Nigeria’s Diamond bank has reported close to 50 per cent jump in its first quarter earning this year, compared to the same period last year. In its unaudited account for the quarter made available to the Nigerian Stock Exchange today, the bank reported a gross earnings of N30.7 billion, as against N21 billion last year. [...]
A lawmaker with the Lagos State House of Assembly, Gbolahan Yishawu, has urged the Central Bank of Nigeria (CBN) to address some security aspects of the newly introduced cashless policy and enlighten Nigerians on it. Yishawu stated this, while delivering a keynote address as the Special Guest of Honour at the CBN/Nigeria Computer Society (NCS) [...]
The Economic and Financial Crimes Commission, EFCC, has arraigned one Eronini Iwunze before Justice G.U Umar of the Federal High Court, sitting in Umuahia, on a two count charge of obtaining money under false pretence and illegal operation of a financial institution. The accused person is the Managing Director of BRC Sure Access Limited, located [...]
JPMorgan’s stunning $2 billion derivatives loss pummeled US stocks Friday, the bank’s 9.3 percent fall pulling other bank shares and the main market indices down with it. The Dow Jones Industrial Average was down 34.44 points, or 0.27 percent, to 12,820.60 at the close, while the S&P 500 fell 4.60 (0.34 percent) to 1,353.39. But [...]
A leading international provider of payment systems, ACI Worldwide, has honoured five Nigerian banks for outstanding achievements. The banks are First Bank of Nigeria, Ecobank, GTB, Zenith Bank and Sky Bank. The awards were presented by Raymond Moodley, ACI Africa’s Sales Director, at the Nigerian user group meeting at Four Points by Sheraton in Lagos. [...]
Access Bank in partnership with Consumer Protection Council (CPC) has drawn the curtain on the month-long World Consumer Rights Day celebration with customer enlightenment programmes held in seven states across the country. The commemorative enlightenment programme for customers held in Abuja on March 15, 2012 to kick-off this year’s celebration was witnessed by Mrs. Ify [...]
Some residents in Lagos on Monday said that poor enlightenment and lack of confidence in electronic transactions were threatening the success of the cash-less policy of the CBN. They told the News Agency of Nigeria (NAN) in Lagos that the policy might fail as consumers preferred cash based transactions to the e-payment system. They said [...]
