By Matthew Denis The Central Bank of Nigeria (CBN) has debunked a fake recruitment portal created in its name that its appealing and inviting eligible Nigerians to submit job applications on Thursday. This is contained in a statement signed by…
The Nigeria Deposit Insurance Corporation (NDIC) has urged regulators in the banking industry to draw supervisory lessons from the failure of Silicon Valley Bank and Credit Suisse by ensuring proper risk management. The Executive Director (Operations), NDIC, Mr Mustapha Ibrahim…
By David Awoyemi Naira depreciated by 0.17 per cent yesterday at the official Investors and Exporters (I & E) Window as the Central Bank of Nigeria (CBN) struggles to sustain its float-management stance. Trading report obtained indicated that naira depreciated…
First Bank of Nigeria Ltd., has announced a phased corporate name change of its subsidiaries in the United Kingdom and Sub-Saharan Africa. Mrs Folake Ani-Mumuney, Group Head, Marketing and Corporate Communications, FirstBank, said this in a statement in Lagos. The…
The Ecobank Nigeria and The Lagos Chamber of Commerce and Industry have collaborated to offer guidance on financing choices, regulatory frameworks, and the roles of public and private institutions in advancing the growth of export businesses. In a statement released,…
By Seun Ibiyemi The Debt Management Office (DMO), has listed four Federal Government of Nigeria (FGN) bonds valued at N360 billion for subscription at N1,000 per unit. The first offer is a February 2028 FGN Bond valued at N90 billion,…
By David Awoyemi Infinity Trust Mortgage Bank’s Board of Directors has appointed Olufemi Fabanwo as an independent non-executive director of the bank. This was disclosed in a statement signed by the company’s secretary, Tolu Osho, which it is subject to…
By David Awoyemi World Bank has upgraded its 2023 global growth forecast from 1.7 per cent to 2 per cent. Similarly, The international financial institution is now forecasting 2 pe rcent growth for 2023 – up from a 1.7 percent…
Some bank customers said they still prefer the use of Fintech companies like OPay, PalmPay and others for their electronic transactions in spite of fraud allegations against the companies. Some of the customers, who spoke with journalists in Abuja on…
Six banks which are Zenith Bank Plc, United Bank for Africa Plc (UBA), Stanbic IBTC Holdings Plc, Ecobank Transnational Incorporated (ETI), FCMB Group Plc and Jaiz bank Plc declared N198.2 billion, and N191.6 billion dividend in 2021 and 2022 respectively.…
