Banking

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  Nigeria interbank rate jumps after CBN liquidity mop-up

  Nigeria’s overnight interbank lending rate rose sharply to 29.5 percent on Friday, up from...

  • Posted May 15, 2017
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  Shareholders approve Union Bank’s plan to raise N50billion in Tier 1 capital

  Shareholders at the 48th Annual General Meeting  of Union Bank Plc has concluded plan...

  • Posted May 12, 2017
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  Fidelity Bank pays N4.1bn dividend

  Shareholders of Fidelity Bank Plc have been rewarded with N4.056 billion representing 14 kobo...

  • Posted May 8, 2017
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  Banking sector loans to customers rise to N16.372trn

  The audited results of 2016 for 14 banks quoted on the Nigerian Stock Exchange...

  • Posted May 3, 2017
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  Citibank fined $5m for forex rigging

  South Africa’s Competition Tribunal on Wednesday confirmed a 69.5 million rand (5.25 million dollars)...

  • Posted April 26, 2017
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  Bank workers to blow whistle on stashed funds

  President of Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), Comrade...

  • Posted April 26, 2017
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  Nigerian interbank rate jumps on cash shortage

  Nigerian interbank lending rates rose by around 100 percentage points yesterday, as commercial lenders...

  • Posted April 15, 2017
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  Banks breached FX borrowing limit – CBN

  The Central Bank of Nigeria (CBN) has increased the limit on banks’ foreign currency...

  • Posted April 15, 2017
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  Buhari appoints CBN non-executive directors

  President Muhammadu Buhari on Wednesday forwarded the list of his nominees to the Senate...

  • Posted April 13, 2017
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  GTBank opens Tanzania branch

  The Guaranty Trust Bank, (GTBank), Plc, has said it will open its Tanzania branch...

  • Posted April 9, 2017
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