By Kayode Tokede As part of its commitment towards promoting environmental sustainability, Unity Bank Plc has collaborated with the Mental and Environmental Development Initiative for Children, MEDIC, a non-governmental organization, for the cleaning of Lagos Kids Beach Garden within the…
African Development Bank Group (AfDB) has barred Maxicare Company (Nigeria) Ltd. from conducting business with it for the next three years. The bank said on its website on Wednesday that the debarment, for engaging in “collusive and fraudulent practices” during…
By Kayode Tokede The Central Bank of Nigeria (CBN) has approved 10 new International Money Transfer Operators (IMTOs) in the country. The move by the apex bank is to boost Diaspora remittance and improve foreign exchange liquidity in the country.…
By Kayode Tokede Ecobank Nigeria Limited has concluded plans to host a digital conference as part of its commemoration of this year’s Workers’ Day. The Head, Consumer Banking, Korede Demola-Adeniyi in a statement said the webinar which is scheduled for…
By Kayode Tokede Naira at Investors & Exporters Foreign Exchange ( I & E FX) window traded flat at N410.00 against the Dollar on Monday The Naira lost by 0.05per cent and 0.14per cent the Euro and Pound Sterling closing…
By Kayode Tokede The National Bureau of Statistics (NBS) has disclosed that Microfinance Banks (MfBs) recorded an 82per cent boost in lending rising from N300.2 billion in 2019 to N546.6 billion in 2020. As of 2018 total microfinance loans to the…
By Kayode Tokede The National Bureau of Statistics (NBS) has disclosed that staff strength in the banking sector dropped by 8.05 per cent in one year to 95,888 in fourth quarter (Q4) of 2020 from 103,610 in fourth quarter of…
By Kayode Tokede Naira traded flat at Investors & Exporters Foreign Exchange (I & E FX) window on Friday at close at N410 against the Dollar. The Naira remained stable against the Dollar at the Investors and Exporters window on…
By Kayode Tokede At 77.4 per cent and 75.4 per cent, Sterling bank plc, and Union Bank of Nigeria Plc, according to Nigerian NewsDirect investigation led other Tier-2 banks in Cost-to-income ratio in 2020. Cost income ratio (CIR) is used to…
By Kayode Tokede The Chairman of FBNQuest Merchant Bank, Mallam Bello Maccido, has expressed that the bank outlook for 2021 is anchored on three important pillars – Optimisation, Innovation and Partnerships. The Chairman in a statement stated that the bank…
