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Bank & Finance

Jan 03, 2020
Data obtained from the Nigerian Interbank Settlement System (NIBSS) show that the volume of transactions executed by bank customers in the country reached 1.65 million on New Year’s day. According…
Jan 03, 2020
The total amount of money spent by the Federal Government, through the Nigerian National Petroleum Corporation (NNPC) on subsidising Premium Motor Spirit in December 2019, stood at N55.58 billion, data…
Dec 31, 2019
Nigeria’s Federal Government has justified the nation’s debt profile put at $83.883 billion, saying there is no cause for alarm as the country has a debt ceiling of 25% in…
Dec 23, 2019
Central Bank of Nigeria has announced a new regime of charges banks can levy on their customers, including on Automated Teller Machine transactions. In a move that will boost the…
Dec 22, 2019
According to the Central Bank of Nigeria (CBN), the total exposure of Deposit Money Banks to the Nigerian economy climbed up to N22.61 trillion in October. Going by the economic report…
Dec 22, 2019
West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the financial links with Paris that have underpinned the region’s common…
Dec 20, 2019
The 2019 Nigeria banking industry customer experience survey report recently published by KPMG Nigeria showed that Ecobank Nigeria recorded significant improvement in the SME segment of the survey. According to…
Dec 17, 2019
The United Kingdom says it is currently supporting initiatives to increase economic opportunities for youth in northern Nigeria with development funding worth nearly 50 million dollars (N15 billion). Mr James…
Dec 17, 2019
WorldRemit digital money transfer service has partnered with Vodacom Tanzania to enable nine million M-Pesa customers to receive money directly to their M-Pesa wallets from friends and family living abroad. The new…
Dec 13, 2019
Fast growing financial services provider, Keystone Bank Limited, has unveiled series of exciting rewards for its customers to celebrate the yuletide season. According to the lender, in the spirit of…
Dec 09, 2019
  Last month Benin president Patrice Talon shook the establishment table of France-Africa relations when he said in an interview the Francophone nations in West Africa want take more control over their…
Dec 09, 2019
Ghana’s cedi is headed for its 25th straight year of depreciation against the dollar as the government’s fiscal challenges erode investor confidence in the currency of the world’s second-biggest cocoa…
Dec 07, 2019
Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty. This…
Dec 06, 2019
The world’s largest commodities trader, Glencore Plc is being investigated for bribery by the UK Serious Fraud Office. The new probe comes as the company is already under investigation by…
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