Finance

FirstBank promotes over 3000 staff

FirstBank of Nigeria Limited has promoted over 3000 of its workforce in its recent promotion exercise targeted at rewarding staff for strong performance in driving the Bank’s business.

Customer alerts bank to reverse over N7.3 million mistaken transfer

A Nigerian engineer on Tuesday drew the attention of his bank following a mistaken transfer of over 7.3 million naira (equivalent to about $20,100) into his account.

Namibia cuts lending rate to 6.75%

Namibia’s central bank on Wednesday cut its benchmark lending rate by 25 basis points to 6.75 per cent.

Naira crashes to N370 on lack of dollar supply

The naira depreciated against the United States dollar at the parallel market on Tuesday to 370, down from 368/dollar on Monday.

Central bank injects $364m into inter-bank forex market

The Central Bank of Nigeria (CBN) on Tuesday, August 15, 2017, intervened in the Inter-Bank Foreign Exchange Market to the tune of $364million in a bid to sustain liquidity in the market.

South Africa’s rand slips as court sets to rule on central bank’s mandate

South Africa’s rand was slightly weaker on Tuesday ahead of a court ruling on the Central Bank’s inflation targeting mandate and an economic update by ratings agency, Moody’s.

Nigeria to auction N135bn bonds August 23 – DMO

The Federal Government has offered for subscription by auction, N135 billion bonds in its August 23 auction, according to the Debt Management Office (DMO).

Zenith Bank provides for 30% of 9mobile’s loan

Zenith Bank says it has made a provision on 30 percent of its loan to 9mobile, telecommunications company formerly known as Etisalat.

FIRS, JTB share data of high-income earners

The Joint Tax Board and the Federal Inland Revenue Service have started sharing data of high net worth individuals to profile income earners and taxpayers in order to get them pay appropriate taxes.

Naira falls against dollar at parallel market

The naira on Monday depreciated further against the dollar at the parallel market, exchanging at N367 to the dollar.

Customer panic as Ghana central bank takes over two distressed banks

There is a state of panic among customers of two commercial banks in Ghana after the Bank of Ghana (BoG) announced a takeover of the banks.

We’re monitoring use of naira-denominated cards – CBN

The Central Bank of Nigeria says it is closely monitoring the use of naira-denominated cards for international transactions by bank customers.

184,979 retirees benefit from pensions scheme – PenCom

The National Pension Commission on Saturday said no fewer than 184,979 retirees benefited from Contributory Pensions Scheme.

PenCom queries bill on paramilitary pension scheme

The National Pension Commission (PenCom) has kicked against the bill seeking to exclude paramilitary organisations including the police from the Contributory Pension Scheme (CPS).

13 millionaires emerge as Diamond Bank raffle draws

Diamond Bank Plc has created additional 13 millionaires in its daily extraordinary draws across the six geopolitical zones of Nigeria’s economy.

Fraud places Union Bank in serious financial jeopardy

However, according to insiders, the bank is exposed to litigation issues that could see it in serious financial trouble in the future as events unfold in the courtroom.

Afreximbank opens shareholding to investing public

Supranational trade finance bank, African Export-Import Bank (Afreximbank), says it is opening its shareholding to the investing public with a 300 million dollars equity offering through the issuance of depositary receipts.

Foreign reserves reach $31.22bn, first time in 2 years

Nigeria’s foreign exchange reserves rose to $31.22 billion, data from the Central Bank of Nigeria, CBN, have shown.

Recent Stories

The United States has said more than $6bn has been invested in Nigeria’s HIV-AID control, even as more than one million women and children are currently on HIV treatment through the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR).

World AIDS Day: U.S. spends $6 billion on one million patients in Nigeria

The United States has said more than $6bn has been invested in Nigeria’s HIV/AID control, even as more than one million women and children are currently on HIV treatment through the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR).
President-elect Joe Biden unveiled his picks for several top economic positions on Monday, including former Federal Reserve Chair Janet Yellen as his nominee for Treasury Secretary, setting the stage for a more diverse White House.

Wisconsin formally declares Joe Biden as winner of presidential election

Wisconsin became the last of six states to officially declare victory for Joe Biden late on Monday, in spite of the legal challenges posed by President Donald Trump to stop the certification of results.
The House of Representatives on Tuesday reprimanded the Minister of Foreign Affairs, for the continuing maltreatment of Nigerians in the Diaspora.

Borno killings: House of Reps to invite President Buhari over nation’s security situation

The House of Representatives may today reach a resolution to invite President Muhammadu Buhari to give explanations on the true security situation of the country.
KARIM BENZEMA OF REAL MADRID CELEBRATES 1-0 WITH TEAMMATES DURING THE UEFA CHAMPIONS LEAGUE MATCH BETWEEN REAL MADRID V INTERNAZIONALE AT THE ALFREDO DI STEFANO STADIUM ON NOVEMBER 3, 2020 IN MADRID. GETTY IMAGES

Real Madrid travel to Ukraine for must-win Champions League game

Real Madrid travel to Ukraine for this evening’s Champions League clash with Shakhtar Donetsk in the knowledge that victory is absolutely crucial as explained by Mundo Deportivo.
Super Falcons striker Asisat Oshoala continued her impressive goal scoring form as she grabbed a brace in Barcelona Ladies’ 7-0 thrashing of Sporting de Huelva in the Spanish women’s league.

UEFA.com Women’s Team of the Year voting now open

For the first time you can now vote for the UEFA.com fans’ Women’s Team of the Year, with 50 players available when selecting your chosen XI.