Category Archives: Banking

FCMB partners SystemSpecs on new solution for small businesses

FCMB partners SystemSpecs on new solution for small businesses

First City Monument Bank (FCMB) and SystemSpecs have introduced a payroll solution designed to meet the yearnings of thousands of its Small and Medium Enterprise

ETI reports net profit Of N30.6bn in Q1

ETI reports net profit Of N30.6bn in Q1

Ecobank Transnational Incorporated (ETI) recorded a profit after tax of N30.587 billion for the first quarter (Q1), ended March 31, 2019. The financial institution’s results

CSCS shareholders approve N3.5b total dividend for 2018

CSCS shareholders approve N3.5b total dividend for 2018

Shareholders of the Central Securities Clearing System (CSCS) Plc, have approved a cumulative dividend of N3.5 billion culminating in 70 kobo per share due to

CBN disagrees with NGF over 2020 recession

CBN disagrees with NGF over 2020 recession

The Central Bank of Nigeria, CBN, yesterday, faulted the position of the Nigerian Governors Forum, NGF, that there will be recession in 2020. CBN Deputy

Fidelity bank rewards more customers in promo

Fidelity bank rewards more customers in promo

Fidelity Bank Plc has once more rewarded more of its loyal customers with cash and other consolation prizes in its ongoing promo. The bank’s Deputy

FSDH records 29.93% rise in profit after tax

FSDH Records 29.93% Rise in Profit After Tax

FSDH Merchant Bank Limited has recorded an increase in its profit after tax as it rose by 29.93 per cent, from N2.84 billion as at

FBN general insurance records N615.6m profit

FBN General Insurance records N615.6m profit

FBN General Insurance Limited says its gross premium written rose by 32 per cent to N4.63bn in 2018 financial period, from N3.51bn in the corresponding

CBN to unveil clean note policy, banknote fitness guidelines

CBN to unveil clean note policy, banknote fitness guidelines

The Central Bank of Nigeria (CBN) has approved the issuance of a Clean Note Policy and Banknote Fitness Guidelines. The guidelines would be launched in

Fidelity bank shareholders approve N3.2bn dividend pay-out

Fidelity bank shareholders approve N3.2bn dividend pay-out

Shareholders of Fidelity Bank Plc have approved the payment of a total dividend of N3.19 billion declared by the board of directors for the financial year

World bank pegs oil prices at $65 a barrel by 2020

World Bank Pegs Oil Prices At $65 A Barrel By 2020

The World Bank has put a peg on oil prices which it forecasts will average $65 per barrel by 2020. The Bank said crude oil

NCR urges banks to accept movable assets for loans

NCR urges banks to accept movable assets for loans

The National Collateral Registry (NCR) has appealed to commercial banks in the country to accept movable assets as collateral to increase the quantum of borrowing

Avoid the Biggest Mistakes in Retirement

Avoid the Biggest Mistakes in Retirement

Retirement is something we look forward to all of our lives. We imagine what life will be like when our time is our own and