, Ikoyi, Lagos,Continue Reading
By Rukayat Adeyemi Access Holdings Plc has announced Mr Aigboje Aig-Imoukhuede, Access Bank pioneer Group Chief Executive Officer (Group CEO), as its Non-Executive Chairman. Mr Sunday Ekwochi, Company Secretary, Access Holdings, said this in a disclosure sent to the Nigerian Exchange Ltd. (NGX) on Wenesday in Lagos. Ekwochi said thatContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has donated over 2 million bags of fertiliser brands worth N100 billion to farmers through the Federal Ministry of Agriculture and Food Security. Mr Yemi Cardoso, the Governor of the CBN, presented the bags of fertiliser brands to the Minister ofContinue Reading
ECOWAS President hails bloc’s success story, says aims, objectives achieved Continue Reading
By Aisha Gambo The Nigeria Deposit Insurance Corporation (NDIC), has advised customers of closed banks to utilise the virtual verification platforms for payment of their deposits. NDIC’s Managing Director, Bello Hassan, gave the advise on Thursday during the NDIC Special Day at the ongoing 45th Kaduna International Trade Fair, Kaduna.Continue Reading
By Emmanuella Anokam The African Export-Import Bank (Afreximbank) says Nigeria is among the largest beneficiaries accounting for about 60 per cent of its US$30 billion funding of the energy sector in Africa. The Afreximbank said it has been able to make modest contributions in the oil and gas sector becauseContinue Reading
