Category Archives: Banking
Naira closes at N362.30 to dollar at investors’ window
The Naira on Wednesday closed at N362.30 to the dollar at the investors’ window, with investors trading a total of 147.8 million dollars. At the
MTN, 12 banks sign N200b medium term loan agreement
Mobile telephone operator, MTN on Wednesday signed a seven-year N200 billion medium term loan agreement with a consortium of 12 banks. The Chief Executive Officer
Nigeria, India trade hits $12 billion
The trade volume between India and Nigeria hit 12 billion dollars between April 2017 to March 2018, Indian High Commissioner to Nigeria, Nagabhushana Reddy, has
Fidelity Bank, BoI unveil lending scheme for manufacturers
Fidelity Bank Plc, in a strategic partnership with the Bank of Industry, has launched a lending scheme for manufacturers. The bank, in a statement on
What to do when your bank closes your account
One of the most frustrating experiences is when your bank closes your account. According to www.thebalance.com, it is important to realise that just as you
Banks’ customers lose fortunes as insiders mine data for fraudsters
The pervasive electronic banking fraud in the banking sector is leaving in its wake losses and crisis of confidence in the financial industry, according to
What are the safety tips for online transactions?
With the growing power of Internet today, online transactions are done like a piece of cake. From transferring money to ordering pizzas, everything is done
Ecobank announces finalists of the Ecobank Fintech Challenge 2018
Ecobank, the leading independent pan-African banking group, has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused
Provide more credit to consumers, credit bureaux tell banks
Credit bureaux have urged banks to lend more money to consumers in order to accelerate the growth of the nation’s economy The Managing Director/Chief Executive
Stock market reopens bearish, index down by 0.06%
Transactions on the floor of the Nigerian Stock Exchange (NSE), reopened on a bearish note yesterday, following price losses incurred by most bluechip stocks, causing
How to handle your idle bank savings
When it comes to saving money or setting up an emergency fund, most bank depositors typically stick to low-risk avenues like their savings account and
Demand may push up $200m content fund’s threshold
With rising demand from stakeholders, the Nigerian Content Development Fund (NCDF), managed by the Bank of Industry (BoI), may be increased from $200 million. The
DBN, LAPO Microfinance Bank to fund 10,000 MSMEs
Development Bank of Nigeria Plc (DBN), the first wholesale development finance institution in Nigeria, has partnered with LAPO Microfinance Bank Limited, to provide lending to
CBN to introduce new cyber-security framework
The Central Bank of Nigeria (CBN) said it was developing a Risk Based Cyber Security Framework for banks and payment service providers to combat internet
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