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All posts tagged "financial institutions"

  • MasterCard, EFL partner to drive small business in developing countries

    MasterCard and the Entrepreneurial Finance Lab (EFL) have announced a global partnership to promote Small Business (SMB) growth in developing countries. The partnership, signed during a ceremony at the SIBOS Conference in Dubai, provides international issuers in...

    • Posted September 20, 2013
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  • Tambuwal decries low capital budget implementation

    The Speaker of the House of Representatives, Aminu Tambuwal, on Thursday in Abuja decried the low implementation level of the capital component of the 2013 budget. Tambuwal, who made the remark in an address of welcome to...

    • Posted September 19, 2013
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  • CBN revokes licence of Express Discount House

    The Central Bank of Nigeria (CBN) Friday revoked the operating licence of Express Discount Limited (EDL) due to the inability of its shareholders to inject a minimum capital injection of N21 billion to enable the company continue...

    • Posted July 28, 2013
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  • Customers issued N166bn dud cheques in 2012 – CBN

    The Central Bank of Nigeria, CBN, Wednesday, said banks’ customers across the country issue N166 billion worth of dud cheques in 2012. Commonly referred to as bounced or dishonoured cheques, dud cheques are cheques that banks cannot...

    • Posted July 11, 2013
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  • Labour, stakeholders disagree on poaching, bonding in banks

    Organised labour and shareholders have disagreed over the appropriateness of staff poaching and bonding in the banking industry. Under the umbrella of the Association of Senior Staff of Banks, Insurance and Financial Institutions, ASSBIFI, labour maintained that...

    • Posted June 24, 2013
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  • Ovia, Elumelu May Return to Zenith, UBA This Year

    There are strong indications that the former Managing Director/Chief Executive Officer (MD/CEO) of Zenith Bank Plc, Mr. Jim Ovia, and his erstwhile counterpart at the United Bank for Africa (UBA) Plc, Mr. Tony Elumelu will return to...

    • Posted May 27, 2013
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  • “Idle funds is panacea for Mass Housing challenge” – Experts tell FG at ASO Housing Confab

    A colloquium of experts in the housing value chain has advised the Federal Government should fund mass housing schemes, using the huge funds lying in bank vaults in the form of unclaimed dividends, dormant accounts, and accumulated...

    • Posted May 2, 2013
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  • Diamond Bank posts N22billion profit

    DIAMOND Bank Plc has grown its profit after tax (PAT) for the 2012 financial year by over 250 per cent to N22.1 billion as against theN13.9 billion loss achieved in 2011. The bank’s profit before tax (PBT)...

    • Posted April 30, 2013
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  • Senators frown on new agencies’ N21billion running cost

    Senators on Thursday raised concerns over the establishment of two federal agencies with a combined annual running cost of N21bn. This followed the consideration of two bills for the establishment of the Nigerian Financial Ombudsman and the...

    • Posted April 19, 2013
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  • CBN reviews bank charges, to phase out COT by 2016

    Nine years after, the Central Bank of Nigeria (CBN), on Thursday published a revised guide to bank charges first issued in 2004 to provide standard application of charges in the industry, while minimizing bank-customer conflicts. The review...

    • Posted March 29, 2013
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