Finance

Central bank fixes April 3 and 4 for monetary policy committee meeting

This is just as Standard and Poor’s (S&P) has affirmed its ‘B/B’ long and short-term sovereign credit ratings on Nigeria. The agency also assigned a “stable outlook” on the country.

Qatar asks US to probe financial manipulation by UAE

Qatar's central bank has asked US regulators to investigate an Emirati bank that Doha accuses of waging "financial warfare" against it.

Bank customers reduce despite central bank’s campaign for financial inclusion

Despite Central Bank of Nigeria’s (CBN) effort to promote financial inclusion, the Nigeria Inter-Bank Settlement System (NIBSS) banking industry statistics shows that the number of customers using financial services reduced in 2017.

IMF raises alarm as banks take N2.4 trillion central bank loans in 3 months

International Monetary Fund (IMF) has cautioned against rising risks in the banking sector leading to banks borrowing a total of N2.496 trillion from Central Bank of Nigeria (CBN) during the last three months of 2017 according to data obtained from the apex bank at the weekend.

Sterling bank takes financial literacy to Imo, hosts Lagos schools

Sterling Bank Plc has taken its financial inclusion drive to the next level with the training of over 20,000 secondary school students nationwide, to mark the 2018 edition of the Financial Literacy Day.

Pound recovers as world supports Britain in spy case

The British pound recovered Friday from weakness prompted by a Russian decision to expel British diplomats, as the world rallied in support for London in a crisis sparked by the poisoning of a double agent, analysts said.

Central bank delays monetary policy meeting

The next Monetary Policy Committee (MPC) meeting will hold between seven to 10 days behind schedule, the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, said on Thursday.

Keystone Bank partners NIPOST, launches agency banking

One of Nigeria’s most reliable financial institutions, Keystone Bank Limited has launched ‘KeyServ’ (An Agency Banking Proposition) to serve customers outside its conventional brick & Mortar mode of banking.

Godwin Emefiele: MPC meeting to hold after Senate confirmation of central bank deputy governors

The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said on Thursday the Monetary Policy Committee (MPC) meeting would hold between seven and 10 days after the Senate confirms the list of deputy governors and MPC members submitted by President Muhammadu Buhari.

Central bank, others brainstorm on new bank customers target

The Central Bank of Nigeria (CBN), bank operators and other stakeholders in the financial sector on Thursday deliberated on ways to ensure financial inclusion of additional 7.6 million Nigerians in 2018.

GTBank announces full year 2017 profit before tax of N200.24 billion

The foremost institutional Bank, Guaranty Trust Bank plc, has released its audited financial results for the year ended December 31, 2017 to the Nigerian and London Stock Exchanges.

DMO: Nigeria’s debt hit N21.7 trillion in 2017

Nigeria’s total national debt grew to N21.7 trillion ($70.92 billion) at the end of December 2017, the Director-General of Nigeria’s Debt Management Office told a news briefing on Wednesday.

Google to ban ads promoting cryptocurrency and ICOs from June

Google has announced it will ban advertisements that promote cryptocurrencies and initial coin offerings (ICOs) starting from June.

Central bank injects another $210m into foreign exchange market

The Central Bank of Nigeria (CBN) in its quest to guarantee the availability of foreign exchange for customers’ needs has injected another 210 million dollars into the foreign exchange market.

Zenith Bank declares N785.19bn gross earnings for 2017

Zenith International Bank has announced gross earnings of N745.19 billion for the financial year ended Dec. 31, 2017.

NAICOM charges brokers to desist from unprofessional practices

National Insurance Commission, NAICOM, has appealed to insurance brokers to desist from engaging in unprofessional practices because they hinder growth of the sector.

Central bank asks court not to slam First Bank with N122bn judgment debt

The Central Bank of Nigeria (CBN) has asked a Federal High Court in Owerri not to make absolute the temporary garnishee order it granted six chiefs representing the Ogoni community, compelling it to pay the sum of N122.53 billion on behalf of First Bank of Nigeria Limited (FirstBank).

Nigeria’s external reserves hit 5-year high of $46bn

It has also significantly surpassed the $40 billion target for 2018 announced by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, last November, and is expected to inch up to $50 billion in the next few months.

Recent Stories

Gunmen kidnap four Turkish expatriates in Kwara

Armed bandits have allegedly abducted four Turkish expatriates at a local drinking joint in Gbale village, Edu local government area of Kwara State.
Avengers- Endgame

Disney: ‘Avengers’ to break ‘Avatar’ all-time record

Marvel’s “Avengers: Endgame” will become the highest-grossing film of all time this weekend, parent company Disney said in a statement Saturday.

Female suicide bomber kills two policemen, four civilians

A female suicide bomber killed six people — including two policemen — in Pakistan’s restive northwest Sunday in an attack claimed by the Taliban, officials said.
Matthijs de Ligt insists his €75 million (£68m-$84m) move to Juventus was driven by personal ambition, with Cristiano Ronaldo having no influence on his decision to head for Italy.

Leonardo Bonucci: Matthijs de Ligt is the best in the world now

Juventus defender Leonardo Bonucci believes his side have signed ‘the best young player in the world’ in Matthijs de Ligt.

Bauchi records outbreak of three animals, bird diseases in six months

Bauchi State Government on Sunday said that it has recorded outbreak of three types of animals and birds diseases in the last six months in some parts of the state.