Tag: banking
Religion and risk drive Islamic finance boom
When a Muslim cleric told Ahmad Salim that sharia law forbids paying interest, he returned his days-old loan to the…
Farming More Lucrative Than Banking
When Prince Lanre Ettu left banking for farming, his friends questioned his decision. They thought he had made a costly…
Banks Encourage Use Of e-Payment Platforms
Nigerians have been urged to embrace e-payment platforms as the best option for payments for business transactions. The e-payment platforms…
Ecobank: 2 ex-directors back Tanoh
Two former directors of Ecobank defended CEO Thierry Tanoh and said he is under pressure to resign because he is…
CBN governor designate, Emefiele’s footprints at Zenith Bank
Emefiele, the nominee for Central Bank of Nigeria governorship has been a Silent Achiever At Zenith Bank Godwin Emefiele is…
Profile: Sarah Alade, acting CBN governor
Dr. Sarah Omotunde Alade (OON), appointed acting governor of the Central Bank of Nigeria, by President Goodluck Jonathan today, has…
Nigeria: Female Ex-banker faces N450 mn fraud charge
Nigeria’s Economic and Financial Crimes Commission , EFCC, today charged a female banker with negligence, leading to the loss of…
UBA appoints Ambassador Keshi chairman
United Bank for Africa (UBA), the pan-African financial services group in which investment company Heirs Holdings has a strategic interest,…
Jaiz Bank posts N1billion loss
Jaiz Bank recorded an operating loss of N1.07 billion in 2012, Alhaji Umaru Mutallab, the Chairman, Board of Directors of…
GTB takes over Kenya’s Fina Bank
Kenya’s Fina Bank has been renamed Guaranty Trust Bank (GTB), following a 70 percent acquisition by the Nigeria-based lender, governor…
Access Bank appoints 5 directors
Access Bank Plc has announced the appointment of a new Deputy Managing Director Designate and three new Executive Directors. Together,…
Carpenter jailed for stealing N6.88m from ATM
A Nigerian court in Kado, Abuja on Tuesday, sentenced Jamilu Hassan, 27, of no fixed address, to 16 months imprisonment…
Nigeria bans import of foreign currencies
The Central Bank of Nigeria (CBN) has banned the importation of all foreign currencies except with approval. According to a…
5 bank fraudsters arrested
Ayo Oluokun/Abuja Nigeria’s Economic and Financial Crimes Commission, EFCC, has arrested a five- man syndicate for attempting to defraud various…
Stanbic IBTC declares interim dividend
Stanbic IBTC Holdings Plc, has declared an interim dividend of 70 Nigerian kobo to its stakeholders, according to reports filed…
Wema Bank raises N40b new capital
Mr Segun Oloketuyi, Managing Director, Wema Bank Plc, said on Friday the bank had successfully completed its N40 billion capital…
US based Wells Fargo now world’s biggest bank
The Industrial & Commercial Bank of China (ICBC) has lost its standing as the world’s largest bank by market capitalisation…
Sterling Bank profit hits N5.92b
Nigeria’s Sterling Bank Plc has announced a profit after tax of N5.92 billion for the half year ended June 30.…
GTB declared African Bank of the year
.First Bank, Sanusi, Aig-Imoukhuede also win prizes Nigeria’s Guaranty Trust Bank last night scooped the prize for African Bank of…
Switzerland eyes new law on dictators’ loot
Switzerland, currently in the process of restituting assets to several former autocratic countries, is working on a new law aimed…
FBN Holdings grows profit, pays N1 dividend
First Bank of Nigeria Holdings Plc on Tuesday announced a profit before tax of N92.7 billion for the financial year…
EFCC arrests bank official for serial fraud
Nigeria’s Economic and Financial Crimes Commission has arrested one Onyekachi Nwosu, the relationship/account officer of a bank in Enugu over…
Access Bank declares 60k dividend
Nigeria’s Access Bank has proposed a final dividend of 60k per share to all its shareholders for the financial year…
Societe Generale Bank Returns Tomorrow
BY HENRY OJELU Societe Generale Bank of Nigeria, SGBN, will be re-commencing operation tomorrow, Tuesday 29 January, but this time…
Nigeria: falling for Fake Bank Alerts
BY CYRIACUS IZUEKWE Cases of fraud through fake bank alerts are on the increase. Police advise the public to be…
World banking regulator eases rules
BASEL, Switzerland, (AFP) – The world’s top banking regulatory body on Sunday eased the first global liquidity rules scheduled to…
I’d Be Worried If Men Don’t Toast Me
Sexy Afro-pop singer, Ifeoma Joy Omeh, alias Lady Fify, is one of the few female singers helping to enliven the…
GTB Asset becomes Investment One
GTB Asset Management Ltd, hitherto owned by GTB has been rechristened Investment One Financial Services Limited. Its managing director,Mr Nicholas…
World’s oldest bank Monte dei Paschi reports Q3 loss
MILAN (AFP) – Italy’s Banca Monte dei Paschi di Siena on Wednesday reported a loss of 47.4 million euros ($60.3…
THE HEADIES 2012 AWARDS: PSquare, Wizkid, Vector Shine
Recently, the new Expo Hall of Eko Hotel and Suites, Victoria Island, Lagos, brimmed with heavyweights in the telecommunications, banking,…