CMB: Banks unlikely to post larger profits in 2019
Coronation Merchant Bank Limited (CMB) has predicted that commercial banks in the country will be unlikely to post large gains in profits this year.
Pound hits seven-week high on eve of vital Brexit vote
The British pound on Monday hit a seven-week high against the dollar as UK Prime Minister Theresa May delivered an upbeat speech on the eve of a key Brexit vote which she is expected to lose, dealers said.
VFD Group sells stake in NEM Insurance
VFD Group, a financial services firm, said it has sold its stake in NEM Insurance after talks with the board of the insurance firm about its vision broke down.
Expert calls for legislation reducing bank lending to politicians
Mr Samuel Nzekwe, former President, Association of National Accountants of Nigerian (ANAN), has called for introduction of legislation that would control bank lending to politicians to finance election campaigns.
Mike Adenuga closes gap with Aliko Dangote in Forbes billionaires ranking
Globacom Chairman Mike Adenuga Jnr, with interests in oil exploration and real estate has moved up, ranking next to Aliko Dangote as Africa’s second richest man.
Access Bank’s share price drops by 32 per cent
The share price of Access Bank Plc has declined by 32.52 per cent since the bank confirmed its plans to merge with Diamond Bank Plc.
Central bank to auction N908 billion treasury bills in Q1
The Central Bank of Nigeria (CBN) yesterday released its Treasury Bills Issuance Programme for the first quarter of 2019.
Keystone Bank floats first Zero Data Mobile App
Customers of Keystone Bank Limited can now transact banking services at their convenience on the new ‘Keystone Bank Mobile App’ with Zero Data.
Keystone Bank: We have no relationship with President Buhari or Atiku Abubakar
The management of Keystone Bank says it has no ties with President Muhammadu Buhari or former vice president Atiku Abubakar.
Central bank injects $210 million into foreign exchange market
The Central Bank of Nigeria (CBN) has sustained its intervention in the Inter-Bank Foreign Exchange Market by injecting 210 million dollars into the various segments of the market.
AfDB approves $14.12 million to facilitate Nigeria’s ATI membership
Soothing news came the way of Nigeria on Tuesday as the African Development Bank (AfDB), through its trade finance operations, has approved $14.12 million facility to support the Nigeria’s membership of African Trade Insurance (ATI) Agency.
NSE: Bears on rampage, market capitalisation loses N136bn
The bears at the Nigerian Stock Exchange (NSE) continued to dominate trading for the fifth trading days in 2019 with the crucial market indicators declining further by 1.20 per cent.
120,000 Kano rice farmers to benefit from Central bank’s anchor borrower programme
No fewer than 120, 000 rice farmers in Kano State would benefit from the Federal Government’s Anchor Borrower programme for this year’s dry season farming.
Women farmers want review of agric credit disbursement conditions
The Small-scale Women Farmers Organisation in Nigeria (SWOFON) on Tuesday appealed to the Federal Government and banks to review stringent conditions for farmers to access agricultural loans.
Nigeria’s e-payment transactions hit N56.85 trillion
Latest report from the Nigerian Interbank Settlement System (NIBSS), has shown that Nigeria’s electronic payment (e-payment) services, recorded transactions worth N56.85 trillion between January and end of September, 2018.
Iran mulls slashing four zeros from rial currency
Iran’s central bank has proposed slashing four zeros from the rial, following the plunging of the currency’s value in the wake of an economic crisis fuelled by U.S. sanctions.
Official: ‘Rate cutting’ threatens NAICOM’s 2020 N1 trillion premium target
The National Insurance Commission (NAICOM) on Saturday cautioned insurance operators against rate cutting in 2019.
Two more banks go down as Ghana completes sector cleanup
Ghana’s Central Bank on Saturday disclosed the revocation of the operating licences of two more banks, Premium Bank and Heritage Bank.
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Oil prices slip as U.S. crude output nears 12 million bpd
Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge.
Sniffer dogs, bomb experts comb through Kenya attack site
Kenyan security forces on Thursday resumed their search of the hotel complex attacked by Islamists with sniffer dogs and bomb experts, as information emerged about one of the attackers who killed 21 people.
APC takes re-election campaign to Jos
The Deputy Governor Plateau State Sonni Tyoden told reporters in Jos on Wednesday that the National Leader of the All Progressives Congress and Presidential Campaign Council Co-Chairman Asiwaju Bola Tinubu would accompany the President on the campaign trip.
Tokyo’s stocks close down on rising yen, Huawei worry
Tokyo stocks closed lower Thursday, weighed down by a firming yen, but banking shares gained to provide some support for the overall market.
Tottenham reach £11 million agreement with Guangzhou for Mousa Dembele
Tottenham have agreed on an £11m ($14m) fee with Chinese outfit Guangzhou R&F for the transfer of Mousa Dembele, subject to international clearance.
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Justice Onnoghen: Nigeria descending into a totalitarian, fascist state – NBA
The Nigerian Bar Association, Cross River State chapter, has condemned the proposed arraignment of the Chief Justice of Nigeria, Justice Walter Samuel Onnoghen, saying the country is descending into a totalitarian and fascist state.
Hoodlums invade Atiku Abubakar’s campaign office in Ebonyi
Some hoodlums in the early hours of Friday, invaded the campaign office of the Presidential candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar, in Abakaliki, the Ebonyi State capital and destroyed its billboards.
Jurgen Klopp delighted Fabinho gives him options in central defence
Brazil midfielder Fabinho impressed Jurgen Klopp enough in central defence in Saturday’s 1-0 win over Brighton to reassure the Liverpool manager he can be a reliable stop-gap partner for Virgil van Dijk.
President Buhari: My re-election is guaranteed
President Muhammadu Buhari said on Thursday that he was not in doubt that the ruling All Progressives Congress (APC) would clinch victory a second time in the general election slated for next month.
Court adjourns Ebonyi APC governorship primary suit to February 6
A Federal High Court sitting in Abakaliki on Thursday adjourned until Feb. 6 ruling in a suit filed by Prof. Bernard Odoh one of the governorship aspirant of the All Progressives Congress (APC).