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…