Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, on the advice of the Central Bank of Nigeria (CBN), is one of the banks processing specialised mortgage loans for Pension contributors. The Bank announced that its clients were amongst…
By Sodiq Adelakun The Minister of State for Budget and National Planning, Prince Clem Agba yesterday, announced that the World Bank has granted a one-year extension of the Nigeria Cares (NG-CARE) programme. The NG-CARES is an economic palliative programme set…
By Sodiq Adelakun The Central Bank of Nigeria (CBN) has debunked reports suggesting that the Bank Verification Number (BVN) issued by the Bank in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) expires after a 10-year period. The apex bank…
The Senate on Tues day confirmed the appointment of Abdul Hakeem Mobolaji and six others as members of Governing Board of the Nigerian Deposit Insurance Corporation (NDIC). This followed the adoption of the report of senate Committee on Banking, Insurance…
The Central Bank of Nigeria (CBN), has banned representative offices of foreign banks from engaging in banking business in the country. The apex bank also barred the rep offices from any regulated activity and from commercial or trading activities resulting…
Polaris Bank in partnership with the National Youth Service Corps Scheme and NerdzFactory has commenced a capacity-building workshop in digital skills targeted at 5,000 National Youth Service Corps members across 12 states in Nigeria. The lender said the training began…
The Group Chief Executive, FCMB Group Plc, Mr Ladi Balogun, has said that purpose, culture and technology will boost its performance. A statement said he spoke during the 10th annual general meeting of the FCMB Group in Lagos, while mentioning…
By Sodiq Adelakun The Central Bank of Nigeria (CBN) has said it will sanction banks assisting the operations of unlicensed foreign firms. It stated on yesterday in its ‘Guidelines for the regulation of representative offices of foreign banks in Nigeria’,…
The Central Bank of Nigeria (CBN) is playing a critical role to facilitate successful participation of Nigerians in the African Continental Free Trade Area (AfCFTA) agreement. According to the apex bank, its interventions in the real sector of the Nigerian…
By Sodiq Adelakun International Breweries Plc (IB Plc), a part of the AB InBev Group, the world’s largest brewer with over 400 beer brands, is facing a challenging period as it grapples with declining revenue and mounting losses in its…
