Bank & Finance

Nov 15, 2018
The Federal Government of Nigeria on Wednesday successfully raised a new $2.86 billion Eurobond.   The $2.86 billion however came at a higher interest rate, a move that may put…
Nov 14, 2018
In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday injected the sum of $210 million in the inter-bank foreign exchange market.   Figures obtained from…
Nov 13, 2018
Two commercial banks in the Nigeria, Diamond Bank Plc and Access Bank Plc have denied reports that the two banks are in merger or acquisition talks. The banks, in seperate…
Nov 12, 2018
A former senior executive of the scandal-ridden VBS Mutual Bank has revealed that a branch manager was ordered to make a R3 million payment to fund the national congress held…
Nov 12, 2018
The Nigerian National Petroleum Corporation (NNPC) has said money alleged to have been diverted from the dividend from the Nigeria Liquefied Natural Gas (NLNG) company was a revolving loan to…
Nov 10, 2018
TymeBank, owned by South African billionaire Patrice Motsepe, has started signing up customers for its new online bank, one of a number of entrants planning to steal clients away from…
Nov 09, 2018
Bitcoin recently turned ten years old. In that time, it has proved revolutionary because it ignores the need for modern money’s institutions to verify payments. Instead, Bitcoin relies on cryptographic…
Nov 08, 2018
The Nigerians National Petroleum Corporation (NNPC) said it transferred the sum of N128.40billion into the federation account in August.   The Corporation disclosed this in its monthly Financial and Operational…
Nov 05, 2018
HSBC and UBS have closed their offices in Nigeria, the country’s central bank said in a report on Friday as it revealed foreign investment had fallen sharply from a year…
Nov 01, 2018
Nigeria’s Minister of Labour and Productivity, Dr. Chris Ngige, on Wednesday said the Federal Government cannot accept the N22,500 minimum wage proposal by the Nigeria Governors Forum (NGF).   “The…
Nov 01, 2018
Bitcoin, the world's first and most famous cryptocurrency, celebrated its tenth birthday on Wednesday. Its emergence has spawned a multitude of other digital currencies, brought blockchain technology to global attention,…
Oct 31, 2018
The board of directors of Nigerian Breweries Plc. has recommended an interim dividend of N4.8 billion to its shareholders.   The total dividend translates to 60 kobo per ordinary share…
Oct 29, 2018
Nigeria Tier-2 financial institution, Diamond Bank Plc. has denied media reports that it was in talks with new investors to raise fresh capital for the company.   It was reported…
Oct 26, 2018
The Nigerian Federal Account Allocation Committee (FAAC) has disbursed a total of N689.71 billion to the federal, state and local governments as revenue allocation for the month of September.  …

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