Category Archives: Banking

Naira closes at N362.30 to dollar at investors’ window

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

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

nigeria-india-trade

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, 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

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

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?

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 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

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%

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

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

bank of industry

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

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

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