Editor
CBN to order banks to repay illegal charges with interest
ABUJA, MAY 9, 2018 – The Central Bank of Nigeria (CBN), said any bank that deducts monies illegally from a customer’s account for products...
Sterling Bank partners Muslim group for Hajj Savings Plan
MAY 9, 2018 – The Non-Interest Banking Group of Sterling Bank Plc has entered into a partnership with Nasrul-lahi-li Fathi Society of Nigeria towards...
AfDB launches Africa Investment Forum to develop continent
MAY 9, 2018 – The African Development Bank, AfDB has launched the Africa Investment Forum to mobilize between $600-700 billion of private equity funds...
Iran nuclear deal: MTN Says U.S. Withdrawal May Limit Cash Repatriation
MAY 9, 2018 – MTN Group said on Wednesday that President Donald Trump’s decision to pull the U.S. out of the Iran nuclear accord...
Nigeria tops South Africa in foreign reserves
MAY 9, 2018 – Nigeria is leading South Africa in net foreign reserves as that of the West African country hits $47.37 billion in...
IMF warns of rising African debt despite faster economic growth
ACCRA, MAY 8, 2018 - Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits, despite an...
Banks’ credit to Nigeria’s economy declines by N136bn in Q1 2018...
ABUJA, MAY 8, 2018 – The total credit from banks to the economy recorded a decline of N135.8bn from N15.74tn at the end of...
Nigeria missing in fintech, e-Banking African Bankers Award list
MAY 8, 2018 – No Nigerian lender was shortlisted for home grown innovations in financial-technology and electronic banking for this year’s African banker’s Award.
The...
Access Bank’s loans to oil & gas sector up by 5%
LAGOS, MAY 8, 2018 – Access Bank Plc’s exposure to the energy sector rose slightly in 2017, as its loans and advances to oil...
Nigeria, others lose N2.89trn to Foreign Insurance Companies
MAY 8, 2018 – Nigeria, Ghana and other regional insurance markets annually lose a whooping N2.89 trillion($8billion) to offshore insurance markets mainly in Europe...
